TILLY'S, INC. — Director's Dealing 2026

Mar 3, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TILLY'S, INC. (TLYS)
CIK: 0001524025
Period of Report: 2026-02-26

Reporting Person: Smith Nathan Michael (Director, See Remarks)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-26	Stock Option (Right to Buy)	$1.99	D	900000	Acquired	2035-09-08	Class A Common Stock (900000)	Direct
2026-02-26	Stock Option (Right to Buy)	$1.99	A	900000	Acquired	2035-09-08	Class A Common Stock (900000)	Direct
2026-02-26	Stock Option (Right to Buy)	$1.99	D	900000	Acquired	2035-09-08	Class A Common Stock (900000)	Direct
2026-02-26	Stock Option (Right to Buy)	$1.99	A	900000	Acquired	2035-09-08	Class A Common Stock (900000)	Direct

Footnotes

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.