David Clanachan - Jun 21, 2022 Form 4 Insider Report for Tilray Brands, Inc. (TLRY)

Role
Director
Signature
/s/ Carl A. Merton, as Attorney-in-Fact for David F. Clanachan
Stock symbol
TLRY
Transactions as of
Jun 21, 2022
Transactions value $
-$22,151
Form type
4
Date filed
6/22/2022, 05:07 PM
Previous filing
Jun 23, 2021
Next filing
Jul 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLRY Class 2 Common Stock Options Exercise +15.3K 15.3K Jun 21, 2022 Direct F1, F2
transaction TLRY Class 2 Common Stock Tax liability -$22.2K -6.77K -44.23% $3.27 8.54K Jun 21, 2022 Direct F2, F3

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 -3.8K -100% $0.00* 0 Jun 21, 2022 Class 2 Common Stock 3.8K Direct F4, F5
transaction TLRY Restricted Stock Units Options Exercise $0 -11.5K -100% $0.00* 0 Jun 21, 2022 Class 2 Common Stock 11.5K Direct F4, F6
* 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 Amount includes shares of Common Stock beneficially owned by the reporting person, but excludes other unvested RSUs.
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.
F4 Each restricted stock unit represents a contingent right to receive one (1) share of Tilray Brands, Inc. Class 2 Common Stock.
F5 On June 21, 2021, the reporting person was granted 11,515 RSUs, 33% of which vested on June 21, 2022, with 33.50% scheduled to vest on June 21, 2023 and 33.50% scheduled to vest on June 21, 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.
F6 On June 21, 2021, the reporting person was granted 11,515 RSUs, 100% of which vested on June 21, 2022. In the event of a voluntary termination by the reporting person prior to the vesting date, all RSUs will be forfeited.