Tilray Brands, Inc. — Director's Dealing 2021

Aug 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Tilray, Inc. (TLRY)
CIK: 0001731348
Period of Report: 2021-08-19

Reporting Person: Merton Carl A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-19	Class 2 Common Stock	M	96628	—	Acquired	270454	Direct
2021-08-19	Class 2 Common Stock	F	50247	$12.68	Disposed	220207	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-19	Restricted Stock Units	$	M	96628	Disposed		Class 2 Common Stock (96628)	Direct

Footnotes

F1: These shares were retained by Tilray, Inc. ("Tilray") via settlement on a net withholding basis in order to meet the tax withholding obligations of the reporting person in connection with the vesting of an installment of restricted stock units ("RSUs") granted to the reporting person on August 12, 2020. None of these shares were sold in an open market transaction.

F2: RSUs convert into shares of Tilray Class 2 Common Stock on a one-for-one basis.

F3: On August 12, 2020, the reporting person was granted 96,628 RSUs, 50% of which were scheduled to vest on August 12, 2021, with the remaining 50% scheduled to vest on August 12, 2022. On August 19, 2021, the Compensation Committee of Tilray's Board of Directors accelerated the vesting of the remaining unvested RSUs.