Tilray (TLRY) Director Renah Persofsky Receives RSUs; Shares Withheld

What Happened
Renah Persofsky, a director of Tilray Brands (TLRY), had 43,104 restricted stock units (RSUs) vest on July 29, 2026. Those RSUs converted into shares, and the company withheld 21,552 shares to satisfy tax withholding (valued at $3.99/share for a total withholding of $85,992), leaving a net delivery of 21,552 shares to Persofsky. On the same date Persofsky received a new grant of 62,657 RSUs (unvested).

Key Details

• Transaction date: July 29, 2026. Form filed July 30, 2026 (appears timely).
• Vesting/conversion: 43,104 RSUs vested and converted to shares (reported as derivative conversion, code M).
• Tax withholding: 21,552 shares withheld by the company (code F) at $3.99/share = $85,992.
• Net shares delivered: 43,104 vested − 21,552 withheld = 21,552 shares issued to Persofsky.
• New grant: 62,657 RSUs granted (code A); these are unvested at grant.
• Reverse split: All amounts adjusted for a 1-for-10 reverse stock split effective Dec 2, 2025 (footnote).
• Shares owned after transaction: not explicitly listed in the provided excerpt; filing footnote notes beneficial ownership counts exclude other unvested RSUs.
• Footnotes: withholding represents tax payment related to RSUs granted July 30, 2025; the new RSUs generally vest one year from grant subject to continued service and accelerate only for death/disability.

Context
This was not a cash purchase or open-market sale: it was the routine vesting of RSUs (derivative-to-share conversion) with a share-withholding to cover taxes—a common practice that is administrative rather than a market-timing trade. The new 62,657 RSU grant is subject to a one-year service vesting schedule (per footnote) and does not represent immediate share ownership until vesting conditions are met.