Tilray Brands, Inc. — Director's Dealing 2021

May 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Tilray, Inc. (TLRY)
CIK: 0001731348
Period of Report: 2021-05-14

Reporting Person: Merton Carl A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-14	Class 2 Common Stock	M	41500	$11.56	Acquired	210605	Direct
2021-05-14	Class 2 Common Stock	F	36779	$13.93	Disposed	173826	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-14	Employee Stock Option (right to buy)	$11.56	M	41500	Disposed	2021-06-01	Class 2 Common Stock (41500)	Direct

Footnotes

F1: This amount represents the total amount of shares withheld to pay the option exercise price and the reporting person's tax obligations incurred in connection with the exercise of the stock option.