Irwin D. Simon - Jul 27, 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: Jul 27, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/28/2021, 09:13 PM
Previous filing: Jun 3, 2021
Next filing: Aug 10, 2021

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	Award	$0	+190K		$0.00	190K	Jul 27, 2021	Class 2 Common Stock	190K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one (1) share of Tilray, Inc. Class 2 Common Stock.
F2	Subject to the reporting person's continuous employment through the vesting date, except in certain circumstances, the RSUs shall vest 50% on the first (1st) anniversary of the grant date and 50% on the second (2nd) anniversary of the grant date, except in the case of the reporting person's earlier involuntary termination, death or disability. In the event of a voluntary termination by the reporting person prior to the vesting date, all RSUs will be forfeited.

Content

Each restricted stock unit ("RSU") represents a contingent right to receive one (1) share of Tilray, Inc. Class 2 Common Stock.

Subject to the reporting person's continuous employment through the vesting date, except in certain circumstances, the RSUs shall vest 50% on the first (1st) anniversary of the grant date and 50% on the second (2nd) anniversary of the grant date, except in the case of the reporting person's earlier involuntary termination, death or disability. In the event of a voluntary termination by the reporting person prior to the vesting date, all RSUs will be forfeited.