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

Role: President and CEO, Director
Signature: /s/ Michael L. Henry, Attorney-in-Fact for Edmond Thomas
Issuer symbol: TLYS
Transactions as of: 11 Jun 2021
Net transactions value: -$1,949,160
Form type: 4
Filing time: 15 Jun 2021, 17:23:09 UTC
Next filing: 02 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TLYS	Class A Common Stock	Options Exercise	$1,212,000	+200,000	+3333%	$6.06	206,000	11 Jun 2021	Direct
transaction	TLYS	Class A Common Stock	Sale	$3,161,160	-200,000	-97%	$15.81	6,000	11 Jun 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	-200,000	-50%	$0.000000	200,000	11 Jun 2021	Class A Common Stock	200,000	$6.06	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. These shares were sold in multiple transactions at prices ranging from $15.42 to $16.24, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F2	The option vested 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. These shares were sold in multiple transactions at prices ranging from $15.42 to $16.24, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

The option vested 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.