4//SEC Filing
Conder Timothy Alan 4
Accession 0001104659-24-077321
CIK 0001761510other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 4:01 PM ET
Size
10.1 KB
Accession
0001104659-24-077321
Insider Transaction Report
Form 4
TILT Holdings Inc.TLLTF
Conder Timothy Alan
Director
Transactions
- Exercise/Conversion
Common Shares, no par value
2024-06-30+666,666→ 2,135,566 total - Tax Payment
Common Shares, no par value
2024-06-30$0.02/sh−187,997$4,117→ 1,947,569 total - Exercise/Conversion
Performance stock units
2024-06-30−666,666→ 0 total→ Common Shares, no par value (666,666 underlying)
Footnotes (4)
- [F1]2,000,000 performance stock units ("PSUs") were granted on September 26, 2023. Each PSU represented a contingent right to receive one common share of the Company, of which 1,000,000 were subject to the achievement of certain performance criteria during the performance period ended December 31, 2023, as approved by the Issuer's Board of Directors. On April 19, 2024, the Board of Directors of the Issuer determined that the Reporting Person satisfied certain performance metrics to which the PSUs were subject and as a result the Reporting Person earned 666,666 PSUs for the performance period ended December 31, 2023. The common shares underlying the PSUs vested on June 30, 2024. The remaining 333,000 PSUs for the performance period ended December 31, 2023 were cancelled.
- [F2]PSUs convert into common stock on a one-for-one basis.
- [F3]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 PSUs and does not represent a sale by the Reporting Person.
- [F4]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 June 28, 2024 which was CAD$0.03. The share price of CAD$0.03 was converted to U.S. dollars using the exchange rate provided by the Bank of Canada of USD$1.00= CAD$1.3687 on June 28, 2024.
Documents
Issuer
TILT Holdings Inc.
CIK 0001761510
Entity typeother
Related Parties
1- filerCIK 0001934680
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 4:01 PM ET
- Size
- 10.1 KB