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 2023, 16:44.
Irwin D. Simon - 26 Jul 2023 Form 4 Insider Report for Tilray Brands, Inc. (TLRY)
- Reporting relationship
- President and CEO
- Issuer ticker
- TLRY
- Reported as of
- 26 Jul 2023
- Net transaction value
- +$175,787
- SEC form
- 4
- Accepted by SEC
- 28 Jul 2023, 16:44:05 UTC
- Prior SEC filing
- 18 Jul 2023
- Next SEC filing
- 02 Aug 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 2023.
Change
- Previous filing in this sequence was filed on 18 Jul 2023.
- Current net transaction value: +$175,787.
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
Common Stock
Options Exercise
- Transaction value
- $183,140
- Shares
- +94,891
- Change %
- +7.5%
- Price
- $1.93
- Shares after
- 1,356,609
- Date
- 26 Jul 2023
- Ownership
- Direct
- Footnotes
- F1, F2
TLRY
transaction
Common Stock
Tax liability
- Transaction value
- $101,277
- Shares
- -52,475
- Change %
- -3.9%
- Price
- $1.93
- Shares after
- 1,304,134
- Date
- 26 Jul 2023
- Ownership
- Direct
- Footnotes
- F2, F3
TLRY
transaction
Common Stock
Options Exercise
- Transaction value
- $210,131
- Shares
- +98,192
- Change %
- +7.5%
- Price
- $2.14
- Shares after
- 1,402,326
- Date
- 27 Jul 2023
- Ownership
- Direct
- Footnotes
- F2, F4
TLRY
transaction
Common Stock
Tax liability
- Transaction value
- $116,206
- Shares
- -54,302
- Change %
- -3.9%
- Price
- $2.14
- Shares after
- 1,348,024
- Date
- 27 Jul 2023
- Ownership
- Direct
- Footnotes
- F2, F5
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
TLRY
transaction
Derivative
Performance-Based Restricted Stock Units ("Synergy PSUs")
Options Exercise
- Transaction value
- $0
- Shares
- -94,891
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 26 Jul 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 94,891
- Exercise price
- Footnotes
- F6
TLRY
transaction
Derivative
Restricted Stock Units ("2021 LTIP RSUs")
Options Exercise
- Transaction value
- $0
- Shares
- -98,192
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 98,194
- Date
- 27 Jul 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 98,192
- Exercise price
- Footnotes
- F6
TLRY
transaction
Derivative
Performance-Based Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +4,403,064
- Change %
- Price
- $0.000000
- Shares after
- 4,403,064
- Date
- 26 Jul 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 4,403,064
- Exercise price
- Footnotes
- F7, F8
TLRY
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +2,356,218
- Change %
- Price
- $0.000000
- Shares after
- 2,356,218
- Date
- 26 Jul 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,356,218
- Exercise price
- Footnotes
- F9, F10
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 10 footnotes
Footnote F1
On July 26, 2021, the reporting person was granted 189,781 of 2021 LTIP RSUs. The underlying vesting conditions were satisfied, and an amount equal to the remaining 94,891 vested on July 26, 2023.
Footnote F2
Amount includes shares of Common Stock beneficially owned by the reporting person but excludes other unvested RSUs or PSUs.
Footnote F3
Represents shares withheld by the Company to satisfy the tax withholding obligation associated with the vesting of 94,891 LTIP RSUs.
Footnote F4
July 27, 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 25% of these Synergy PSUs vested (98,192) on July 27, 2023. The remaining Synergy PSUs will vest on July 27, 2024 (25%), subject to continued employment through the applicable vesting date.
Footnote F5
Represents shares withheld by the Company to satisfy the tax withholding obligation associated with the vesting of 98,192 Synergy PSUs.
Footnote F6
Each unit represents a contingent right to receive one (1) share of Tilray Common Stock.
Footnote F7
Each performance-based restricted stock unit ("2023 EBITDA PSU") 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.
Footnote F8
On July 26, 2023, the reporting person was granted 4,403,064 of the 2023 EBITDA PSUs. Subject to the reporting person's continuous employment through the vesting date, each 2023 EBITDA PSU represents the right to receive, following vesting, one (1) share of Tilray Common Stock. The 2023 EBITDA PSUs will vest based on the achievement of a cumulative performance target for Adjusted EBITDA generated by Tilray over the 3-year performance period beginning June 1, 2023, and ending May 31, 2026.
Footnote F9
Each restricted stock unit ("LTIP RSU") 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.
Footnote F10
Subject to the reporting person's continuous employment through the vesting date, the LTIP RSUs shall vest in two (2) equal annual installments, commencing on July 26, 2024, and July 26, 2025, except in the case of the reporting person's earlier voluntary resignation, death or disability. In the event of a voluntary termination by the reporting person prior to the vesting date, all LTIP RSUs will be forfeited.