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Tilly’s (TLYS) director Michael Relich receives 15,444 restricted stock award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Relich Michael reported acquisition or exercise transactions in this Form 4 filing.

TILLY'S, INC. director Michael Relich received a grant of 15,444 shares of Class A Common Stock as a stock award. The shares are in the form of restricted stock that vests in two equal annual installments on each of the next two anniversaries of the grant date. Following this award, Relich directly holds 81,018 shares of Class A Common Stock.

Positive

  • None.

Negative

  • None.
Insider Relich Michael
Role null
Type Security Shares Price Value
Grant/Award Class A Common Stock 15,444 $0.00 --
Holdings After Transaction: Class A Common Stock — 81,018 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Restricted stock grant 15,444 shares Award of Class A Common Stock to director
Post-transaction holdings 81,018 shares Class A Common Stock held directly after grant
Vesting schedule Two equal annual installments Restricted stock vests over next two anniversaries
restricted stock financial
"Represents shares of restricted stock, which vest in two equal annual installments"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vest financial
"which vest in two equal annual installments on each of the succeeding two anniversaries"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual installments financial
"vest in two equal annual installments on each of the succeeding two anniversaries"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Relich Michael
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock06/10/2026A15,444(1)A$081,018D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares of restricted stock, which vest in two equal annual installments on each of the succeeding two anniversaries of the grant date.
Remarks:
/s/ Michael L. Henry, Attorney-in-Fact for Michael G. Relich06/10/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did TILLY'S (TLYS) director Michael Relich report?

Director Michael Relich reported receiving 15,444 shares of TILLY'S Class A Common Stock as a stock award. These shares are restricted stock that vest over time rather than an open-market purchase, reflecting equity-based compensation rather than a trading decision.

How many TILLY'S (TLYS) shares does Michael Relich hold after this grant?

After the grant, Michael Relich directly holds 81,018 shares of TILLY'S Class A Common Stock. This total includes the newly awarded 15,444 restricted shares, which will vest over the next two years according to the disclosed vesting schedule.

Is the TILLY'S (TLYS) Form 4 transaction a purchase or a compensation grant?

The Form 4 transaction is a compensation grant, not a market purchase. The filing identifies the code as a grant, award, or other acquisition, with 15,444 shares of restricted stock awarded at no cash price per share to director Michael Relich.

What is the vesting schedule for Michael Relich’s restricted TILLY'S (TLYS) shares?

The 15,444 restricted shares vest in two equal annual installments. One-half of the award vests on the first anniversary of the grant date, and the remaining half vests on the second anniversary, subject to the standard conditions that typically apply to restricted stock.

Does the reported TILLY'S (TLYS) Form 4 include any stock sales by Michael Relich?

The reported Form 4 does not include any stock sales. It discloses only a grant of 15,444 restricted shares classified as an acquisition transaction, with no buy or sell transactions and no derivative exercises or tax-withholding dispositions shown in the summarized data.