Brittani Cushman - Mar 1, 2024 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: Mar 1, 2024
Transactions value $: $178,851
Form type: 4
Date filed: 3/5/2024, 09:22 PM
Previous filing: Feb 5, 2024
Next filing: Apr 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPB	Common Stock	Award	$51.6K	+1.95K	+10.34%	$26.52	20.8K	Mar 1, 2024	Direct	F10
transaction	TPB	Common Stock	Tax liability	-$17.1K	-643	-3.1%	$26.52	20.1K	Mar 1, 2024	Direct	F11
transaction	TPB	Common Stock	Award	$144K	+5.44K	+27.03%	$26.52	25.6K	Mar 1, 2024	Direct	F12
holding	TPB	Common Stock						407	Mar 1, 2024	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	Mar 1, 2024	Common Stock	8K	$30.46	Direct	F8, F9
holding	TPB	Options						7K	Mar 1, 2024	Common Stock	7K	$51.75	Direct	F2, F3
holding	TPB	Options						6K	Mar 1, 2024	Common Stock	6K	$14.85	Direct	F2, F4
holding	TPB	Options						4.8K	Mar 1, 2024	Common Stock	4.8K	$47.58	Direct	F2, F5
holding	TPB	Options						4.5K	Mar 1, 2024	Common Stock	4.5K	$21.21	Direct	F2, F6
holding	TPB	Options						3.25K	Mar 1, 2024	Common Stock	3.25K	$15.41	Direct	F2, F7
holding	TPB	Options						20K	Mar 1, 2024	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 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 8,985 restricted stock units and 11,789 shares of common stock.
F11	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 8,985 restricted stock units and 11,146 shares of common stock.
F12	The reported transaction involved the reporting person's receipt of a grant of 5,441 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The total reported in Column 5 includes 14,426 restricted stock units and 11,146 shares of common stock.