Tilray Brands, Inc. — Director's Dealing 2022

May 4, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Tilray Brands, Inc. (TLRY)
CIK: 0001731348
Period of Report: 2022-05-02

Reporting Person: Herhalt Johann Michael (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-02	Class 2 Common Stock	M	6225	—	Acquired	6225	Direct
2022-05-02	Class 2 Common Stock	F	3175	$5.01	Disposed	3050	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-05-02	Restricted Stock Units	$	M	6225	Disposed		Class 2 Common Stock (6225)	Direct

Footnotes

F1: RSUs convert into shares of Tilray Class 2 Common Stock on a one-for-one basis.

F2: Represents shares sold via settlement on a sell-to-cover basis to meet the reporting person's tax withholding obligations upon vesting of RSUs granted on April 29, 2019.

F3: Each restricted stock unit represents a contingent right to receive one (1) share of Tilray Brands, Inc. Class 2 Common Stock.

F4: All of the RSUs were fully vested and settled as of April 29, 2022.