Kelly Nathaniel Christopher 4

4 · TILT Holdings Inc. · Filed Sep 29, 2023

Form 4

Period: 2023-08-29

Chief Revenue Officer

Transactions

Exercise/Conversion
Common Shares, no par value
2023-08-29+140,625→ 140,625 total
Award
Restricted Share Units
2023-08-29+562,500→ 562,500 total
→ Common Shares, no par value (562,500 underlying)
Exercise/Conversion
Restricted Share Units
2023-08-29−140,625→ 421,875 total
Exercise: $0.00→ Common Shares, no par value (140,625 underlying)
Tax Payment
Common Shares, no par value
2023-08-29$0.03/sh−33,007$970→ 107,618 total

Footnotes (4)

[F1]Represents common shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of restricted share units ("RSU") and does not represent a sale by the Reporting Person.
[F2]The price provided in this column was calculated based on the closing price of the Issuer's common shares on Cboe Canada formerly known as the NEO Exchange on August 29, 2023 which was CAD$0.04. The share price of CAD$0.04 was converted to U.S. dollars using the exchange rate provided by the Bank of Canada of USD$1.00= CAD$1.3593 on August 29, 2023.
[F3]Each RSU is equivalent in value to one share of the Issuer's common shares, no par value. 140,625 RSUs vested on August 29, 2023, 140,625 RSUs will vest on March 1, 2024, 140,625 RSUs will vest on March 1, 2025 and 140,625 RSUs will vest on March 1, 2026, subject to the Reporting Person's continued employment with the Issuer on each vesting date.
[F4]RSUs do not expire; they either vest or are cancelled.

Documents

1 file