Key facts
- This page summarizes Irwin D. Simon's Form 4 filing for Tilray Brands, Inc. (TLRY).
- 8 reported transactions and 4 derivative rows are listed below.
- Accepted by SEC: 28 Jul 2022, 19:20.
Irwin D. Simon - 26 Jul 2022 Form 4 Insider Report for Tilray Brands, Inc. (TLRY)
- Reporting relationship
- President and CEO, Director
- Issuer ticker
- TLRY
- Reported as of
- 26 Jul 2022
- Net transaction value
- -$531,408
- SEC form
- 4
- Accepted by SEC
- 28 Jul 2022, 19:20:03 UTC
- Prior SEC filing
- 16 Jun 2022
- Next SEC filing
- 21 Mar 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Carl A. Merton, as Attorney-in-Fact for Irwin D Simon
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Irwin D. Simon filed Form 4 for Tilray Brands, Inc. (TLRY) on 28 Jul 2022.
Change
- Previous filing in this sequence was filed on 16 Jun 2022.
- Current net transaction value: -$531,408.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
TLRY
transaction
Class 2 Common Stock (2021 LTIP RSUs)
Options Exercise
- Transaction value
- Shares
- +94,890
- Change %
- +12%
- Price
- Shares after
- 879,930
- Date
- 26 Jul 2022
- Ownership
- Direct
- Footnotes
- F1, F2
TLRY
transaction
Class 2 Common Stock (2021 LTIP RSUs)
Tax liability
- Transaction value
- $177,366
- Shares
- -52,475
- Change %
- -6%
- Price
- $3.38
- Shares after
- 827,455
- Date
- 26 Jul 2022
- Ownership
- Direct
- Footnotes
- F2, F3
TLRY
transaction
Class 2 Common Stock (Synergy PSUs)
Options Exercise
- Transaction value
- Shares
- +196,386
- Change %
- +24%
- Price
- Shares after
- 1,023,841
- Date
- 27 Jul 2022
- Ownership
- Direct
- Footnotes
- F4, F5
TLRY
transaction
Class 2 Common Stock (Synergy PSUs)
Tax liability
- Transaction value
- $354,043
- Shares
- -108,602
- Change %
- -11%
- Price
- $3.26
- Shares after
- 915,239
- Date
- 27 Jul 2022
- Ownership
- Direct
- Footnotes
- F5, F6
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
TLRY
transaction
Derivative
Restricted Stock Units ("2021 LTIP RSUs")
Options Exercise
- Transaction value
- $0
- Shares
- -94,890
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 94,891
- Date
- 26 Jul 2022
- Ownership
- Direct
- Underlying class
- Class 2 Common Stock
- Underlying amount
- 94,890
- Exercise price
- Footnotes
- F1, F7
TLRY
transaction
Derivative
Performance-Based Restricted Stock Units ("Synergy PSUs")
Options Exercise
- Transaction value
- $0
- Shares
- -196,386
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 196,387
- Date
- 27 Jul 2022
- Ownership
- Direct
- Underlying class
- Class 2 Common Stock
- Underlying amount
- 196,386
- Exercise price
- Footnotes
- F4, F8
TLRY
transaction
Derivative
Restricted Stock Units ("2022 LTIP RSUs")
Award
- Transaction value
- $0
- Shares
- -1,200,565
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 1,200,565
- Date
- 26 Jul 2022
- Ownership
- Direct
- Underlying class
- Class 2 Common Stock
- Underlying amount
- 1,200,565
- Exercise price
- Footnotes
- F7, F9, F10
TLRY
transaction
Derivative
Performance-Based Restricted Stock Units ("2022 PSUs")
Award
- Transaction value
- $0
- Shares
- -1,412,429
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 1,412,429
- Date
- 26 Jul 2022
- Ownership
- Direct
- Underlying class
- Class 2 Common Stock
- Underlying amount
- 1,412,429
- Exercise price
- Footnotes
- F8, F11
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 11 footnotes
Footnote F1
On July 26, 2021, the reporting person was granted 189,781 of 2021 LTIP RSUs, 50% of which vested on July 26, 2022. The remaining 50% is scheduled to vest on July 26, 2023, 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 2021 LTIP RSUs will be forfeited.
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 2021 LTIP RSUs.
Footnote F4
On July 26, 2021, the reporting person was granted 392,772 of Synergy PSUs, with vesting subject to the achievement of certain pre-established performance parameters relating to the achievement of Tilray's synergy goals resulting from the integration of Aphria, Inc. The underlying performance condition was satisfied, and an amount equal to 50% of these Synergy PSUs vested (196,386) on July 26, 2022. The remaining Synergy PSUs will vest on July 26, 2023 (25%) and July 26, 2024 (25%), subject to continued employment through the applicable vesting date.
Footnote F5
Amount includes shares of Common Stock beneficially owned by the reporting person but excludes other unvested PSUs.
Footnote F6
Represents the number of shares withheld by the issuer to satisfy applicable tax withholding obligations in connection with the vesting of Synergy PSUs.
Footnote F7
Each 2021 LTIP RSU or 2022 LTIP RSU, as applicable, represents a contingent right to receive one (1) share of Tilray Class 2 Common Stock.
Footnote F8
Each Synergy PSU or 2022 PSU, as applicable, represents a contingent right to receive one (1) share of Tilray Class 2 Common Stock.
Footnote F9
On July 26, 2022, the reporting person was granted 1,200,565 of 2022 LTIP RSUs, with 50% vesting on the 1st anniversary and 50% on the 2nd anniversary of the grant date, subject to continued employment through the applicable vesting date.
Footnote F10
Amount represents the total amount of unvested 2022 LTIP RSUs.
Footnote F11
On July 26, 2022, the reporting person was granted 1,412,429 of 2022 PSUs. Subject to the reporting person's continuous employment (except under certain limited circumstances) through the vesting date, each 2022 PSU represents the right to receive, following vesting, one (1) share of Tilray Class 2 Common Stock. The resulting number of shares of Class 2 Common Stock acquired upon vesting of the 2022 PSUs is contingent upon the achievement of pre-established performance targets for aggregate EBITDA generated from the HEXO transaction over the one (1) year performance period following the HEXO closing date.