SHAKED HEZY 4

What Happened
Hezy Shaked, Executive Chairman and Chief Strategy Officer of Tilly's, received a grant of 40,000 derivative securities (options) on April 1, 2026. The filing shows an acquisition price of $0.00 (no cash paid at grant). This is a compensation award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Type: Grant/Award (derivative).
• Amount: 40,000 options (acquisition reported at $0.00).
• Shares owned after transaction: Not specified in this Form 4.
• Footnote: Options vest in four equal annual installments on each of the next four anniversaries of the April 1, 2026 grant date, subject to continued employment/service.
• Reporting status: Hezy Shaked is identified as a 10% owner and the Executive Chairman & Chief Strategy Officer.
• Filing timeliness: No late filing indicated in the document.

Context
This was a compensation grant (derivative award) rather than a market buy or sale. The options are not fully vested immediately — they vest annually over four years and generally cannot be exercised or sold until vested. Such grants are common for executives as retention/compensation and should be viewed as corporate compensation activity, not a direct market bet by the insider.