Hezy Shaked - 23 Jun 2021 Form 4 Insider Report for TILLY'S, INC. (TLYS)

Role
The Reporting Person is Executive Chairman and Chief Strategy Officer., Director, 10%+ Owner
Signature
/s/ Michael L. Henry, Attorney-in-Fact for Hezy Shaked
Issuer symbol
TLYS
Transactions as of
23 Jun 2021
Net transactions value
-$688,975
Form type
4
Filing time
25 Jun 2021, 17:01:31 UTC
Previous filing
16 Jun 2021
Next filing
24 Mar 2022
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 $0 +23,000 +38% $0.000000 83,000 23 Jun 2021 Direct
transaction TLYS Class A Common Stock Options Exercise $0 +18,750 +23% $0.000000 101,750 23 Jun 2021 Direct
transaction TLYS Class A Common Stock Sale $688,975 -41,750 -41% $16.50 60,000 23 Jun 2021 Direct F1, F2

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 -23,000 -48% $0.000000 25,000 23 Jun 2021 Class A Common Stock 23,000 $11.41 Direct F3
transaction TLYS Stock Option (Right to Buy) Options Exercise $0 -18,750 -25% $0.000000 56,250 23 Jun 2021 Class A Common Stock 18,750 $4.13 Direct F3
* 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 sold in multiple transactions at prices ranging from $16.27 to $16.87, inclusive. 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 sold at each separate price within the range set forth in this footnote.
F2 The shares reported herein are held by The Hezy Shaked Living Trust under which the Reporting Person is trustee and beneficiary.
F3 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.

Remarks:

The Reporting Person is Executive Chairman and Chief Strategy Officer.