Irwin D. Simon - Aug 12, 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 12, 2021
Transactions value $
-$1,270,777
Form type
4
Date filed
8/16/2021, 09:00 PM
Previous filing
Aug 11, 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 +180K +47.05% 563K Aug 12, 2021 Direct F2
transaction TLRY Class 2 Common Stock Tax liability -$1.27M -90.1K -16% $14.10* 473K 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 -180K -50% $0.00 180K Aug 12, 2021 Class 2 Common Stock 180K 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 360,502 restricted stock units with 50% vesting on August 12, 2021, and the remaining 50% vesting on August 12, 2022.