Renah Persofsky - Jul 26, 2023 Form 4 Insider Report for Tilray Brands, Inc. (TLRY)

Role
Director
Signature
/s/ Carl A. Merton, as Attorney-in-Fact for Renah Persofsky
Stock symbol
TLRY
Transactions as of
Jul 26, 2023
Transactions value $
$67,930
Form type
4
Date filed
7/27/2023, 04:45 PM
Previous filing
Jun 23, 2023
Next filing
Jan 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLRY Common Stock Options Exercise $136K +70.6K +268.83% $1.93 96.9K Jul 26, 2023 Direct F1, F2
transaction TLRY Common Stock Tax liability -$68.4K -35.4K -36.56% $1.93 61.5K Jul 26, 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 Disposed to Issuer $0 -70.6K -100% $0.00* 0 Jul 26, 2023 Common Stock 70.6K Direct F4
transaction TLRY Restricted Stock Units Award $0 +130K $0.00 130K Jul 26, 2023 Common Stock 130K Direct F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 26, 2023, a total of 70,621 RSUs vested. Each RSU represents a contingent right to receive one (1) share of Tilray Common Stock.
F2 Amount includes shares of Tilray Common Stock beneficially owned by the reporting person but excludes other unvested RSUs.
F3 Represents shares withheld by the Company to satisfy the tax withholding obligation associated with the vesting of 70,621 RSUs previously granted on July 26, 2022.
F4 Each restricted stock unit represents a contingent right to receive one (1) share of Tilray Common Stock.
F5 Each restricted stock unit represents a contingent right to receive one (1) share of Tilray Common Stock. Grant was effective as of close of trading on July 26, 2023.
F6 Subject to the reporting person's continuous service, the restricted stock units shall vest over two (2) years from the date of grant on an equal and ratable basis, with accelerated vesting solely upon death or disability prior to such date. In the event of a voluntary resignation by the reporting person prior to the vesting date, all restricted stock units will be forfeited.
F7 Amount represents the total amount of unvested RSUs and underlying shares of Tilray Common Stock.