STOCK TITAN

[Form 4] Tilray Brands, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Positive)
Form Type
4
Rhea-AI Filing Summary

Tilray Brands (TLRY) director David G. Hopkinson reported two equity-compensation transactions. On 29 Jul 2025 he received 431,034 new restricted stock units (RSUs); these cliff-vest one year from grant, with accelerated vesting only on death or disability and full forfeiture upon voluntary resignation before that date. On 30 Jul 2025 a prior RSU award vested, converting 124,378 units into common shares via an “M” code (derivative conversion) at an indicated price of $0.61 per share.

After the transactions Hopkinson directly holds 335,563 common shares and 431,034 unvested RSUs; no derivative balance remains from the vested grant. The Form 4 shows no open-market purchases or sales, suggesting these are routine director compensation events rather than directional trades.

Il direttore di Tilray Brands (TLRY), David G. Hopkinson, ha riportato due operazioni di compensazione azionaria. Il 29 luglio 2025 ha ricevuto 431.034 nuove unità azionarie vincolate (RSU); queste si consolidano completamente dopo un anno dalla concessione, con consolidamento accelerato solo in caso di morte o invalidità e completa perdita in caso di dimissioni volontarie prima di tale data. Il 30 luglio 2025 un precedente premio RSU è maturato, convertendo 124.378 unità in azioni ordinarie tramite un codice “M” (conversione derivata) al prezzo indicato di 0,61 $ per azione.

Dopo queste operazioni, Hopkinson detiene direttamente 335.563 azioni ordinarie e 431.034 RSU non maturate; non rimane alcun saldo derivato dal premio maturato. Il modulo Form 4 non mostra acquisti o vendite sul mercato aperto, suggerendo che si tratti di eventi di compensazione ordinari per il direttore piuttosto che di operazioni speculative.

El director de Tilray Brands (TLRY), David G. Hopkinson, reportó dos transacciones de compensación en acciones. El 29 de julio de 2025 recibió 431,034 nuevas unidades restringidas de acciones (RSU); estas se consolidan completamente después de un año desde la concesión, con consolidación acelerada solo en caso de muerte o discapacidad y pérdida total en caso de renuncia voluntaria antes de esa fecha. El 30 de julio de 2025 un premio previo de RSU se consolidó, convirtiendo 124,378 unidades en acciones comunes mediante un código “M” (conversión derivada) a un precio indicado de $0.61 por acción.

Tras estas transacciones, Hopkinson posee directamente 335,563 acciones comunes y 431,034 RSU no consolidadas; no queda saldo derivado del premio consolidado. El Formulario 4 no muestra compras o ventas en el mercado abierto, lo que sugiere que estos son eventos rutinarios de compensación para el director y no operaciones especulativas.

Tilray Brands(TLRY)의 이사 David G. Hopkinson는 두 건의 주식 보상 거래를 보고했습니다. 2025년 7월 29일431,034개의 신규 제한 주식 단위(RSU)를 받았으며, 이는 부여일로부터 1년 후에 전부 권리 확정되며, 사망 또는 장애 시에만 권리 확정이 가속화되고 그 이전 자발적 사임 시에는 전액 몰수됩니다. 2025년 7월 30일에는 이전에 부여된 RSU가 권리 확정되어 124,378 단위“M” 코드(파생 변환)를 통해 보통주로 전환되었으며, 주당 $0.61의 가격이 표시되었습니다.

이 거래 이후 Hopkinson은 직접 보통주 335,563주권리 확정 전 RSU 431,034주를 보유하고 있으며, 권리 확정된 부여에서 파생 잔액은 남아 있지 않습니다. Form 4에는 시장 내 매매 기록이 없으며, 이는 이 거래들이 방향성 매매가 아닌 이사 보상 관련 일상적인 거래임을 시사합니다.

Le directeur de Tilray Brands (TLRY), David G. Hopkinson, a déclaré deux opérations de rémunération en actions. Le 29 juillet 2025, il a reçu 431 034 nouvelles unités d’actions restreintes (RSU) ; celles-ci deviennent pleinement acquises un an après l’attribution, avec une acquisition accélérée uniquement en cas de décès ou d’invalidité, et une perte totale en cas de démission volontaire avant cette date. Le 30 juillet 2025, une attribution RSU antérieure a acquis ses droits, convertissant 124 378 unités en actions ordinaires via un code « M » (conversion dérivée) au prix indiqué de 0,61 $ par action.

Après ces opérations, Hopkinson détient directement 335 563 actions ordinaires et 431 034 RSU non acquises ; aucun solde dérivé ne subsiste de l’attribution acquise. Le formulaire 4 ne montre aucun achat ou vente sur le marché ouvert, ce qui suggère qu’il s’agit d’événements de rémunération habituels pour le directeur plutôt que de transactions spéculatives.

Tilray Brands (TLRY) Direktor David G. Hopkinson meldete zwei Aktienvergütungs-Transaktionen. Am 29. Juli 2025 erhielt er 431.034 neue Restricted Stock Units (RSUs); diese werden ein Jahr nach der Gewährung vollständig unverfallbar, mit beschleunigter Unverfallbarkeit nur im Todes- oder Invaliditätsfall und vollständigem Verfall bei freiwilligem Rücktritt vor diesem Datum. Am 30. Juli 2025 wurde eine frühere RSU-Zuteilung unverfallbar, wodurch 124.378 Einheiten über einen „M“-Code (Derivative Umwandlung) in Stammaktien umgewandelt wurden, zu einem angegebenen Preis von 0,61 $ pro Aktie.

Nach den Transaktionen hält Hopkinson direkt 335.563 Stammaktien und 431.034 unverfallbare RSUs; aus der unverfallbaren Zuteilung verbleibt kein Derivatbestand. Das Formular 4 zeigt keine Käufe oder Verkäufe am offenen Markt, was darauf hindeutet, dass es sich um routinemäßige Vergütungsereignisse für den Direktor handelt und nicht um richtungsweisende Handelsgeschäfte.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine compensation—director adds RSUs, no open-market activity; neutral for valuation.

The filing documents a standard equity award and associated vesting. The 431k RSU grant aligns with annual director compensation practices and vests in one year, imposing continued-service conditions. The 124k-share conversion increases the director’s immediate equity exposure but involves no cash purchase or discretionary sale, limiting signalling value. Given Tilray’s >800 m outstanding shares, the amounts are immaterial (<0.1%). I view the disclosure as neutral to share price and sentiment.

Il direttore di Tilray Brands (TLRY), David G. Hopkinson, ha riportato due operazioni di compensazione azionaria. Il 29 luglio 2025 ha ricevuto 431.034 nuove unità azionarie vincolate (RSU); queste si consolidano completamente dopo un anno dalla concessione, con consolidamento accelerato solo in caso di morte o invalidità e completa perdita in caso di dimissioni volontarie prima di tale data. Il 30 luglio 2025 un precedente premio RSU è maturato, convertendo 124.378 unità in azioni ordinarie tramite un codice “M” (conversione derivata) al prezzo indicato di 0,61 $ per azione.

Dopo queste operazioni, Hopkinson detiene direttamente 335.563 azioni ordinarie e 431.034 RSU non maturate; non rimane alcun saldo derivato dal premio maturato. Il modulo Form 4 non mostra acquisti o vendite sul mercato aperto, suggerendo che si tratti di eventi di compensazione ordinari per il direttore piuttosto che di operazioni speculative.

El director de Tilray Brands (TLRY), David G. Hopkinson, reportó dos transacciones de compensación en acciones. El 29 de julio de 2025 recibió 431,034 nuevas unidades restringidas de acciones (RSU); estas se consolidan completamente después de un año desde la concesión, con consolidación acelerada solo en caso de muerte o discapacidad y pérdida total en caso de renuncia voluntaria antes de esa fecha. El 30 de julio de 2025 un premio previo de RSU se consolidó, convirtiendo 124,378 unidades en acciones comunes mediante un código “M” (conversión derivada) a un precio indicado de $0.61 por acción.

Tras estas transacciones, Hopkinson posee directamente 335,563 acciones comunes y 431,034 RSU no consolidadas; no queda saldo derivado del premio consolidado. El Formulario 4 no muestra compras o ventas en el mercado abierto, lo que sugiere que estos son eventos rutinarios de compensación para el director y no operaciones especulativas.

Tilray Brands(TLRY)의 이사 David G. Hopkinson는 두 건의 주식 보상 거래를 보고했습니다. 2025년 7월 29일431,034개의 신규 제한 주식 단위(RSU)를 받았으며, 이는 부여일로부터 1년 후에 전부 권리 확정되며, 사망 또는 장애 시에만 권리 확정이 가속화되고 그 이전 자발적 사임 시에는 전액 몰수됩니다. 2025년 7월 30일에는 이전에 부여된 RSU가 권리 확정되어 124,378 단위“M” 코드(파생 변환)를 통해 보통주로 전환되었으며, 주당 $0.61의 가격이 표시되었습니다.

이 거래 이후 Hopkinson은 직접 보통주 335,563주권리 확정 전 RSU 431,034주를 보유하고 있으며, 권리 확정된 부여에서 파생 잔액은 남아 있지 않습니다. Form 4에는 시장 내 매매 기록이 없으며, 이는 이 거래들이 방향성 매매가 아닌 이사 보상 관련 일상적인 거래임을 시사합니다.

Le directeur de Tilray Brands (TLRY), David G. Hopkinson, a déclaré deux opérations de rémunération en actions. Le 29 juillet 2025, il a reçu 431 034 nouvelles unités d’actions restreintes (RSU) ; celles-ci deviennent pleinement acquises un an après l’attribution, avec une acquisition accélérée uniquement en cas de décès ou d’invalidité, et une perte totale en cas de démission volontaire avant cette date. Le 30 juillet 2025, une attribution RSU antérieure a acquis ses droits, convertissant 124 378 unités en actions ordinaires via un code « M » (conversion dérivée) au prix indiqué de 0,61 $ par action.

Après ces opérations, Hopkinson détient directement 335 563 actions ordinaires et 431 034 RSU non acquises ; aucun solde dérivé ne subsiste de l’attribution acquise. Le formulaire 4 ne montre aucun achat ou vente sur le marché ouvert, ce qui suggère qu’il s’agit d’événements de rémunération habituels pour le directeur plutôt que de transactions spéculatives.

Tilray Brands (TLRY) Direktor David G. Hopkinson meldete zwei Aktienvergütungs-Transaktionen. Am 29. Juli 2025 erhielt er 431.034 neue Restricted Stock Units (RSUs); diese werden ein Jahr nach der Gewährung vollständig unverfallbar, mit beschleunigter Unverfallbarkeit nur im Todes- oder Invaliditätsfall und vollständigem Verfall bei freiwilligem Rücktritt vor diesem Datum. Am 30. Juli 2025 wurde eine frühere RSU-Zuteilung unverfallbar, wodurch 124.378 Einheiten über einen „M“-Code (Derivative Umwandlung) in Stammaktien umgewandelt wurden, zu einem angegebenen Preis von 0,61 $ pro Aktie.

Nach den Transaktionen hält Hopkinson direkt 335.563 Stammaktien und 431.034 unverfallbare RSUs; aus der unverfallbaren Zuteilung verbleibt kein Derivatbestand. Das Formular 4 zeigt keine Käufe oder Verkäufe am offenen Markt, was darauf hindeutet, dass es sich um routinemäßige Vergütungsereignisse für den Direktor handelt und nicht um richtungsweisende Handelsgeschäfte.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hopkinson David G.

(Last) (First) (Middle)
C/O TILRAY BRANDS, INC.
265 TALBOT STREET WEST

(Street)
LEAMINGTON A6 N8H 4H3

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Tilray Brands, Inc. [ TLRY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/30/2025 M 124,378(1) A $0.61 335,563(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (4) 07/30/2025 M 124,378 (3) (3) Common Stock 124,378 $0 0(3) D
Restricted Stock Units (4) 07/29/2025 A 431,034 (4) (4) Common Stock 431,034 $0 431,034(5) D
Explanation of Responses:
1. On July 30, 2025, a total of 124,378 RSUs vested. Each RSU represents a contingent right to receive one (1) share of Tilray Common Stock.
2. Amount includes shares of Common Stock beneficially owned by the reporting person, but excludes other unvested RSUs.
3. Each restricted stock unit represents a contingent right to receive one (1) share of Tilray Common Stock.
4. 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.
5. Amount represents the total amount of unvested RSUs and underlying shares of Tilray Common Stock.
/s/ Carl A. Merton, as Attorney-in-Fact for Hopkinson, David G 07/31/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Tilray (TLRY) shares vested for director David Hopkinson on July 30 2025?

A total of 124,378 restricted stock units vested and converted into common shares.

What size was the new RSU grant to Hopkinson on July 29 2025?

He received 431,034 restricted stock units with a one-year cliff vesting schedule.

When will the 431,034 RSUs granted to Hopkinson vest?

They vest one year from the July 29 2025 grant date, subject to continued service.

What is Hopkinson’s total direct Tilray share ownership after the Form 4 transactions?

He holds 335,563 common shares plus 431,034 unvested RSUs.

Were any Tilray shares sold in this Form 4 filing?

No. The filing reflects an RSU vesting and a new RSU grant—no shares were sold.
TILRAY BRANDS INC

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