SEC Form 4 · accession 0001209191-18-049651
Tilray Brands, Inc. · TLRY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brendan Kennedy
Officer — President and CEO · Director
Period of report
Aug 31, 2018
Accepted (ET)
Sep 5, 2018 · 6:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001731348
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1 | $65.20 | Aug 31, 2018 | A | 343,735 | A | — | Aug 30, 2028 | Class 2 Common Stock | 343,735 | 343,735 | D |
Explanation of responses
- F1The option shall vest at the rate of 25% of the shares on the twelve (12) month anniversary of August 6, 2018 (the "Vesting Commencement Date"), and the remaining option shares will vest monthly thereafter at the rate of 1/48 of the total number of shares on each monthly anniversary of the Vesting Commencement Date thereafter for so long as the recipient of the option remains in Continuous Service (as defined in the Issuer's 2018 Equity Incentive Plan), such that the total number of shares shall be fully vested on the four-year anniversary of the Vesting Commencement Date.