Janet Kerr - Jul 5, 2023 Form 4 Insider Report for TILLY'S, INC. (TLYS)

Role
Director
Signature
/s/ Michael L. Henry, Attorney-in-Fact for Janet Kerr
Stock symbol
TLYS
Transactions as of
Jul 5, 2023
Transactions value $
-$72,061
Form type
4
Date filed
7/7/2023, 05:46 PM
Previous filing
Jun 30, 2023
Next filing
Aug 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLYS Class A Common Stock Sale -$72.1K -10.2K -30.63% $7.06 23.1K Jul 5, 2023 By Trust F1, F2, F3
holding TLYS Class A Common Stock 18.4K Jul 5, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 21, 2023 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.01 to $7.10, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F3 The shares of Class A Common Stock reported on the table above are held by the Janet Kerr Living Trust U/A DTD 07/16/2004, which qualifies as a revocable living trust, and of which Ms. Kerr is the Trustee.