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Tilly's (NYSE: TLYS) CFO awarded 40,000 stock options at $4.20 strike

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

Rhea-AI Filing Summary

TILLY'S, INC. reported that CFO Henry Michael 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. They vest in four equal annual installments on each anniversary of the April 1, 2026 grant date, contingent on his continued employment or service.

Positive

  • None.

Negative

  • None.
Insider Henry Michael
Role CFO
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]
Options granted 40,000 options Grant of Stock Option (Right to Buy) to CFO
Exercise price $4.20 per share Conversion or exercise price for Class A Common Stock
Expiration date April 1, 2036 Option term end for this grant
Underlying shares 40,000 shares Class A Common Stock underlying the options
Shares after transaction 40,000 options Total derivative securities held after grant
Vesting schedule 4 equal annual installments Each anniversary of April 1, 2026 grant date
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
Class A Common Stock financial
"underlying_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.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
vesting date financial
"subject to the Reporting Person's continued employment ... through the applicable vesting date"
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*
Henry 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		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
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
Stock Option (Right to Buy)$4.204/01/2026A40,000 (1)04/01/2036Class A Common Stock40,000$040,000D
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:
/s/ Michael L. Henry04/01/2026
** 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) CFO report on this Form 4?

The CFO, Henry Michael, reported receiving a grant of stock options for 40,000 shares of Class A Common Stock. These are derivative securities giving him the right to buy shares at a preset price if the options vest and are exercised.

What is the exercise price of the TILLY'S (TLYS) CFO’s new stock options?

The granted stock options have an exercise price of $4.20 per share. This means Henry Michael can buy Class A Common Stock at $4.20 per share once the options vest, regardless of the market price at that time.

How many TILLY'S (TLYS) stock options does the CFO hold after this grant?

Following this transaction, the Form 4 shows Henry Michael holding 40,000 stock options. All 40,000 options are tied to Class A Common Stock and stem from this single award reported in the filing.

When do the TILLY'S (TLYS) CFO’s 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 Henry Michael’s continued employment with or service to TILLY'S through each applicable vesting date.

When do the TILLY'S (TLYS) CFO’s stock options expire?

The stock options granted to Henry Michael expire on April 1, 2036. After that expiration date, any unexercised options will lapse, and the right to purchase the underlying Class A Common Stock will no longer exist.

Is this TILLY'S (TLYS) Form 4 transaction a market purchase or sale of shares?

No, the Form 4 reports a grant of stock options, not an open-market trade. It is coded as a grant or award acquisition, giving the CFO rights to buy shares later at $4.20 per share if the options vest and are exercised.