Luis Reformina - 05 May 2023 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Sr VP, CFO
Signature
/s/ Luis Reformina
Issuer symbol
TPB
Transactions as of
05 May 2023
Net transactions value
+$118,548
Form type
4
Filing time
09 May 2023, 21:19:52 UTC
Previous filing
16 Mar 2022
Next filing
05 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPB Common Stock Award $118,548 +5,328 +201% $22.25 7,978 05 May 2023 Direct F7, F8, F9

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 4,000 05 May 2023 Common Stock 4,000 $30.46 Direct F5, F6
holding TPB Options 12,000 05 May 2023 Common Stock 12,000 $47.76 Direct F1, F4
holding TPB Options 4,500 05 May 2023 Common Stock 4,500 $51.75 Direct F1, F4
holding TPB Options 4,000 05 May 2023 Common Stock 4,000 $14.85 Direct F1, F3
holding TPB Options 25,000 05 May 2023 Common Stock 25,000 $20.89 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted pursuant to the issuer's 2015 Equity Incentive Plan
F2 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.
F3 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.
F4 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.
F5 Granted pursuant to the issuer's 2021 Equity Incentive Plan.
F6 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.
F7 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.
F8 RSUs convert into shares of Common Stock on a 1-for-1 basis.
F9 The total reported in Column 5 includes 7,328 RSUs and 650 shares of common stock.