Tilray Director Steven Cohen Vests 43,104 RSUs, Receives 62,657 RSUs

What Happened

• Steven Michael Cohen, a director of Tilray Brands, had 43,104 restricted stock units (RSUs) vest on July 29, 2026; those RSUs converted to the same number of shares (reported at $0.00 per share). The Form 4 also shows a matching reported disposition of 43,104 derivative units at $0.00 (reported as a derivative disposal).
• On the same date he was granted 62,657 new RSUs (reported as an award at $0.00). The new grant is a derivative award (RSUs) that will convert to shares only if/when they vest.

Key Details

• Transaction dates: July 29, 2026; Form 4 filed July 30, 2026 (timely filing).
• Transaction codes: M = exercise/conversion of derivative (43,104 shares acquired and 43,104 derivative disposed); A = grant/award (62,657 RSUs acquired).
• Prices: All transactions reported at $0.00 per share (typical for RSU vesting/grants).
• Shares owned after transaction: Not specified in the excerpt provided.
• Footnotes of note:
  • F1: 43,104 RSUs vested on July 29, 2026; each RSU equals one share.
  • F2: All amounts adjusted for a 1-for-10 reverse stock split effective Dec 2, 2025.
  • F5: The 62,657 RSU grant vests one year from grant subject to continued service; accelerated vesting only for death or disability; forfeited on voluntary resignation before vesting.
• The filing does not explicitly state the reason for the reported 43,104-derivative disposition; such entries are commonly used to reflect withholding for taxes but that specific detail is not provided here.

Context

• This activity is primarily awards and vesting (not an open-market purchase or sale). Vesting and grants are routine forms of compensation for insiders and do not by themselves indicate a buy or sell signal.
• For retail investors, grants of RSUs indicate future potential dilution when they vest and convert to shares; the new RSUs here will vest only with continued service (per F5).