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Tilray Brands, Inc. — Director's Dealing 2019
Jan 26, 2019
31988_dirs_2019-01-25_c86a604f-0aee-4f80-84ce-77e811c51e84.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Tilray, Inc. (TLRY)
CIK: 0001731348
Period of Report: 2019-01-23
Reporting Person: Kennedy Brendan (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-01-23 | Class 2 Common Stock | M | 375000 | — | Acquired | 389706 | Direct |
| 2019-01-24 | Class 2 Common Stock | S | 149916 | $74.2092 | Disposed | 239790 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-01-23 | Restricted Stock Units | $ | M | 375000 | Disposed | Class 2 Common Stock (375000) | Direct |
Footnotes
F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class 2 Common Stock.
F2: The remaining RSUs will vest quarterly at a rate of 6.25% of the total number of RSUs on each quarterly anniversary of January 1, 2017 (the "Vesting Commencement Date") for so long as the Reporting Person remains in Continuous Service (as defined in the Company's 2018 Equity Incentive Plan), such that the total number of RSUs shall be fully vested on the four-year anniversary of the Vesting Commencement Date.