Carl A. Merton - 14 May 2021 Form 4 Insider Report for Tilray, Inc. (TLRY)

Role: Chief Financial Officer
Signature: /s/ Carl A. Merton
Issuer symbol: TLRY
Transactions as of: 14 May 2021
Net transactions value: -$32,591
Form type: 4
Filing time: 18 May 2021, 19:11:12 UTC
Previous filing: 14 May 2021
Next filing: 28 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TLRY	Class 2 Common Stock	Options Exercise	$479,740	+41,500	+25%	$11.56	210,605	14 May 2021	Direct
transaction	TLRY	Class 2 Common Stock	Tax liability	$512,331	-36,779	-17%	$13.93^*	173,826	14 May 2021	Direct	F1

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	Employee Stock Option (right to buy)	Options Exercise	$0	-41,500	-100%	$0.000000^*	0	14 May 2021	Class 2 Common Stock	41,500	$11.56	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This amount represents the total amount of shares withheld to pay the option exercise price and the reporting person's tax obligations incurred in connection with the exercise of the stock option.