Irwin D. Simon - May 12, 2021 Form 4 Insider Report for Tilray, Inc. (TLRY)

Role
President and CEO, Director
Signature
/s/ Carl A. Merton, as Attorney-in-Fact for Irwin D. Simon
Stock symbol
TLRY
Transactions as of
May 12, 2021
Transactions value $
-$3,525,298
Form type
4
Date filed
5/14/2021, 08:51 PM
Previous filing
May 10, 2021
Next filing
Jun 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLRY Class 2 Common Stock Options Exercise +72.7K 72.7K May 12, 2021 Direct F1
transaction TLRY Class 2 Common Stock Tax liability -$563K -38.8K -53.33% $14.53* 33.9K May 12, 2021 Direct
transaction TLRY Class 2 Common Stock Options Exercise +72.7K +214.26% 107K May 12, 2021 Direct F1
transaction TLRY Class 2 Common Stock Tax liability -$563K -38.8K -36.36% $14.53* 67.8K May 12, 2021 Direct
transaction TLRY Class 2 Common Stock Options Exercise +20.8K +30.59% 88.6K May 12, 2021 Direct F1
transaction TLRY Class 2 Common Stock Tax liability -$161K -11.1K -12.49% $14.53* 77.5K May 12, 2021 Direct
transaction TLRY Class 2 Common Stock Options Exercise +242K +312.5% 320K May 12, 2021 Direct F1
transaction TLRY Class 2 Common Stock Tax liability -$1.88M -129K -40.4% $14.53* 191K May 12, 2021 Direct
transaction TLRY Class 2 Common Stock Options Exercise +20.8K +10.89% 211K May 12, 2021 Direct F1
transaction TLRY Class 2 Common Stock Tax liability -$161K -11.1K -5.24% $14.53* 200K May 12, 2021 Direct
transaction TLRY Class 2 Common Stock Options Exercise +25.9K +12.91% 226K May 12, 2021 Direct F1
transaction TLRY Class 2 Common Stock Tax liability -$200K -13.8K -6.1% $14.53* 212K May 12, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TLRY Restricted Stock Units Options Exercise $0 -72.7K -100% $0.00* 0 May 12, 2021 Class 2 Common Stock 72.7K Direct F1, F2
transaction TLRY Restricted Stock Units Options Exercise $0 -72.7K -33.33% $0.00 145K May 12, 2021 Class 2 Common Stock 72.7K Direct F1, F3
transaction TLRY Restricted Stock Units Options Exercise $0 -20.8K -100% $0.00* 0 May 12, 2021 Class 2 Common Stock 20.8K Direct F1, F4
transaction TLRY Restricted Stock Units Options Exercise $0 -242K -33.33% $0.00 485K May 12, 2021 Class 2 Common Stock 242K Direct F1, F5
transaction TLRY Restricted Stock Units Options Exercise $0 -20.8K -100% $0.00* 0 May 12, 2021 Class 2 Common Stock 20.8K Direct F1, F6
transaction TLRY Restricted Stock Units Options Exercise $0 -25.9K -50% $0.00 25.9K May 12, 2021 Class 2 Common Stock 25.9K Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into shares of Class 2 common stock on a one-for-one basis.
F2 On January 22, 2020, the reporting person was granted 72,678 restricted stock units, with 100% vesting on June 1, 2020.
F3 On January 22, 2020, the reporting person was granted 218,038 restricted stock units, 33.33% of which vested on June 1, 2020; 33.33% will vest on June 1, 2021; and the remaining 33.34% will vest on June 1, 2022.
F4 On January 22, 2020, the reporting person was granted 20,750 fully vested restricted stock units.
F5 On January 22, 2020, the reporting person was granted 726,794 restricted stock units, 33.33% of which vested on June 1, 2020; 33.33% will vest on June 1, 2021; and the remaining 33.34% will vest on June 1, 2022.
F6 On February 24, 2019, the reporting person was granted 20,750 fully vested restricted stock units.
F7 On August 7, 2019, the reporting person was granted 51,704 restricted stock units with 50% vesting on August 7, 2020, and the remaining 50% vesting on August 7, 2021.