Tilray Brands Inc (TLRY)

[FUNMAN]

Tilray Form 4 https://ir.tilray.com/node/8786/html



Explanation of Responses:
1. On August 5, 2020, the Reporting Person was granted restricted stock units ("RSU"), which represented a contingent right to receive 106,383 shares of the Issuer's Class 2 Common Stock. The RSU was to vest 50% upon the filing date of the Issuer's Annual Report on Form 10-K for the year ended December 31, 2020, provided that the Issuer achieved certain performance criteria for fourth quarter 2020 (the "Performance Criteria"). The Performance Criteria was met on February 19, 2021, resulting in the vesting of 53,191 shares under this RSU.
2. Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligations in connection with the vesting of the RSU.
3. Each RSU represents a contingent right to receive one share of the Issuer's Class 2 Common Stock.
4. On February 19, 2021 the Performance Criteria was met allowing for the remaining 50% of the RSU (53,192 shares) to vest on January 1, 2022, subject to the Reporting Person providing continuous service to the Issuer until such date.