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

Role
Sr VP Finance & CAO
Signature
/s/ Brian Wigginton
Stock symbol
TPB
Transactions as of
May 5, 2023
Transactions value $
$82,948
Form type
4
Date filed
5/9/2023, 09:20 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 $82.9K +3.73K +126.29% $22.25 6.68K May 5, 2023 Direct F9, F10, F11

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 (2022) 2.5K May 5, 2023 Common Stock 2.5K $30.46 Direct F7, F8
holding TPB Options (2021) 2.5K May 5, 2023 Common Stock 2.5K $45.05 Direct F6, F7
holding TPB Options (2021) 1.75K May 5, 2023 Common Stock 1.75K $51.75 Direct F1, F6
holding TPB Options (2020) 2.5K May 5, 2023 Common Stock 2.5K $14.85 Direct F1, F5
holding TPB Options (2019) 400 May 5, 2023 Common Stock 400 $47.58 Direct F1, F2
holding TPB Options (2018) 400 May 5, 2023 Common Stock 400 $21.21 Direct F1, F3
holding TPB Options (2017) 750 May 5, 2023 Common Stock 750 $15.41 Direct F1, F4
* 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, 2019, 33% of the underlying shares on January 1, 2020 and 33% of the underlying shares on January 1, 2021.
F4 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.
F5 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.
F6 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.
F7 Granted pursuant to the issuer's 2021 Equity Incentive Plan.
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 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.
F10 RSUs convert into shares of Common Stock on a 1-for-1 basis.
F11 The total reported in Column 5 includes 4,978 restricted stock units and 1,702 shares of common stock.