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Tilray Brands, Inc. — Director's Dealing 2024
Jul 31, 2024
31988_dirs_2024-07-30_74586008-6f02-43ee-80e8-01399088e76f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Tilray Brands, Inc. (TLRY)
CIK: 0001731348
Period of Report: 2024-07-26
Reporting Person: FALTISCHEK DENISE M (Chief Strategy Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-07-26 | Common Stock | M | 12166 | $1.83 | Acquired | 495929 | Direct |
| 2024-07-26 | Common Stock | F | 6212 | $1.83 | Disposed | 489717 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-07-26 | Performance-Based Restricted Stock Units ("2021 PSUs") | $ | M | 12166 | Disposed | Common Stock (12166) | Direct | |
| 2024-07-30 | Restricted Stock Units | $ | A | 522388 | Acquired | Common Stock (522388) | Direct |
Footnotes
F1: On July 26, 2021, the reporting person was granted 48,662 of 2021 PSUs, with vesting subject to the achievement of certain pre-established performance parameters relating to the achievement of Tilray's synergy goals resulting from the integration of Aphria, Inc. The underlying performance condition was satisfied, and an amount equal to 25% of these 2021 PSUs vested (12,166) on July 26, 2024.
F2: Amount includes shares of Common Stock beneficially owned by the reporting person but excludes other unvested RSUs or PSUs.
F3: Represents shares withheld by the Company to satisfy the tax withholding obligation associated with the vesting of 12,166 2021 PSUs previously granted on June 26, 2021.
F4: Each unit represents a contingent right to receive one (1) share of Tilray Common Stock.
F5: Each restricted stock unit ("RSU") represents a contingent right to receive one (1) share of Common Stock. Grant date is based on close of trading on July 30, 2024.
F6: Subject to the reporting person's continuous employment through the vesting date, the 2024 LTIP RSUs shall vest in two (2) equal annual installments, commencing on July 26, 2025, and July 26, 2026, except in the case of the reporting person's earlier voluntary resignation, death or disability. In the event of a voluntary resignation by the reporting person prior to the vesting date, all RSUs will be forfeited.