Michael Henry - Jun 11, 2021 Form 4 Insider Report for TILLY'S, INC. (TLYS)

Role: CFO
Signature: /s/ Michael L. Henry
Stock symbol: TLYS
Transactions as of: Jun 11, 2021
Transactions value $: -$642,595
Form type: 4
Date filed: 6/15/2021, 05:13 PM
Next filing: Dec 10, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TLYS	Class A Common Stock	Options Exercise	$61.4K	+6.25K	+11.9%	$9.82	58.8K	Jun 11, 2021	Direct
transaction	TLYS	Class A Common Stock	Options Exercise	$118K	+17.5K	+29.79%	$6.74	76.3K	Jun 11, 2021	Direct
transaction	TLYS	Class A Common Stock	Options Exercise	$228K	+26.3K	+34.43%	$8.69	103K	Jun 11, 2021	Direct
transaction	TLYS	Class A Common Stock	Options Exercise	$223K	+19.7K	+19.21%	$11.33	122K	Jun 11, 2021	Direct
transaction	TLYS	Class A Common Stock	Options Exercise	$143K	+12.5K	+10.23%	$11.41	135K	Jun 11, 2021	Direct
transaction	TLYS	Class A Common Stock	Options Exercise	$41.3K	+10K	+7.42%	$4.13	145K	Jun 11, 2021	Direct
transaction	TLYS	Class A Common Stock	Sale	-$1.46M	-92.2K	-63.72%	$15.80	52.5K	Jun 11, 2021	Direct	F1

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	TLYS	Stock Option (Right to Buy)	Options Exercise	$0	-6.25K	-100%	$0.00^*	0	Jun 11, 2021	Class A Common Stock	6.25K	$9.82	Direct	F2
transaction	TLYS	Stock Option (Right to Buy)	Options Exercise	$0	-17.5K	-100%	$0.00^*	0	Jun 11, 2021	Class A Common Stock	17.5K	$6.74	Direct	F2
transaction	TLYS	Stock Option (Right to Buy)	Options Exercise	$0	-26.3K	-100%	$0.00^*	0	Jun 11, 2021	Class A Common Stock	26.3K	$8.69	Direct	F2
transaction	TLYS	Stock Option (Right to Buy)	Options Exercise	$0	-19.7K	-75%	$0.00	6.56K	Jun 11, 2021	Class A Common Stock	19.7K	$11.33	Direct	F2
transaction	TLYS	Stock Option (Right to Buy)	Options Exercise	$0	-12.5K	-50%	$0.00	12.5K	Jun 11, 2021	Class A Common Stock	12.5K	$11.41	Direct	F2
transaction	TLYS	Stock Option (Right to Buy)	Options Exercise	$0	-10K	-25%	$0.00	30K	Jun 11, 2021	Class A Common Stock	10K	$4.13	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $15.42 to $16.24. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price noted in this footnote.
F2	The option vests in four equal annual installments on each of the four anniversaries of the grant date, subject to the Reporting Person's continued employment with or service to the Issuer through the applicable vesting date.

Content

The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $15.42 to $16.24. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price noted in this footnote.

The option vests in four equal annual installments on each of the four anniversaries of the grant date, subject to the Reporting Person's continued employment with or service to the Issuer through the applicable vesting date.