RE:RE:Cashed out on payday friday lolPersofsky Renah, disposed Restricted Stock Units of 129,534 @ $0.
https://tilray.gcs-web.com/static-files/b2fd9fca-e265-48a9-881a-37f5b2838cba "Share forfeiture is not a routine event. It happens under particular circumstances when a shareholder fails to honor the obligations tied to the shares. Such obligations may range from payment deadlines to contractual agreements.
Moreover, forfeiture can occur when an employee leaves a company before their stock options have vested fully. In such cases, the company repossesses the shares, effectively making them forfeited shares."
Renah Persofsky is a board member. She is on multiple different boards and her husband passed last May.
This could be anything from a personal decision from Renah to a potential professional conflict. Either way, the shares were likely in the form of call options tied to her work on the board. Since the options don't come to maturity before she leaves (and her being there was a stipulation to maintain the shares), it will result in them becoming forfeit.