Carl A. Merton - Jun 1, 2024 Form 4 Insider Report for Tilray Brands, Inc. (TLRY)

Role
Chief Financial Officer
Signature
/s/ Carl A. Merton
Stock symbol
TLRY
Transactions as of
Jun 1, 2024
Transactions value $
$274,700
Form type
4
Date filed
6/3/2024, 06:36 PM
Previous filing
Jan 12, 2024
Next filing
Jul 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLRY Common Stock (RSUs) Options Exercise $510K +283K +62.94% $1.80 734K Jun 3, 2024 Direct F1, F2
transaction TLRY Common Stock (RSUs) Tax liability -$236K -131K -17.83% $1.80 603K Jun 3, 2024 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 -16.2K -57.15% $0.00 12.2K Jun 1, 2024 Common Stock 16.2K Direct F4, F5
transaction TLRY Restricted Stock Units ("2022 LTIP RSUs") Disposed to Issuer $0 -92.8K -100% $0.00* 0 Jun 1, 2024 Common Stock 92.8K Direct F4, F5
transaction TLRY Restricted Stock Units ("2023 LTIP RSUs") Disposed to Issuer $0 -174K -50% $0.00 174K Jun 1, 2024 Common Stock 174K 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, 2024, a total of 283,454 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 RSUs. Amount also includes 20,000 shares of Common Stock held by the spouse of the reporting person.
F3 Represents shares withheld by the Company to satisfy the tax withholding obligation associated with the vesting of 283,454 LTIP RSUs previously granted on July 26, 2021, July 26, 2022, and July 26, 2023.
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.