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
Filed: 8/28/2026ACC: 0001171843-26-005777
Officer· Chief Financial Officer
Since Apr 2021
-92.65K
Net shares
Net seller
$452.1K
Total sold
0
Open market trades
0B · 0S
6
Total transactions
168.45K acquired · 261.10K disposed
Non-Derivative Transactions4
Common Stock
Direct
Shares
+57.38K
Price / share
—
Trade value
—
% of position
41.1%
8/26/2026
139.75K→197.13K
Common Stock
Direct
Shares
−31.56K
Price / share
$4.88
Trade value
$154.01K
% of position
16.0%
8/26/2026
197.13K→165.57K
Common Stock
Direct
Shares
+111.07K
Price / share
—
Trade value
—
% of position
67.1%
8/26/2026
165.57K→276.65K
Common Stock
Direct
Shares
−61.09K
Price / share
$4.88
Trade value
$298.12K
% of position
22.1%
8/26/2026
276.65K→215.56K
Total
Net shares
+75.80K
Net value
-$452.13K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 8/26/2026 | M · Option Exercise | +57.38K | — | — | 41.1% | 139.75K | 197.13K |
| Common Stock Direct | 8/26/2026 | F · Tax Withholding | −31.56K | $4.88 | $154.01K | 16.0% | 197.13K | 165.57K |
| Common Stock Direct | 8/26/2026 | M · Option Exercise | +111.07K | — | — | 67.1% | 165.57K | 276.65K |
| Common Stock Direct | 8/26/2026 | F · Tax Withholding | −61.09K | $4.88 | $298.12K | 22.1% | 276.65K | 215.56K |
| Total | +75.80K | -$452.13K | ||||||
Derivative Transactions2
Performance Based Restricted Stock Units
Direct
Converts to
Common Stock
57.38K shares
Shares
−57.38K
Strike price
Held after
0.00
Exercisable
—
8/26/2026
Performance Based Restricted Stock Units
Direct
Converts to
Common Stock
111.07K shares
Shares
−111.07K
Strike price
Held after
0.00
Exercisable
—
8/26/2026
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Performance Based Restricted Stock Units Direct | Common Stock57.38K shares | 8/26/2026 | M · Option Exercise | −57.38K | — | 0.00 | |
| Performance Based Restricted Stock Units Direct | Common Stock111.07K shares | 8/26/2026 | M · Option Exercise | −111.07K | — | 0.00 |