Irwin D. Simon - Aug 7, 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: Aug 7, 2021
Transactions value $: -$186,393
Form type: 4
Date filed: 8/10/2021, 09:00 PM
Previous filing: Jul 28, 2021
Next filing: Aug 11, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TLRY	Class 2 Common Stock	Options Exercise		+25.9K	+6.98%		396K	Aug 7, 2021	Direct	F2
transaction	TLRY	Class 2 Common Stock	Tax liability	-$186K	-12.9K	-3.26%	$14.42^*	383K	Aug 7, 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	+25.9K		$0.00^*	0	Aug 7, 2021	Class 2 Common Stock	25.9K		Direct	F2, F3

* 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 August 7, 2019. None of these shares were sold in an open market transaction.
F2	Restricted stock units convert into shares of Tilray, Inc. Class 2 Common Stock on a one-for-one basis.
F3	On August 7, 2019, the reporting person was granted 51,704 restricted stock units with 50% vesting on August 7, 2020, and the remaining 50% vesting on August 7, 2021.