X0306 4 2019-04-01 0 0001731348 Tilray, Inc. TLRY 0001746057 Pastorius Edward Wood JR 1100 MAUGHAN ROAD NANAIMO A1 V9X IJ2 BRITISH COLUMBIA, CANADA 0 1 0 0 Chief Revenue Officer Class 2 Common Stock 2019-04-01 4 M 0 43750 7.76 A 58455 D Class 2 Common Stock 2019-04-01 4 S 0 34088 63.0777 D 24367 D Class 2 Common Stock 2019-04-01 4 S 0 6600 64.137 D 17767 D Class 2 Common Stock 2019-04-01 4 S 0 3062 64.80 D 14705 D Class 2 Common Stock 2019-04-01 4 M 0 6250 A 20955 D Class 2 Common Stock 2019-04-02 4 S 0 2807 63.7809 D 18148 D Stock Option (Right to Buy) 7.76 2019-04-01 4 M 0 43750 0.00 D 2028-05-20 Class 2 Common Stock 43750 306250 D Restricted Stock Units 2019-04-01 4 M 0 6250 0.00 D 2019-04-01 Class 2 Common Stock 6250 43750 D The stock option exercise reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.80 to $63.79, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote 3 to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.80 to $64.74, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote 4 to this Form 4. Each restricted stock unit converted into one share of Class 2 Common Stock. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.50 to $64.40, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote 6 to this Form 4. The shares shall vest at the rate of 25% of the shares on the twelve (12) month anniversary of April 1, 2018 (the "Vesting Commencement Date"), and the remaining option shares will vest quarterly thereafter at the rate of 6.25% of the total number of shares on each quarterly anniversary of the Vesting Commencement Date thereafter for so long as the Reporting Person remains in Continuous Service (as defined in the Company's 2018 Equity Incentive Plan), such that the total number of shares shall be fully vested on the four-year anniversary of the Vesting Commencement Date. The remaining RSUs will vest quarterly at a rate of 6.25% of the total number of RSUs on each quarterly anniversary of January 1, 2017 (the "Vesting Commencement Date") for so long as the Reporting Person remains in Continuous Service (as defined in the Company's 2018 Equity Incentive Plan), such that the total number of RSUs shall be fully vested on the four-year anniversary of the Vesting Commencement Date. /s/ Alan Hambelton, Attorney-in-fact 2019-04-03