TILLY'S, INC. — Director's Dealing 2021

Jun 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TILLY'S, INC. (TLYS)
CIK: 0001524025
Period of Report: 2021-06-23

Reporting Person: SHAKED HEZY (Director, See Remarks, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-23	Class A Common Stock	M	23000	$0.00	Acquired	83000	Direct
2021-06-23	Class A Common Stock	M	18750	$0.00	Acquired	101750	Direct
2021-06-23	Class A Common Stock	S	41750	$16.5024	Disposed	60000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-23	Stock Option (Right to Buy)	$11.41	M	23000	Disposed	2029-03-19	Class A Common Stock (23000)	Direct
2021-06-23	Stock Option (Right to Buy)	$4.13	M	18750	Disposed	2030-03-31	Class A Common Stock (18750)	Direct

Footnotes

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.