AI assistant
Tilray Brands, Inc. — Director's Dealing 2020
Apr 4, 2020
31988_dirs_2020-04-03_78243881-5947-48af-b9bf-e211b207486c.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Tilray, Inc. (TLRY)
CIK: 0001731348
Period of Report: 2020-04-01
Reporting Person: Kennedy Brendan (Director, President and CEO, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-04-01 | Class 2 Common Stock | M | 46875 | — | Acquired | 4643208 | Direct |
| 2020-04-01 | Class 2 Common Stock | F | 11415 | $5.90 | Disposed | 4631793 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-04-01 | Restricted Stock Units | $ | M | 46875 | Disposed | Class 2 Common Stock (46875) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class 2 Common Stock | 76414 | Indirect |
| Class 2 Common Stock | 0 | Indirect |
Footnotes
F1: Each restricted stock unit ("RSU") converted into one share of Class 2 Common Stock.
F2: Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligations in connection with the vesting of the RSU.
F3: The Reporting Person is the sole member of Skyline & Mayfair LLC and has sole voting and investment power with respect to the shares held by Skyline & Mayfair LLC.
F4: Previously filed Form 4s reported indirect ownership of the shares held directly by The Kennedy Family 2016 Irrevocable Trust UTD December 1, 2016, which is a trust established for the benefit of the Reporting Person's minor children. The Reporting Person has no investment control over these securities, disclaims beneficial ownership of these securities, and will no longer report these securities on the Reporting Person's Form 4s.
F5: 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.