Lorenzo de Plano - 14 Mar 2024 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Chief Strategy Officer
Signature
/s/ Lorenzo De Plano
Issuer symbol
TPB
Transactions as of
14 Mar 2024
Net transactions value
+$420,753
Form type
4
Filing time
18 Mar 2024, 09:17:02 UTC
Previous filing
13 Mar 2024
Next filing
03 Apr 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 Purchase $420,753 +15,043 +92% $27.97 31,375 14 Mar 2023 Direct F4, F5

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 (2020) 1,386 14 Mar 2024 Common Stock 1,386 $14.85 Direct F1
holding TPB Options (2021) 2,100 14 Mar 2024 Common Stock 2,100 $51.75 Direct F2
holding TPB Options (2022) 2,500 14 Mar 2024 Common Stock 2,500 $30.46 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options granted under the Turning Point Brands, Inc. 2015 Equity Incentive Plan. 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.
F2 Options granted under the Turning Point Brands, Inc. 2015 Equity Incentive Plan. 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.
F3 Options granted under the Turning Point Brands, Inc. 2021 Equity Incentive Plan. 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.
F4 Weighted average purchase price. On 03/14/2024, the reporting person purchased the shares within a range of $27.90 to $28.06. The reporting person will provide upon request by the Commission Staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price
F5 The total reported in Column 5 includes 8,523 restricted stock units and 22,852 shares of common stock.