MERTON CARL A (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 · 2 exercises

MERTON CARL A

Filed: 7/28/2022ACC: 0001171843-22-005150

InsiderMERTON CARL ACIK 1860546

→

IssuerTILRAY BRANDS, INC.CIK 1731348

Officer· Chief Financial Officer

Since Apr 2021

-394.51K

Net shares

Net seller

$71.5K

Total sold

Open market trades

0B · 0S

Total transactions

40.68K acquired · 435.19K disposed

Non-Derivative Transactions4

Class 2 Common Stock (2021 LTIP RSUs)

Direct

M · Option Exercise

+16.35K

Price / share

—

Trade value

—

% of position

7.2%

7/26/2022

228.05K→244.40K

Class 2 Common Stock (2021 LTIP RSUs)

Direct

F · Tax Withholding

−8.50K

Price / share

$3.38

Trade value

$28.73K

% of position

3.5%

7/26/2022

244.40K→235.90K

Class 2 Common Stock (Synergy PSUs)

Direct

M · Option Exercise

+24.33K

Price / share

—

Trade value

—

% of position

10.3%

7/26/2022

235.90K→260.23K

Class 2 Common Stock (Synergy PSUs)

Direct

F · Tax Withholding

−12.65K

Price / share

$3.38

Trade value

$42.76K

% of position

4.9%

7/26/2022

260.23K→247.58K

Total

Net shares

+19.52K

Net value

-$71.50K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class 2 Common Stock (2021 LTIP RSUs) Direct	7/26/2022	M · Option Exercise	+16.35K	—	—	7.2%	228.05K	244.40K
Class 2 Common Stock (2021 LTIP RSUs) Direct	7/26/2022	F · Tax Withholding	−8.50K	$3.38	$28.73K	3.5%	244.40K	235.90K
Class 2 Common Stock (Synergy PSUs) Direct	7/26/2022	M · Option Exercise	+24.33K	—	—	10.3%	235.90K	260.23K
Class 2 Common Stock (Synergy PSUs) Direct	7/26/2022	F · Tax Withholding	−12.65K	$3.38	$42.76K	4.9%	260.23K	247.58K
Total			+19.52K		-$71.50K

Derivative Transactions4

Restricted Stock Units ("2021 LTIP RSUs")

Direct

M · Option Exercise

Converts to

Class 2 Common Stock

16.35K shares

−16.35K

Strike price

Held after

16.35K

Exercisable

—

7/26/2022

Performance-Based Restricted Stock Units ("Synergy PSUs")

Direct

M · Option Exercise

Converts to

Class 2 Common Stock

24.33K shares

−24.33K

Strike price

Held after

24.33K

Exercisable

—

7/26/2022

Restricted Stock Units ("2022 LTIP RSUs")

Direct

A · Award

Converts to

Class 2 Common Stock

185.50K shares

−185.50K

Strike price

Held after

185.50K

Exercisable

—

7/26/2022

Performance-Based Restricted Stock Units ("2022 PSUs")

Direct

A · Award

Converts to

Class 2 Common Stock

187.85K shares

−187.85K

Strike price

Held after

187.85K

Exercisable

—

7/26/2022

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units ("2021 LTIP RSUs") Direct	Class 2 Common Stock16.35K shares	7/26/2022	M · Option Exercise	−16.35K	—	16.35K
Performance-Based Restricted Stock Units ("Synergy PSUs") Direct	Class 2 Common Stock24.33K shares	7/26/2022	M · Option Exercise	−24.33K	—	24.33K
Restricted Stock Units ("2022 LTIP RSUs") Direct	Class 2 Common Stock185.50K shares	7/26/2022	A · Award	−185.50K	—	185.50K
Performance-Based Restricted Stock Units ("2022 PSUs") Direct	Class 2 Common Stock187.85K shares	7/26/2022	A · Award	−187.85K	—	187.85K