Tilray Brands, Inc. — Director's Dealing 2020

Mar 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Tilray, Inc. (TLRY)
CIK: 0001731348
Period of Report: 2020-03-18

Reporting Person: Pucher Andrew (Chief Corporate Dev Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-18	Class 2 Common Stock	M	30024	—	Acquired	30024	Direct
2020-03-18	Class 2 Common Stock	F	16072	$2.47	Disposed	13952	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-18	Restricted Stock Units	$	M	30024	Disposed		Class 2 Common Stock (30024)	Direct

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 Form 3 filed on August 14, 2019 reported the Vesting Commencement Date of May 16 ,2019, which was amended to be March 18, 2019, the Reporting Person's hire date, (the "Vest Date"), such that the RSUs shall vest at the rate of 33.36% of the RSUs on the twelve (12) month anniversary of the Vesting Date, and the remaining RSUs will vest quarterly thereafter at the rate of 8.33% of the total number of RSUs on each quarterly anniversary of the Vesting Date thereafter 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 three-year anniversary of the Vesting Date.