Johann Michael Herhalt - 02 May 2022 Form 4 Insider Report for Tilray Brands, Inc. (TLRY)

Role: Director
Signature: /s/ Carl A. Merton, as Attorney-in-Fact for Johann Michael Herhalt
Issuer symbol: TLRY
Transactions as of: 02 May 2022
Net transactions value: -$15,907
Form type: 4
Filing time: 04 May 2022, 08:00:24 UTC
Previous filing: 23 Jun 2021
Next filing: 22 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TLRY	Class 2 Common Stock	Options Exercise		+6,225			6,225	02 May 2022	Direct	F1
transaction	TLRY	Class 2 Common Stock	Tax liability	$15,907	-3,175	-51%	$5.01	3,050	02 May 2022	Direct	F2

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	-6,225	-100%	$0.000000^*	0	02 May 2022	Class 2 Common Stock	6,225		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	RSUs convert into shares of Tilray Class 2 Common Stock on a one-for-one basis.
F2	Represents shares sold via settlement on a sell-to-cover basis to meet the reporting person's tax withholding obligations upon vesting of RSUs granted on April 29, 2019.
F3	Each restricted stock unit represents a contingent right to receive one (1) share of Tilray Brands, Inc. Class 2 Common Stock.
F4	All of the RSUs were fully vested and settled as of April 29, 2022.