Irwin D. Simon - Jun 1, 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
Jun 1, 2021
Transactions value $
-$2,667,083
Form type
4
Date filed
6/3/2021, 08:01 PM
Previous filing
May 14, 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 +72.7K +34.23% 285K Jun 1, 2021 Direct F2
transaction TLRY Class 2 Common Stock Tax liability -$615K -36.2K -12.72% $16.98* 249K Jun 1, 2021 Direct F1
transaction TLRY Class 2 Common Stock Options Exercise +242K +97.4% 491K Jun 1, 2021 Direct F2
transaction TLRY Class 2 Common Stock Tax liability -$2.05M -121K -24.61% $16.98* 370K Jun 1, 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 Restricted Stock Units Options Exercise $0 -72.7K -50% $0.00 72.7K Jun 1, 2021 Class 2 Common Stock 72.7K Direct F2, F3
transaction TLRY Restricted Stock Units Options Exercise $0 -242K -50% $0.00 242K Jun 1, 2021 Class 2 Common Stock 242K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were retained by Tilray, Inc. via settlement on a net withholding basis in order to meet the tax withholding obligations of the Reporting Person in connection with the vesting of an installment of restricted stock units granted to the Reporting Person on January 22, 2020.
F2 Restricted stock units convert into shares of Class 2 Common Stock on a one-for-one basis.
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% of which vested on June 1, 2021; and the remaining 33.34% of which will vest on June 1, 2022.
F4 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% of which vested on June 1, 2021; and the remaining 33.34% of which will vest on June 1, 2022.