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.