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

Mar 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TILLY'S, INC. (TLYS)
CIK: 0001524025
Period of Report: 2021-03-19

Reporting Person: Smith Tricia D (EVP CMO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-19	Class A Common Stock	M	75000	$9.44	Acquired	75000	Direct
2021-03-19	Class A Common Stock	S	75000	$11.9953	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-19	Stock Option (Right to Buy)	$9.44	M	75000	Disposed	2029-09-30	Class A Common Stock (75000)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.66 to $12.16, 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 was subject to vesting 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. All 225,000 remaining unvested options were subsequently forfeited by the Reporting Person upon the Reporting Person's termination of service to the Issuer on March 19, 2021.