Tilray (TLRY) Director David Clanachan Receives RSUs

What Happened
David F. Clanachan, a director of Tilray Brands, had 43,104 restricted stock units (RSUs) vest on July 29, 2026. To satisfy the tax withholding on the vesting, the company withheld 21,552 shares at $3.99 per share (approximately $85,992). After withholding, the vest produced a net delivery of about 21,552 common shares to Clanachan. The filing also reports a separate grant/award of 62,657 RSUs (new award/derivative).

Key Details

• Transaction date: July 29, 2026. Form 4 filed July 30, 2026 (timely).
• Vested RSUs: 43,104 RSUs converted into shares (F1, F5).
• Tax withholding: 21,552 shares withheld at $3.99/share, totaling roughly $85,992 (F4).
• Net shares received: ~21,552 common shares (43,104 vested minus 21,552 withheld).
• Additional grant: 62,657 RSUs reported as an award/derivative on the same date.
• Reverse split: All share counts adjusted for Tilray’s 1-for-10 reverse stock split effective Dec 2, 2025 (F2).
• Ownership reporting: The filing notes beneficially owned shares include certain common stock holdings but excludes other unvested RSUs (F3, F6).

Context
This was vesting of RSUs with shares withheld for tax obligations (a common, non-market-sale event). For retail investors: vesting and tax-withholding transactions are routine and do not by themselves indicate a buying/selling signal. The separate grant of 62,657 RSUs represents future potential shares subject to continued service and vesting conditions.