Luis Reformina - Mar 1, 2024 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role: Sr VP, CFO
Signature: /s/ Luis Reformina
Stock symbol: TPB
Transactions as of: Mar 1, 2024
Transactions value $: $26,706
Form type: 4
Date filed: 3/5/2024, 08:23 PM
Previous filing: May 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPB	Common Stock	Award	$42.4K	+1.6K	+20.04%	$26.52	9.58K	Mar 1, 2024	Direct	F7
transaction	TPB	Common Stock	Tax liability	-$15.7K	-592	-6.18%	$26.52	8.99K	Mar 1, 2024	Direct	F8

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						4K	Mar 1, 2024	Common Stock	4K	$30.46	Direct	F5, F6
holding	TPB	Options						12K	Mar 1, 2024	Common Stock	12K	$47.76	Direct	F1, F4
holding	TPB	Options						4.5K	Mar 1, 2024	Common Stock	4.5K	$51.75	Direct	F1, F4
holding	TPB	Options						4K	Mar 1, 2024	Common Stock	4K	$14.85	Direct	F1, F3
holding	TPB	Options						25K	Mar 1, 2024	Common Stock	25K	$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 shares issued upon settlement of performance restricted stock units granted to the reporting person in May 2023. The compensation committee of the Board of Directors determined that the performance criteria were met on March 1, 2024. The total reported in Column 5 includes 7,328 restricted stock units and 2,249 shares of common stock.
F8	The reported transaction involves shares withheld for the payment of taxes related to performance restricted stock units that the performance criteria were met on March 1, 2024. The total reported in Column 5 includes 7,328 restricted stock units and 1,657 shares of common stock.