Key facts
- This page summarizes Irwin D. Simon's Form 4 filing for Tilray, Inc. (TLRY).
- 9 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 23 Aug 2021, 21:00.
Irwin D. Simon - 19 Aug 2021 Form 4 Insider Report for Tilray, Inc. (TLRY)
- Reporting relationship
- President and CEO, Director
- Issuer ticker
- TLRY
- Reported as of
- 19 Aug 2021
- Net transaction value
- -$3,117,682
- SEC form
- 4
- Accepted by SEC
- 23 Aug 2021, 21:00:39 UTC
- Prior SEC filing
- 16 Aug 2021
- Next SEC filing
- 20 Jan 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Carl A. Merton, as Attorney-in-Fact for Irwin D. Simon
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Irwin D. Simon filed Form 4 for Tilray, Inc. (TLRY) on 23 Aug 2021.
Change
- Previous filing in this sequence was filed on 16 Aug 2021.
- Current net transaction value: -$3,117,682.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
TLRY
transaction
Class 2 Common Stock
Options Exercise
- Transaction value
- Shares
- +180,251
- Change %
- +38%
- Price
- Shares after
- 653,510
- Date
- 19 Aug 2021
- Ownership
- Direct
- Footnotes
- F2
TLRY
transaction
Class 2 Common Stock
Tax liability
- Transaction value
- $1,134,797
- Shares
- -89,495
- Change %
- -14%
- Price
- $12.68
- Shares after
- 564,015
- Date
- 19 Aug 2021
- Ownership
- Direct
- Footnotes
- F1
TLRY
transaction
Class 2 Common Stock
Options Exercise
- Transaction value
- Shares
- +72,683
- Change %
- +13%
- Price
- Shares after
- 636,698
- Date
- 19 Aug 2021
- Ownership
- Direct
- Footnotes
- F2
TLRY
transaction
Class 2 Common Stock
Tax liability
- Transaction value
- $457,596
- Shares
- -36,088
- Change %
- -5.7%
- Price
- $12.68
- Shares after
- 600,610
- Date
- 19 Aug 2021
- Ownership
- Direct
- Footnotes
- F1
TLRY
transaction
Class 2 Common Stock
Options Exercise
- Transaction value
- Shares
- +242,277
- Change %
- +40%
- Price
- Shares after
- 842,887
- Date
- 19 Aug 2021
- Ownership
- Direct
- Footnotes
- F2
TLRY
transaction
Class 2 Common Stock
Tax liability
- Transaction value
- $1,525,290
- Shares
- -120,291
- Change %
- -14%
- Price
- $12.68
- Shares after
- 722,596
- Date
- 19 Aug 2021
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
TLRY
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -180,251
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 19 Aug 2021
- Ownership
- Direct
- Underlying class
- Class 2 Common Stock
- Underlying amount
- 180,251
- Exercise price
- Footnotes
- F2, F3
TLRY
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -72,683
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 19 Aug 2021
- Ownership
- Direct
- Underlying class
- Class 2 Common Stock
- Underlying amount
- 72,683
- Exercise price
- Footnotes
- F2, F4, F6
TLRY
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -242,277
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 19 Aug 2021
- Ownership
- Direct
- Underlying class
- Class 2 Common Stock
- Underlying amount
- 242,277
- Exercise price
- Footnotes
- F2, F5, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 7 footnotes
Footnote F1
These shares were retained by Tilray, Inc. ("Tilray") 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 installments of restricted stock units ("RSUs") granted to the reporting person on January 22, 2020 and August 12, 2020. None of these shares were sold in an open market transaction.
Footnote F2
RSUs convert into shares of Tilray Class 2 Common Stock on a one-for-one basis.
Footnote F3
On August 12, 2020, the reporting person was granted 360,502 RSUs, with 50% vesting on August 12, 2021, and the remaining 50% scheduled to vest on August 12, 2022. On August 19, 2021, the Compensation Committee of Tilray's Board of Directors (the "Compensation Committee") accelerated the vesting of the remaining unvested RSUs.
Footnote F4
On January 22, 2020, the reporting person was granted 218,038 RSUs, 33.33% of which vested on June 1, 2020; 33.33% of which vested on June 1, 2021; with the remaining 33.34% scheduled to vest on June 1, 2022. On August 19, 2021, the Compensation Committee accelerated the vesting of the remaining unvested RSUs.
Footnote F5
On January 22, 2020, the reporting person was granted 726,794 RSUs, 33.33% of which vested on June 1, 2020; 33.33% of which vested on June 1, 2021; with the remaining 33.34% scheduled to vest on June 1, 2022. On August 19, 2021, the Compensation Committee accelerated the vesting of the remaining unvested RSUs.
Footnote F6
The number of beneficially owned derivative securities in Column 9 has been adjusted to exclude 10 RSUs that were inadvertently overreported due to clerical error on the Form 4 filed by the reporting person on June 3, 2021. Following the August 19, 2021 vesting of the 72,683 RSUs described in footnote 4, all such RSUs held by the reporting person were fully vested.
Footnote F7
The number of beneficially owned derivative securities in Column 9 has been adjusted to exclude 36 RSUs that were inadvertently overreported due to clerical error on the Form 4 filed by the reporting person on June 3, 2021. Following the August 19, 2021 vesting of the 242,277 RSUs described in footnote 5, all such RSUs held by the reporting person were fully vested.