Tilray director Clanachan exercises RSUs, receives new grant
Tilray Brands, Inc. director David F. Clanachan reported equity compensation activity on July 29, 2026.
Rhea-AI Filing Summary
Tilray Brands, Inc. director David F. Clanachan reported equity compensation activity on July 29, 2026. A total of 43,104 RSUs vested, delivering an equal number of common shares, while 21,552 shares were withheld at $3.99 per share to cover tax obligations. He also received a new grant of 62,657 RSUs, which vest in one year subject to continuous service, with accelerated vesting only upon death or disability and forfeiture upon voluntary resignation. All share amounts reflect Tilray’s prior 1-for-10 reverse stock split effective December 2, 2025.
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Insider Trade Summary
43,104 shares exercised/converted
Exercise
4 txns
Insider
Clanachan David F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F5, F2, F6 | 43,104 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F5 | 62,657 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2, F3 | 43,104 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F4, F3 | 21,552 | $3.99 | $86K |
Holdings After Transaction:
Restricted Stock Units — 62,657 contracts (Direct);
Common Stock — 192,511 shares (Direct)
Footnotes (6)
- F1. On July 29, 2026, a total of 43,104 restricted stock units ("RSUs") vested. Each RSU represents a contingent right to receive one (1) share of Tilray Common Stock.
- F2. Effective December 2, 2025, Tilray implemented a 1-for-10 reverse stock split (the "Reverse Stock Split") of its outstanding shares of Common Stock. All RSUs and listed securities amounts have been adjusted to reflect the Reverse Stock Split.
- F3. Amount includes shares of Common Stock beneficially owned by the reporting person, but excludes other unvested RSUs.
- F4. Represents shares withheld by the Company to satisfy the tax withholding obligation associated with the vesting of 43,104 LTIP RSUs previously granted on July 30, 2025
- F5. Each restricted stock unit represents a contingent right to receive one (1) share of Tilray Common Stock.
- F6. Subject to the reporting person's continuous service, the restricted stock units shall vest one year from the date of grant, with accelerated vesting solely upon death or disability prior to such date. In the event of a voluntary resignation by the reporting person prior to the vesting date, all restricted stock units will be forfeited.
Key Figures
RSUs vested: 43,104 RSUs
Common shares from RSU vesting: 43,104 shares
Shares withheld for taxes: 21,552 shares
+3 more
6 metrics
RSUs vested
43,104 RSUs
Restricted stock units vested on July 29, 2026; each represents one Tilray common share
Common shares from RSU vesting
43,104 shares
Common stock acquired upon vesting of 43,104 RSUs on July 29, 2026
Shares withheld for taxes
21,552 shares
Shares withheld by Tilray to satisfy tax withholding obligation at vesting of LTIP RSUs
Tax withholding price
$3.99 per share
Price per share used for withholding 21,552 shares to cover tax obligations
New RSU grant
62,657 RSUs
Restricted stock units granted to director, vesting one year from grant date
Reverse stock split ratio
1-for-10
Reverse split of Tilray common stock effective December 2, 2025
Key Terms
Restricted Stock Units, Reverse Stock Split, beneficially owned, tax withholding obligation, +1 more
5 terms
Restricted Stock Units financial
"a total of 43,104 restricted stock units ("RSUs") vested"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Reverse Stock Split financial
"Tilray implemented a 1-for-10 reverse stock split (the "Reverse Stock Split")"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
beneficially owned financial
"Amount includes shares of Common Stock beneficially owned by the reporting person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
tax withholding obligation financial
"shares withheld by the Company to satisfy the tax withholding obligation"
LTIP RSUs financial
"vesting of 43,104 LTIP RSUs previously granted on July 30, 2025"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider stock activity did Tilray Brands (TLRY) director David F. Clanachan report?
Director David F. Clanachan reported 43,104 RSUs vesting into common stock and a new grant of 62,657 RSUs on July 29, 2026. Part of the vested shares was withheld to satisfy related tax obligations.
How many Tilray (TLRY) restricted stock units vested for director Clanachan?
On July 29, 2026, 43,104 RSUs vested for director David F. Clanachan, each representing one share of Tilray common stock. These units were adjusted to reflect the company’s 1-for-10 reverse stock split effective December 2, 2025.
What new RSU award did Tilray (TLRY) grant to director Clanachan?
David F. Clanachan received a new award of 62,657 RSUs, each representing one Tilray share. These RSUs vest one year from the grant date, subject to continuous service, with accelerated vesting only upon death or disability and forfeiture upon voluntary resignation.
How does Tilray’s reverse stock split affect the Form 4 figures for TLRY?
Tilray implemented a 1-for-10 reverse stock split effective December 2, 2025. All RSU and share amounts in the reported transactions have been adjusted to reflect this reverse split, so no further conversion is required by investors.
Were the Tilray (TLRY) transactions routine tax withholdings or open-market sales?
The disposition of 21,552 shares was reported under code F as shares withheld by the company to satisfy tax withholding obligations related to RSU vesting, rather than as an open-market sale transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
