Brittani Cushman - May 5, 2023 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Sr VP, General Counsel
Signature
/s/ Brittani Cushman
Stock symbol
TPB
Transactions as of
May 5, 2023
Transactions value $
$144,291
Form type
4
Date filed
5/9/2023, 09:19 PM
Previous filing
Feb 14, 2023
Next filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPB Common Stock Award $144K +6.49K +72.94% $22.25 15.4K May 5, 2023 Direct F10, F11, F12
holding TPB Common Stock 407 May 5, 2023 By Spouse F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TPB Options 8K May 5, 2023 Common Stock 8K $30.46 Direct F8, F9
holding TPB Options 7K May 5, 2023 Common Stock 7K $51.75 Direct F2, F3
holding TPB Options 6K May 5, 2023 Common Stock 6K $14.85 Direct F2, F4
holding TPB Options 4.8K May 5, 2023 Common Stock 4.8K $47.58 Direct F2, F5
holding TPB Options 4.5K May 5, 2023 Common Stock 4.5K $21.21 Direct F2, F6
holding TPB Options 3.25K May 5, 2023 Common Stock 3.25K $15.41 Direct F2, F7
holding TPB Options 20K May 5, 2023 Common Stock 20K $13.00 Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person disclaims beneficial ownership of these securities, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
F2 Granted pursuant to the issuer's 2015 Equity Incentive Plan
F3 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2022, 33% of the underlying shares on January 1, 2023 and 33% of the underlying shares on January 1, 2024.
F4 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2021, 33% of the underlying shares on January 1, 2022 and 33% of the underlying shares on January 1, 2023.
F5 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2020, 33% of the underlying shares on January 1, 2021 and 33% of the underlying shares on January 1, 2022.
F6 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2019, 33% of the underlying shares on January 1, 2020 and 33% of the underlying shares on January 1, 2021.
F7 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2018, 33% of the underlying shares on January 1, 2019 and 33% of the underlying shares on January 1, 2020.
F8 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2023, 33% of the underlying shares on January 1, 2024 and 33% of the underlying shares on January 1, 2025.
F9 Granted pursuant to the issuer's 2021 Equity Incentive Plan.
F10 Represents grant of restricted stock units ("RSUs") pursuant to the issuer's 2021 Equity Incentive Plan. These RSUs will vest 33% on the first, second and third anniversaries of March 31, 2023.
F11 RSUs convert into shares of Common Stock on a 1-for-1 basis.
F12 The total reported in Column 5 includes 8,985 restricted stock units and 6,391 shares of common stock.