Nathan Michael Smith - 26 Feb 2026 Form 4 Insider Report for TILLY'S, INC. (TLYS)

Role
The Reporting Person is President and Chief Executive Officer., Director
Signature
/s/ Michael L. Henry, Attorney-in-Fact for Nathan Michael Smith
Issuer symbol
TLYS
Transactions as of
26 Feb 2026
Net transactions value
$0
Form type
4
Filing time
02 Mar 2026, 18:37:31 UTC
Previous filing
17 Sep 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Smith Nathan Michael The Reporting Person is President and Chief Executive Officer., Director C/O TILLY'S INC., 10 WHATNEY, IRVINE /s/ Michael L. Henry, Attorney-in-Fact for Nathan Michael Smith 02 Mar 2026 0002083540

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) Disposed to Issuer $0 +900,000 $0.000000 0 26 Feb 2026 Class A Common Stock 900,000 $1.99 Direct F1, F2
transaction TLYS Stock Option (Right to Buy) Award $0 +900,000 $0.000000 900,000 26 Feb 2026 Class A Common Stock 900,000 $1.99 Direct F2
transaction TLYS Stock Option (Right to Buy) Disposed to Issuer $0 +900,000 $0.000000 0 26 Feb 2026 Class A Common Stock 900,000 $1.99 Direct F1, F3
transaction TLYS Stock Option (Right to Buy) Award $0 +900,000 $0.000000 900,000 26 Feb 2026 Class A Common Stock 900,000 $1.99 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options were canceled by mutual agreement of the reporting person and issuer for no consideration.
F2 The options vest over four years, with the first 25% of the grant vesting on September 8, 2026, and monthly vestings of 18,750 options thereafter through September 8, 2029, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
F3 Represents an award of performance-based options that will vest upon the satisfaction of both performance and service-based requirements. The options may be earned based upon the performance of the Company's stock price during the applicable performance period through the 10-year life of the option ending on September 8, 2035. The quantity reported represents the maximum quantity of shares subject to the option that may vest and become exercisable. As such, fewer shares subject to the option may ultimately be earned based on actual results over the performance period. The earned portion of the option will satisfy the service-based requirement on August 18, 2026, subject to continued service with the Company.

Remarks:

The Reporting Person is President and Chief Executive Officer.