Denise M. Faltischek - Aug 12, 2021 Form 4 Insider Report for Tilray, Inc. (TLRY)

Role
Chief Strategy Officer
Signature
/s/ Carl A. Merton, as Attorney-in-Fact for Denise M. Faltischek
Stock symbol
TLRY
Transactions as of
Aug 12, 2021
Transactions value $
-$129,198
Form type
4
Date filed
8/16/2021, 09:01 PM
Previous filing
Jul 28, 2021
Next filing
Aug 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLRY Class 2 Common Stock Options Exercise +26.4K +128.88% 47K Aug 12, 2021 Direct F2
transaction TLRY Class 2 Common Stock Tax liability -$129K -9.16K -19.51% $14.10* 37.8K Aug 12, 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 -26.4K -50% $0.00 26.4K Aug 12, 2021 Class 2 Common Stock 26.4K 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 12, 2020. 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 12, 2020, the reporting person was granted 52,887 restricted stock units with 50% vesting on August 12, 2021, and the remaining 50% vesting on August 12, 2022.