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: 7/28/2023ACC: 0001171843-23-004790

InsiderMERTON CARL ACIK 1860546

→

IssuerTILRAY BRANDS, INC.CIK 1731348

Officer· Chief Financial Officer

Since Apr 2021

+952.96K

Net shares

Net buyer

$27.6K

Total sold

Open market trades

0B · 0S

Total transactions

995.78K acquired · 42.82K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+16.35K

Price / share

$1.93

Trade value

$31.55K

% of position

5.1%

7/26/2023

322.49K→338.84K

Common Stock

Direct

F · Tax Withholding

−8.20K

Price / share

$1.93

Trade value

$15.83K

% of position

2.4%

7/26/2023

338.84K→330.64K

Common Stock

Direct

M · Option Exercise

+12.17K

Price / share

$1.93

Trade value

$23.48K

% of position

3.7%

7/26/2023

330.64K→342.80K

Common Stock

Direct

F · Tax Withholding

−6.10K

Price / share

$1.93

Trade value

$11.78K

% of position

1.8%

7/26/2023

342.80K→336.70K

Total

Net shares

+14.21K

Net value

$27.42K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	7/26/2023	M · Option Exercise	+16.35K	$1.93	$31.55K	5.1%	322.49K	338.84K
Common Stock Direct	7/26/2023	F · Tax Withholding	−8.20K	$1.93	$15.83K	2.4%	338.84K	330.64K
Common Stock Direct	7/26/2023	M · Option Exercise	+12.17K	$1.93	$23.48K	3.7%	330.64K	342.80K
Common Stock Direct	7/26/2023	F · Tax Withholding	−6.10K	$1.93	$11.78K	1.8%	342.80K	336.70K
Total			+14.21K		$27.42K

Derivative Transactions4

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

Direct

M · Option Exercise

Converts to

Common Stock

16.35K shares

−16.35K

Strike price

Held after

0.00

Exercisable

—

7/26/2023

Restricted Stock Units ("2021 LTIP RSUs")

Direct

M · Option Exercise

Converts to

Common Stock

12.17K shares

−12.17K

Strike price

Held after

12.17K

Exercisable

—

7/26/2023

Performance-Based Restricted Stock Units

Direct

A · Award

Converts to

Common Stock

627.20K shares

+618.31K

Strike price

Held after

627.20K

Exercisable

—

7/26/2023

Restricted Stock Units

Direct

A · Award

Converts to

Common Stock

498.70K shares

+348.95K

Strike price

Held after

498.70K

Exercisable

—

7/26/2023

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Performance-Based Restricted Stock Units ("Synergy PSUs") Direct	Common Stock16.35K shares	7/26/2023	M · Option Exercise	−16.35K	—	0.00
Restricted Stock Units ("2021 LTIP RSUs") Direct	Common Stock12.17K shares	7/26/2023	M · Option Exercise	−12.17K	—	12.17K
Performance-Based Restricted Stock Units Direct	Common Stock627.20K shares	7/26/2023	A · Award	+618.31K	—	627.20K
Restricted Stock Units Direct	Common Stock498.70K shares	7/26/2023	A · Award	+348.95K	—	498.70K