Tilly's director granted 40,000 stock options
TILLY'S, INC. director and officer Hezy Shaked received a grant of stock options covering 40,000 shares of Class A Common Stock.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
TILLY'S, INC. director and officer Hezy Shaked received a grant of stock options covering 40,000 shares of Class A Common Stock. The options have an exercise price of $4.20 per share and expire on April 1, 2036.
The award vests in four equal annual installments on each of the next four anniversaries of the April 1, 2026 grant date, conditioned on his continued employment or service with the company. Following this grant, Shaked holds 40,000 stock options directly.
Insider Trade Summary
Grant/Award: 40,000 shares
Grant/Award
1 txn
Insider
SHAKED HEZY
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 40,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 40,000 contracts (Direct)
Holdings Before and After:
Stock Option (Right to Buy), 0 to 40,000 contracts (Direct)
Footnotes (1)
- F1. The options vest in four equal annual installments on each of the next four anniversaries of the April 1, 2026 grant date, subject to the Reporting Person's continued employment with or service to the Issuer through the applicable vesting date.
Key Figures
Options granted: 40,000 options
Exercise price: $4.20 per share
Underlying shares: 40,000 shares
+2 more
5 metrics
Options granted
40,000 options
Stock Option (Right to Buy) grant on April 1, 2026
Exercise price
$4.20 per share
Exercise price for Class A Common Stock underlying options
Underlying shares
40,000 shares
Class A Common Stock underlying the granted options
Expiration date
April 1, 2036
Option expiration for this grant
Post-grant derivative holdings
40,000 options
Total stock options held following the reported transaction
Key Terms
Stock Option (Right to Buy), Class A Common Stock, vesting, grant date, +1 more
5 terms
Stock Option (Right to Buy) financial
"Security title reported as Stock Option (Right to Buy) with 40,000 shares"
Class A Common Stock financial
"Underlying security title identified as Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting financial
"The options vest in four equal annual installments after the grant date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
grant date financial
"Vesting is tied to the April 1, 2026 grant date anniversary"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
expiration date financial
"The options have an expiration date of April 1, 2036"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Hezy Shaked report in this Form 4 for TLYS?
Hezy Shaked reported receiving a grant of stock options for 40,000 shares of Tilly’s Class A Common Stock. These options are a compensation award, not an open-market stock purchase or sale, and are exercisable at a fixed price set in the grant.
How many Tilly's (TLYS) stock options were granted to Hezy Shaked?
Hezy Shaked was granted stock options covering 40,000 shares of Tilly’s Class A Common Stock. This entire amount was newly awarded in a single transaction and represents his reported derivative holdings immediately after the grant, according to the Form 4 filing details.
What is the exercise price of Hezy Shaked’s new TLYS stock options?
The granted stock options have an exercise price of $4.20 per share. This means Shaked can later buy Tilly’s Class A Common Stock at $4.20, regardless of the future market price, once the options are vested and exercisable under the grant terms.
When do Hezy Shaked’s Tilly's (TLYS) stock options vest?
The options vest in four equal annual installments on each of the next four anniversaries of the April 1, 2026 grant date. Vesting is conditioned on Shaked’s continued employment with, or service to, Tilly’s through each scheduled vesting date as disclosed.
When do Hezy Shaked’s newly granted TLYS options expire?
The stock options granted to Hezy Shaked expire on April 1, 2036. After this expiration date, any unexercised options will lapse and can no longer be used to purchase Tilly’s Class A Common Stock at the $4.20 exercise price specified in the grant.
Is this TLYS Form 4 a stock purchase or sale by Hezy Shaked?
No, the Form 4 shows a grant of stock options, not an open-market purchase or sale. The transaction is coded as a grant or award (Code A), indicating compensation in the form of options rather than a direct cash trade in Tilly’s common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
