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

Role
Chief Strategy Officer
Signature
/s/ Lorenzo De Plano
Stock symbol
TPB
Transactions as of
Mar 14, 2024
Transactions value $
$420,753
Form type
4
Date filed
3/18/2024, 09:17 AM
Previous filing
Mar 13, 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 Purchase $421K +15K +92.11% $27.97 31.4K Mar 14, 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) 1.39K Mar 14, 2024 Common Stock 1.39K $14.85 Direct F1
holding TPB Options (2021) 2.1K Mar 14, 2024 Common Stock 2.1K $51.75 Direct F2
holding TPB Options (2022) 2.5K Mar 14, 2024 Common Stock 2.5K $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.