Renah Persofsky - 02 May 2022 Form 4 Insider Report for Tilray Brands, Inc. (TLRY)

Role: Director
Signature: /s/ Carl A. Merton, as Attorney-in-Fact for Renah Persofsky
Issuer symbol: TLRY
Transactions as of: 02 May 2022
Net transactions value: -$1,710
Form type: 4
Filing time: 04 May 2022, 08:00:26 UTC
Previous filing: 13 Apr 2022
Next filing: 13 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		+664	+4.2%		16,303	02 May 2022	Direct	F1
transaction	TLRY	Class 2 Common Stock	Tax liability	$1,710	-343	-52%	$4.98	321	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	-664	-100%	$0.000000^*	0	02 May 2022	Class 2 Common Stock	664		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.