Hezy Shaked receives 40,000 Tilly's (TLYS) stock options grant

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

1 transaction reported

Mixed 1 txn

Insider SHAKED HEZY

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	40,000	$0.00	--

Holdings After Transaction: Stock Option (Right to Buy) — 40,000 shares (Direct)

Footnotes (1)

1. [object Object]

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.

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^*

SHAKED HEZY

(Last) (First) (Middle)

C/O TILLY'S, INC.

10 WHATNEY

(Street)

IRVINE CALIFORNIA 92618

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TILLY'S, INC. [ TLYS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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
Stock Option (Right to Buy)	$4.2	04/01/2026		A		40,000		(1)	04/01/2036	Class A Common Stock	40,000	$0	40,000	D

Explanation of Responses:

1. 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.

Remarks:

The Reporting Person is Executive Chairman and Chief Strategy Officer

	/s/ Michael L. Henry, Attorney-in-Fact for Hezy Shaked	04/01/2026
	** 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 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.