Denise M. Faltischek - May 12, 2021 Form 4 Insider Report for Tilray, Inc. (TLRY)

Role: Chief Strategy Officer
Signature: /s/ Carl A. Merton, as Attorney-in-Fact for Denise M. Faltischek
Stock symbol: TLRY
Transactions as of: May 12, 2021
Transactions value $: -$154,134
Form type: 4
Date filed: 5/14/2021, 08:54 PM
Previous filing: May 10, 2021
Next filing: Jul 28, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TLRY	Class 2 Common Stock	Options Exercise		+31.1K			31.1K	May 12, 2021	Direct	F1
transaction	TLRY	Class 2 Common Stock	Tax liability	-$154K	-10.6K	-34.08%	$14.53^*	20.5K	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	-31.1K	-50%	$0.00	31.1K	May 12, 2021	Class 2 Common Stock	31.1K		Direct	F1, F2

* 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 November 14, 2019, the reporting person was granted 62,250 restricted stock units, with 50% vesting on November 14, 2020, and the remaining 50% vesting on November 14, 2021.