Irwin D. Simon - 01 Jun 2022 Form 4 Insider Report for Tilray Brands, Inc. (TLRY)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
03 Jun 2022, 18:25:01 UTC
Prior SEC filing
20 Jan 2022
Next SEC filing
13 Jun 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Carl A. Merton, as Attorney-in-Fact for Irwin D Simon

Key filing fact

Irwin D. Simon filed Form 4 for Tilray Brands, Inc. (TLRY) on 03 Jun 2022.

Key facts

  • This page summarizes Irwin D. Simon's Form 4 filing for Tilray Brands, Inc. (TLRY).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 03 Jun 2022, 18:25.

Change

  • Previous filing in this sequence was filed on 20 Jan 2022.
  • Current net transaction value: -$286,188.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

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
+130,910
Change %
+18%
Price
Shares after
853,506
Date
01 Jun 2022
Ownership
Direct
Footnotes
F1, F2
TLRY transaction

Class 2 Common Stock

Tax liability

Transaction value
$286,188
Shares
-68,466
Change %
-8%
Price
$4.18
Shares after
785,040
Date
01 Jun 2022
Ownership
Direct
Footnotes
F2, F3

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
-130,910
Change %
-100%
Price
$0.000000*
Shares after
0
Date
01 Jun 2022
Ownership
Direct
Underlying class
Class 2 Common Stock
Underlying amount
130,910
Exercise price
Footnotes
F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

RSUs convert into shares of Tilray Class 2 Common Stock on a one-for-one basis.

Footnote F2

Amount includes shares of Common Stock beneficially owned by the reporting person, but excludes other unvested RSUs.

Footnote F3

Represents the number of shares withheld by the issuer to satisfy applicable tax withholding obligations in connection with the vesting of RSUs previously reported.

Footnote F4

Each restricted stock unit represents a contingent right to receive one (1) share of Tilray Brands, Inc. Class 2 Common Stock.

Footnote F5

On July 27, 2021, the reporting person was granted 392,772 RSUs, 33.33% of which vested on June 1, 2022, with 33.33% scheduled to vest on June 1, 2023 and 33.34% scheduled to vest on June 1, 2024, subject to continued employment, except in the case of the reporting person's earlier involuntary termination, death or disability. In the event of a voluntary termination by the reporting person prior to the vesting date, all RSUs will be forfeited.

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