Johann Herhalt - May 2, 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
Stock symbol
TLRY
Transactions as of
May 2, 2022
Transactions value $
-$15,907
Form type
4
Date filed
5/4/2022, 08:00 AM
Previous filing
Jun 23, 2021
Next filing
Jun 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLRY Class 2 Common Stock Options Exercise +6.23K 6.23K May 2, 2022 Direct F1
transaction TLRY Class 2 Common Stock Tax liability -$15.9K -3.18K -51% $5.01 3.05K May 2, 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 -6.23K -100% $0.00* 0 May 2, 2022 Class 2 Common Stock 6.23K 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.