Smith Nathan Michael 4
4 · TILLY'S, INC. · Filed Sep 17, 2025
Insider Transaction Report
Form 4
TILLY'S, INC.TLYS
Smith Nathan Michael
DirectorSee Remarks
Transactions
- Award
Stock Option (Right to Buy)
2025-09-08+900,000→ 900,000 totalExercise: $1.99Exp: 2035-09-08→ Class A Common Stock (900,000 underlying) - Award
Stock Option (Right to Buy)
2025-09-08+900,000→ 900,000 totalExercise: $1.99Exp: 2035-09-08→ Class A Common Stock (900,000 underlying)
Footnotes (2)
- [F1]The options vest over four years, with the first 25% of the grant vesting on the first anniversary of the grant date on September 8, 2026, and monthly vesting's of 18,750 options thereafter through September 8, 2029, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
- [F2]Represents an award of performance-based options that will vest upon the satisfaction of both performance and service-based requirements. The options may be earned based upon the performance of the Company's stock price during the applicable performance period through the 10-year life of the option ending on September 8, 2035. The quantity reported represents the maximum quantity of shares subject to the option that may vest and become exercisable. As such, fewer shares subject to the option may ultimately be earned based on actual results over the performance period. The earned portion of the option will satisfy the service-based requirement on August 18, 2026, subject to continued service with the Company.