SEC Form 4 · accession 0001209191-19-005427
Tilray Brands, Inc. · TLRY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward Wood Pastorius Jr.
Officer — Chief Revenue Officer
Period of report
Jan 23, 2019
Accepted (ET)
Jan 25, 2019 · 6:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001731348
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class 2 Common StockF1 | Jan 23, 2019 | M | 50,000 | — | A | 64,705 | D | |
| Class 2 Common Stock | Jan 24, 2019 | S | 20,578 | $74.2092 | D | 44,127 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Jan 23, 2019 | M | 50,000 | D | Jan 23, 2019 | — | Class 2 Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") converted into one shares of Class 2 Common Stock.
- F2The remaining RSUs will vest quarterly at a rate of 6.25% of the total number of RSUs on each quarterly anniversary of January 1, 2017 (the "Vesting Commencement Date") for so long as the Reporting Person remains in Continuous Service (as defined in the Company's 2018 Equity Incentive Plan), such that the total number of RSUs shall be fully vested on the four-year anniversary of the Vesting Commencement Date.