Michael Kruteck - Apr 30, 2021 Form 4 Insider Report for Tilray, Inc. (TLRY)

Role
Chief Financial Officer
Signature
/s/ Michael Kruteck
Stock symbol
TLRY
Transactions as of
Apr 30, 2021
Transactions value $
-$1,227,494
Form type
4
Date filed
5/17/2021, 04:15 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLRY Class 2 Common Stock Options Exercise +29.1K +60.18% 77.6K Apr 30, 2021 Direct F1
transaction TLRY Class 2 Common Stock Tax liability -$240K -14.1K -18.22% $16.99* 63.4K Apr 30, 2021 Direct
transaction TLRY Class 2 Common Stock Options Exercise +66.6K +105.05% 130K Apr 30, 2021 Direct F1
transaction TLRY Class 2 Common Stock Tax liability -$549K -32.3K -24.85% $16.99* 97.8K Apr 30, 2021 Direct
transaction TLRY Class 2 Common Stock Options Exercise +53.2K +54.41% 151K Apr 30, 2021 Direct F1
transaction TLRY Class 2 Common Stock Tax liability -$438K -25.8K -17.09% $16.99* 125K Apr 30, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TLRY Restricted Stock Units Options Exercise $0 -29.1K -100% $0.00* 0 Apr 30, 2021 Class 2 Common Stock 29.1K Direct F1, F2
transaction TLRY Restricted Stock Units Options Exercise $0 -66.6K -100% $0.00* 0 Apr 30, 2021 Class 2 Common Stock 66.6K Direct F1, F2
transaction TLRY Restricted Stock Units Options Exercise $0 -53.2K -100% $0.00* 0 Apr 30, 2021 Class 2 Common Stock 53.2K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michael Kruteck is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Restricted Stock Units ("RSUs") convert into shares of Tilray, Inc. Class 2 Common Stock on a one-for-one basis.
F2 RSUs granted to the reporting person were accelerated and became fully vested on April 30, 2021.