KRUTECK MICHAEL C. (Chief Financial Officer) exercised options at TILRAY BRANDS, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

KRUTECK MICHAEL C.

Filed: 5/17/2021ACC: 0001140361-21-017660

InsiderKRUTECK MICHAEL C.CIK 1800864

→

IssuerTILRAY BRANDS, INC.CIK 1731348

Officer· Chief Financial Officer

Since Mar 2020

-72.25K

Net shares

Net seller

$1.23M

Total sold

Open market trades

0B · 0S

Total transactions

148.97K acquired · 221.22K disposed

Non-Derivative Transactions6

Class 2 Common Stock

Direct

M · Option Exercise

+29.14K

Price / share

—

Trade value

—

% of position

60.2%

4/30/2021

48.43K→77.57K

Class 2 Common Stock

Direct

F · Tax Withholding

−14.13K

Price / share

$16.99

Trade value

$240.14K

% of position

18.2%

4/30/2021

77.57K→63.44K

Class 2 Common Stock

Direct

M · Option Exercise

+66.64K

Price / share

—

Trade value

—

% of position

105.0%

4/30/2021

63.44K→130.08K

Class 2 Common Stock

Direct

F · Tax Withholding

−32.32K

Price / share

$16.99

Trade value

$549.08K

% of position

24.8%

4/30/2021

130.08K→97.76K

Class 2 Common Stock

Direct

M · Option Exercise

+53.19K

Price / share

—

Trade value

—

% of position

54.4%

4/30/2021

97.76K→150.95K

Class 2 Common Stock

Direct

F · Tax Withholding

−25.80K

Price / share

$16.99

Trade value

$438.27K

% of position

17.1%

4/30/2021

150.95K→125.16K

Total

Net shares

+76.73K

Net value

-$1.23M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class 2 Common Stock Direct	4/30/2021	M · Option Exercise	+29.14K	—	—	60.2%	48.43K	77.57K
Class 2 Common Stock Direct	4/30/2021	F · Tax Withholding	−14.13K	$16.99	$240.14K	18.2%	77.57K	63.44K
Class 2 Common Stock Direct	4/30/2021	M · Option Exercise	+66.64K	—	—	105.0%	63.44K	130.08K
Class 2 Common Stock Direct	4/30/2021	F · Tax Withholding	−32.32K	$16.99	$549.08K	24.8%	130.08K	97.76K
Class 2 Common Stock Direct	4/30/2021	M · Option Exercise	+53.19K	—	—	54.4%	97.76K	150.95K
Class 2 Common Stock Direct	4/30/2021	F · Tax Withholding	−25.80K	$16.99	$438.27K	17.1%	150.95K	125.16K
Total			+76.73K		-$1.23M

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class 2 Common Stock

29.14K shares

−29.14K

Strike price

Held after

0.00

Exercisable

—

4/30/2021

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class 2 Common Stock

66.64K shares

−66.64K

Strike price

Held after

0.00

Exercisable

—

4/30/2021

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class 2 Common Stock

53.19K shares

−53.19K

Strike price

Held after

0.00

Exercisable

—

4/30/2021

Security	Converts To	Date	Type	Shares	Exercisable
Restricted Stock Units Direct	Class 2 Common Stock29.14K shares	4/30/2021	M · Option Exercise	−29.14K	—
Restricted Stock Units Direct	Class 2 Common Stock66.64K shares	4/30/2021	M · Option Exercise	−66.64K	—
Restricted Stock Units Direct	Class 2 Common Stock53.19K shares	4/30/2021	M · Option Exercise	−53.19K	—