SIMON IRWIN D (President and CEO) exercised options at TILRAY BRANDS, INC.

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

M · 2 exercises

SIMON IRWIN D

Filed: 7/28/2023ACC: 0001171843-23-004791

InsiderSIMON IRWIN DCIK 922748

→

IssuerTILRAY BRANDS, INC.CIK 1731348

DirectorOfficer· President and CEO

Since Apr 2021

+6.65M

Net shares

Net buyer

$217.5K

Total sold

Open market trades

0B · 0S

Total transactions

6.95M acquired · 299.86K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+94.89K

Price / share

$1.93

Trade value

$183.14K

% of position

7.5%

7/26/2023

1.26M→1.36M

Common Stock

Direct

F · Tax Withholding

−52.48K

Price / share

$1.93

Trade value

$101.28K

% of position

3.9%

7/26/2023

1.36M→1.30M

Common Stock

Direct

M · Option Exercise

+98.19K

Price / share

$2.14

Trade value

$210.13K

% of position

7.5%

7/27/2023

1.30M→1.40M

Common Stock

Direct

F · Tax Withholding

−54.30K

Price / share

$2.14

Trade value

$116.21K

% of position

3.9%

7/27/2023

1.40M→1.35M

Total

Net shares

+86.31K

Net value

$175.79K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	7/26/2023	M · Option Exercise	+94.89K	$1.93	$183.14K	7.5%	1.26M	1.36M
Common Stock Direct	7/26/2023	F · Tax Withholding	−52.48K	$1.93	$101.28K	3.9%	1.36M	1.30M
Common Stock Direct	7/27/2023	M · Option Exercise	+98.19K	$2.14	$210.13K	7.5%	1.30M	1.40M
Common Stock Direct	7/27/2023	F · Tax Withholding	−54.30K	$2.14	$116.21K	3.9%	1.40M	1.35M
Total			+86.31K		$175.79K

Derivative Transactions4

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

Direct

M · Option Exercise

Converts to

Common Stock

94.89K shares

−94.89K

Strike price

Held after

0.00

Exercisable

—

7/26/2023

Performance-Based Restricted Stock Units

Direct

A · Award

Converts to

Common Stock

4.40M shares

+4.40M

Strike price

Held after

4.40M

Exercisable

—

7/26/2023

Restricted Stock Units

Direct

A · Award

Converts to

Common Stock

2.36M shares

+2.36M

Strike price

Held after

2.36M

Exercisable

—

7/26/2023

Restricted Stock Units ("2021 LTIP RSUs")

Direct

M · Option Exercise

Converts to

Common Stock

98.19K shares

−98.19K

Strike price

Held after

98.19K

Exercisable

—

7/27/2023

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Performance-Based Restricted Stock Units ("Synergy PSUs") Direct	Common Stock94.89K shares	7/26/2023	M · Option Exercise	−94.89K	—	0.00
Performance-Based Restricted Stock Units Direct	Common Stock4.40M shares	7/26/2023	A · Award	+4.40M	—	4.40M
Restricted Stock Units Direct	Common Stock2.36M shares	7/26/2023	A · Award	+2.36M	—	2.36M
Restricted Stock Units ("2021 LTIP RSUs") Direct	Common Stock98.19K shares	7/27/2023	M · Option Exercise	−98.19K	—	98.19K