SPY424.31+0.70 0.17%
DIA345.12+0.14 0.04%
IXIC14,069.42+49.09 0.35%

Insider Trends: Insider at Tilray Acquires Stock Via Conversion of Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact

05/10/2021 17:36

09:23 PM EDT, 05/10/2021 (MT Newswires) -- Jon Edward Levin, COO, exercised options/derivative securities for 152,521 shares of Tilray (TLRY) and sold 79,950 shares in the company for $1,358,351 to meet tax obligations on Apr 30, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 72,571 company shares. Levin, after the transactions designated in the SEC Form 4 filing, owns 119,857 company shares, which have a market value of $1.94 million as of the prior-day closing price.

Over the last 90 days, previous to the date of this filing, there have been 18 insider transactions reported to the SEC for Tilray. These transactions came from the activities of 8 individual insiders that resulted in a net acquisition of 382,273 company shares. Relative to the preceding 90-day window of time, there were 9 transactions from 5 insiders and resulted in the net acquisition of 42,655 shares.

This is lower than the average level of insider transactions in the 150-company Pharmaceuticals peer group over the last 90-day period. Activity in the peer group averaged 64.3 transactions per company, and disposition of 7,243 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1731348/000114036121016729/xslF345X03/form4.xml

[Disclaimer]
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.