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Tilray Brands, Inc. — Director's Dealing 2021
May 6, 2021
31988_dirs_2021-05-05_08119b35-083f-440c-9d40-6779cf84d2cf.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: 2021-04-30
Reporting Person: Merton Carl A (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-04-30 | Employee Stock Option (Right to Buy) | $14.2 | A | 41500 | Acquired | 2021-06-01 | Class 2 Common Stock (41500) | Direct |
| 2021-04-30 | Restricted Stock Units | $ | A | 20750 | Acquired | Class 2 Common Stock (20750) | Direct | |
| 2021-04-30 | Restricted Stock Units | $ | A | 23089 | Acquired | Class 2 Common Stock (23089) | Direct | |
| 2021-04-30 | Restricted Stock Units | $ | A | 96628 | Acquired | Class 2 Common Stock (96628) | Direct | |
| 2021-04-30 | Restricted (Deferred) Stock Units | $ | A | 18260 | Acquired | Class 2 Common Stock (18260) | Direct |
Footnotes
F1: 100% of the options are vested.
F2: Each restricted stock unit represents a contingent right to receive one share of Tilray, Inc. Class 2 Common Stock.
F3: 100% of the restricted stock units are vested.
F4: Subject to the Reporting Person's continuing service with the Company, 50% of the restricted stock units vested on August 7, 2020 with the remaining 50% vesting on August 7, 2021.
F5: Subject to the Reporting Person's continuing service with the Company, 50% of the restricted stock units will vest on August 12, 2021 with the remaining 50% vesting on August 12, 2022.
F6: Each restricted (deferred) stock unit is the economic equivalent of one share of Tilray, Inc. Class 2 Common Stock.
F7: The restricted (deferred) stock units are fully vested; however, the restricted (deferred) stock units will be held for the account of the Reporting Person and may not be converted into shares of Tilray, Inc. until the Reporting Person ceases to serve as a director of the Company, or at such time as otherwise elected in accordance with the terms of the applicable award agreement. Upon settlement, one share of Tilray, Inc. Class 2 Common Stock will be delivered for each restricted (deferred) stock unit held.