Tilly's (TLYS) CMO sells 11,250 shares of Class A stock

Rhea-AI Filing Summary

TILLY'S, INC. Chief Merchandising Officer Michael Joseph Cingolani reported an open-market sale of Class A Common Stock. He sold 11,250 shares at a weighted average price of $5.2697 per share, in multiple trades between $5.25 and $5.32.

After this transaction, he directly holds 113,750 shares of Class A Common Stock. The sale reflects a reduction in his direct ownership while maintaining a substantial remaining position in the company.

Insider Trade Summary

Net Seller: 11,250 shares ($59,284)

Net Sell 1 txn

Insider Cingolani Michael Joseph

Role Chief Merchandising Officer

Sold 11,250 shs ($59K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	11,250	$5.2697	$59K

Holdings After Transaction: Class A Common Stock — 113,750 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 11,250 shares Weighted average sale price: $5.2697 per share Shares held after transaction: 113,750 shares

3 metrics

Shares sold 11,250 shares Open-market sale of Class A Common Stock

Weighted average sale price $5.2697 per share Sale executed in multiple trades from $5.25 to $5.32

Shares held after transaction 113,750 shares Direct holdings after reported sale

Key Terms

Class A Common Stock, open-market sale, weighted average price, Form 4

4 terms

Class A Common Stock financial

"security_title: "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.

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.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

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.

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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^*

Cingolani Michael Joseph

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Merchandising Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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
Class A Common Stock	06/11/2026		S		11,250	D	$5.2697(1)	113,750	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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.25 to $5.32, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

Remarks:

	/s/ Michael L. Henry, Attorney-in-Fact for Michael Joseph Cingolani	06/11/2026
	** 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 insider transaction did TILLY'S (TLYS) report for Michael Joseph Cingolani?

TILLY'S Chief Merchandising Officer Michael Joseph Cingolani reported selling 11,250 shares of Class A Common Stock in an open-market transaction. The sale was disclosed on a Form 4 insider trading report with detailed pricing information.

How many TILLY'S (TLYS) shares did the CMO sell and at what price?

Michael Joseph Cingolani sold 11,250 shares of TILLY'S Class A Common Stock at a weighted average price of $5.2697 per share. The shares were sold in multiple trades priced between $5.25 and $5.32 per share.

How many TILLY'S (TLYS) shares does Michael Joseph Cingolani hold after the sale?

After the reported sale, Michael Joseph Cingolani directly holds 113,750 shares of TILLY'S Class A Common Stock. This figure reflects his remaining direct ownership position following the 11,250-share open-market disposition.

What does the weighted average price mean in the TLYS Form 4 filing?

The weighted average price of $5.2697 represents the average price per share across multiple trades in the sale. Individual trades occurred at prices ranging from $5.25 to $5.32, as disclosed in the Form 4 footnote.

Was the TILLY'S (TLYS) insider transaction a buy or a sell?

The transaction was a sell. Michael Joseph Cingolani executed an open-market sale of 11,250 shares of TILLY'S Class A Common Stock, reducing his direct share count while still retaining 113,750 shares after the trade.