James R. Meiers - Aug 12, 2021 Form 4 Insider Report for Tilray, Inc. (TLRY)

Role: Head of Canada
Signature: /s/ Carl A. Merton, as Attorney-in-Fact for James R. Meiers
Stock symbol: TLRY
Transactions as of: Aug 12, 2021
Transactions value $: -$111,757
Form type: 4
Date filed: 8/16/2021, 09:00 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		+32.5K			32.5K	Aug 12, 2021	Direct	F2
transaction	TLRY	Class 2 Common Stock	Tax liability	-$112K	-7.93K	-24.35%	$14.10^*	24.6K	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	-32.5K	-50%	$0.00	32.5K	Aug 12, 2021	Class 2 Common Stock	32.5K		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 65,096 restricted stock units with 50% vesting on August 12, 2021, and the remaining 50% vesting on August 12, 2022.