Lawrence Wexler - May 8, 2023 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role: Director
Signature: /s/ Lawrence Wexler
Stock symbol: TPB
Transactions as of: May 8, 2023
Transactions value $: $70,012
Form type: 4
Date filed: 5/10/2023, 09:16 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	$70K	+3.22K	+0.9%	$21.77	361K	May 8, 2023	Direct	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 (2021)						15.9K	May 8, 2023	Common Stock	15.9K	$51.75	Direct	F5, F8
holding	TPB	Options (2020)						20K	May 8, 2023	Common Stock	20K	$14.85	Direct	F5, F7
holding	TPB	Options (2019)						35.5K	May 8, 2023	Common Stock	35.5K	$47.58	Direct	F5, F6
holding	TPB	Options (2018)						26.5K	May 8, 2023	Common Stock	26.5K	$21.21	Direct	F3, F5
holding	TPB	Options (2017)						16.8K	May 8, 2023	Common Stock	16.8K	$15.41	Direct	F2, F5
holding	TPB	Options (2014)						4.7K	May 8, 2023	Common Stock	4.7K	$3.83	Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The options vested and became exercisable as to 50% of the underlying shares on August 8, 2014, 25% of the underlying shares on August 8, 2015 and 25% of the underlying shares on August 8, 2016.
F2	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.
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	Granted pursuant to the issuer's 2006 Equity Incentive Plan.
F5	Granted pursuant to the issuer's 2015 Equity Incentive Plan.
F6	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.
F7	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.
F8	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.
F9	The reported transaction involved the reporting person's receipt of a grant of 3,216 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The total reported in Column 5 includes the newly 3,216 awarded restricted stock units and 357,507 shares of common stock.