Tilray (TLRY) director sells 33,556 common shares, ending direct stake

Rhea-AI Filing Summary

Tilray Brands, Inc. director David G. Hopkinson reported an open-market sale of 33,556 shares of common stock at a price of $6.94 per share on April 21, 2026. Following this transaction, his directly held common stock position reported in this filing is 0 shares.

The share amount reflects an adjustment related to Tilray’s 1-for-10 reverse stock split that became effective on December 1, 2025, as noted in the footnote.

Insights

Insider transactions analyst

Tilray director sold 33,556 shares in an open-market trade, ending this reported direct position.

Director David G. Hopkinson executed an open-market sale of 33,556 shares of Tilray Brands, Inc. common stock at $6.94 per share on April 21, 2026. The transaction code S indicates a standard sale in the market or a private transaction.

After the sale, this filing shows 0 common shares held directly, suggesting he no longer has a directly reported position in this class through this account. The footnote clarifies the share count already reflects Tilray’s 1-for-10 reverse stock split effective December 1, 2025, so the reported amount is on the post-split basis.

Insider Trade Summary

Net Seller: 33,556 shares ($232,879)

Net Sell 1 txn

Insider Hopkinson David G.

Role null

Sold 33,556 shs ($233K)

Type	Security	Shares	Price	Value
Sale	Common Stock	33,556	$6.94	$233K

Holdings After Transaction: Common Stock — 0 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 33,556 shares Sale price per share: $6.94 per share Shares after transaction: 0 shares +3 more

6 metrics

Shares sold 33,556 shares Open-market sale of common stock on April 21, 2026

Sale price per share $6.94 per share Reported transaction price for Tilray common stock

Shares after transaction 0 shares Direct common stock holdings reported post-transaction

Net shares sold 33,556 shares Net buy/sell shares in transaction summary

Reverse split ratio 1-for-10 Tilray reverse stock split effective December 1, 2025

Sell transactions count 1 transaction SellCount in transaction summary

Key Terms

open-market sale, Form 4, reverse stock split, transaction code S

4 terms

open-market sale financial

"transaction_action":"open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

reverse stock split financial

"resulting from the Issuer's 1 for 10 reverse stock split"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

transaction code S regulatory

"transaction_code_description":"Sale in open market or private transaction""

Form 4 Insider Transactions: What Each Field Means →

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 N8H 4H3

(City) (State) (Zip)

ONTARIO, CANADA

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/21/2026		S		33,556(1)	D	$6.94	0	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

Explanation of Responses:

1. The reported number of shares reflects an adjustment resulting from the Issuer's 1 for 10 reverse stock split, effective December 1, 2025.

	/s/ Carl A. Merton, as Attorney-in-Fact for David G. Hopkinson	04/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Tilray Brands (TLRY) director David G. Hopkinson report in this Form 4?

Director David G. Hopkinson reported selling 33,556 shares of Tilray Brands common stock in an open-market transaction at $6.94 per share on April 21, 2026. After the sale, the filing shows 0 shares of common stock held directly.

How many Tilray Brands (TLRY) shares did the director sell and at what price?

He sold 33,556 shares of Tilray Brands common stock at a reported price of $6.94 per share. This was classified as an open-market or private sale under transaction code S, indicating a standard disposition of shares rather than a derivative exercise or tax-related transaction.

What is David G. Hopkinson’s Tilray (TLRY) shareholding after this reported sale?

Following the reported transaction, the Form 4 lists 0 shares of Tilray Brands common stock as held directly by David G. Hopkinson. The filing does not list any remaining derivative positions, so this particular report shows no ongoing direct common stock holdings for this insider account.

What does the reverse stock split footnote mean for Tilray (TLRY) Form 4 figures?

The footnote explains that the 33,556 shares reflect Tilray’s 1-for-10 reverse stock split effective December 1, 2025. This means the reported share count is already adjusted to the post-split basis, making the transaction totals directly comparable with current outstanding share figures after that split.

Was this Tilray (TLRY) director transaction a purchase or a sale?

This Form 4 reports an open-market sale, not a purchase. The transaction uses code S, described as a "Sale in open market or private transaction," and is tagged with a sell direction. No buy or option exercise transactions are included in this filing’s summary data.