Irwin D. Simon - Jun 1, 2023 Form 4 Insider Report for Tilray Brands, Inc. (TLRY)

Role
President and CEO, Director
Signature
/s/ Carl A. Merton, as Attorney-in-Fact for Irwin D Simon
Stock symbol
TLRY
Transactions as of
Jun 1, 2023
Transactions value $
$589,014
Form type
4
Date filed
6/5/2023, 04:36 PM
Previous filing
Mar 21, 2023
Next filing
Jun 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLRY Common Stock (RSUs) Options Exercise $1.24M +731K +79.89% $1.70 1.65M Jun 1, 2023 Direct F1, F2
transaction TLRY Common Stock (RSUs) Tax liability -$654K -385K -23.37% $1.70 1.26M Jun 1, 2023 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 ("2021 LTIP RSUs") Disposed to Issuer $0 -131K -49.99% $0.00 131K Jun 1, 2023 Common Stock 131K Direct F4, F5
transaction TLRY Restricted Stock Units ("2022 LTIP RSUs") Disposed to Issuer $0 -600K -50% $0.00 600K Jun 1, 2023 Common Stock 600K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 1, 2023, a total of 731,193 LTIP RSUs vested. Each LTIP RSU represents a contingent right to receive one (1) share of Tilray Common Stock.
F2 Amount includes shares of Common Stock beneficially owned by the reporting person but excludes other unvested PSUs.
F3 Represents shares withheld by the Company to satisfy the tax withholding obligation associated with the vesting of 731,193 LTIP RSUs previously granted on July 27, 2021 and July 27, 2022.
F4 Each RSU represents a contingent right to receive one (1) share of Tilray Common Stock.
F5 Amount represents the total amount of unvested RSUs.