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

Role
Director
Signature
/s/ Carl A. Merton, as Attorney-in-Fact for David G Hopkinson
Stock symbol
TLRY
Transactions as of
Jul 26, 2023
Transactions value $
$136,299
Form type
4
Date filed
7/27/2023, 05:14 PM
Previous filing
Jun 23, 2023
Next filing
Aug 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLRY Common Stock Options Exercise $136K +70.6K +984.68% $1.93 77.8K Jul 26, 2023 Direct F1, F2

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 F3
transaction TLRY Restricted Stock Units Award $0 +130K $0.00 130K Jul 26, 2023 Common Stock 130K Direct F4, F5, F6
* 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 Each restricted stock unit represents a contingent right to receive one (1) share of Tilray Common Stock.
F4 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.
F5 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.
F6 Amount represents the total amount of unvested RSUs and underlying shares of Tilray Common Stock.