Denise M. Faltischek - Jul 31, 2024 Form 4 Insider Report for Tilray Brands, Inc. (TLRY)

Role
Chief Strategy Officer
Signature
/s/ Carl A. Merton, as Attorney-in-Fact for Denise M. Faltischek
Stock symbol
TLRY
Transactions as of
Jul 31, 2024
Transactions value $
$93,331
Form type
4
Date filed
8/2/2024, 04:06 PM
Previous filing
Jul 30, 2024
Next filing
Aug 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLRY Common Stock Options Exercise $191K +93.9K +19.18% $2.03 584K Jul 31, 2024 Direct F1, F2
transaction TLRY Common Stock Tax liability -$97.3K -48K -8.22% $2.03 536K Jul 31, 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 Performance-Based Restricted Stock Units ("2022 PSUs") Options Exercise $0 -93.9K -100% $0.00* 0 Jul 31, 2024 Common Stock 93.9K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 26, 2022, the reporting person was granted 187,853 of 2022 PSUs, with vesting subject to the achievement of certain pre-established performance parameters relating to the aggregate EBITDA generated from the HEXO transaction. The underlying performance condition was satisfied, and 93,926 units vested on July 31, 2024.
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 93,926 of 2022 PSUs previously granted on June 26, 2022.
F4 Each unit represents a contingent right to receive one (1) share of Tilray Common Stock.