Tilray Brands, Inc. — Director's Dealing 2026

Jan 8, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Tilray Brands, Inc. (TLRY)
CIK: 0001731348
Period of Report: 2026-01-07

Reporting Person: Cohen Steven Michael (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-01-07	Common Stock	M	12438	$8.99	Acquired	12438	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-01-07	Restricted Stock Units	$	M	12438	Disposed		Common Stock (12438)	Direct

Footnotes

F1: On January 7, 2026, a total of 12,438 Restricted Stock Units ("RSUs") vested. Each RSU represents a contingent right to receive one (1) share of Tilray Common Stock.

F2: Effective December 2, 2025, Tilray implemented a 1-for-10 reverse stock split (the "Reverse Stock Split") of its outstanding shares of Common Stock. All RSUs and listed securities amounts have been adjusted to reflect the Reverse Stock Split.

F3: Each RSU represents a contingent right to receive one (1) share of Tilray Common Stock.