Denise M. Faltischek - Aug 19, 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 19, 2021
Transactions value $
-$246,372
Form type
4
Date filed
8/23/2021, 09:01 PM
Previous filing
Aug 16, 2021
Next filing
Jan 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLRY Class 2 Common Stock Options Exercise +31.1K +82.35% 68.9K Aug 19, 2021 Direct F2
transaction TLRY Class 2 Common Stock Tax liability -$133K -10.5K -15.24% $12.68 58.4K Aug 19, 2021 Direct F1
transaction TLRY Class 2 Common Stock Options Exercise +26.4K +45.27% 84.9K Aug 19, 2021 Direct F2
transaction TLRY Class 2 Common Stock Tax liability -$113K -8.93K -10.52% $12.68 75.9K Aug 19, 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 -31.1K -100% $0.00* 0 Aug 19, 2021 Class 2 Common Stock 0 Direct F2, F3
transaction TLRY Restricted Stock Units Options Exercise $0 -26.4K -100% $0.00* 0 Aug 19, 2021 Class 2 Common Stock 0 Direct F2, F4
* 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. ("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 an installment of restricted stock units ("RSUs") granted to the reporting person on November 14, 2019 and August 12, 2020. None of these shares were sold in an open market transaction.
F2 RSUs convert into shares of Tilray Class 2 Common Stock on a one-for-one basis.
F3 On November 14, 2019, the reporting person was granted 62,250 RSUs, with 50% vesting on November 14, 2020, and the remaining 50% scheduled to vest on November 14, 2021. On August 19, 2021, the Compensation Committee of Tilray's Board of Directors (the "Compensation Committee") accelerated the vesting of the remaining unvested RSUs.
F4 On August 12, 2020, the reporting person was granted 52,887 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 accelerated the vesting of the remaining unvested RSUs.