Mark Scatterday - 15 Feb 2023 Form 3 Insider Report for TILT Holdings Inc. (TLLTF)

Role
10%+ Owner
Signature
/s/ Mark Scatterday
Issuer symbol
TLLTF
Transactions as of
15 Feb 2023
Net transactions value
$0
Form type
3
Filing time
27 Feb 2023, 15:15:22 UTC
Previous filing
21 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TLLTF Common Stock, no par value 1,300,000 15 Feb 2023 Direct

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
holding TLLTF Employee Stock Options (right to buy) 15 Feb 2023 Common stock, no par value 1,666,667 $0.6500 Direct F1, F2, F3
holding TLLTF LP Units of Jimmy Jang L.P. 15 Feb 2023 Common stock, no par value 27,182,540 $0.000000 See Footnote F4, F5
holding TLLTF Rights of TILT Holdings Inc. 15 Feb 2023 Common stock, no par value 27,182,540 $0.000000 See Footnote F4, F6
holding TLLTF Common Stock Warrants (right to buy) 15 Feb 2023 Common stock, no par value 45,539,951 $0.0708 See Footnote F7, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each option is exercisable for one share of common stock, no par value ("Common Stock"), of TILT Holdings Inc. (the "Issuer"). The options are fully vested.
F2 The options will expire on the earlier of (i) November 21, 2029 and (ii) the date that is three months after the termination of the Reporting Person's services to the Issuer.
F3 The exercise price of the options is expressed in Canadian dollars.
F4 Each LP unit ("Unit") of Jimmy Jang L.P. ("Jimmy Jang"), a subsidiary of the Issuer, is convertible together with one right ("Right") of the Issuer for one share of Common Stock at any time upon request of the Reporting Person.
F5 The Units are held by Mak One LLLP ("Mak One"), the partnership interests of which are owned 100% by the Reporting Person.
F6 The Rights are held by Mak One.
F7 The warrants were issued on February 15, 2023 and were immediately exercisable and expire on February 15, 2030.
F8 Each warrant is exercisable for one share of Common Stock.
F9 The warrants are held by Mak One.

Remarks:

Exhibit List: Exhibit 24.1 - Power of Attorney