Graham Purdy - 01 Apr 2024 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
President and CEO, Director
Signature
/s/ Graham Purdy
Issuer symbol
TPB
Transactions as of
01 Apr 2024
Net transactions value
-$64,996
Form type
4
Filing time
03 Apr 2024, 18:12:25 UTC
Previous filing
05 Mar 2024
Next filing
06 Aug 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 Tax liability $64,996 -2,232 -1.1% $29.12 207,832 01 Apr 2024 Direct F11, F12

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 12,000 01 Apr 2024 Common Stock 12,000 $30.46 Direct F2, F10
holding TPB Options 9,000 01 Apr 2024 Common Stock 9,000 $51.75 Direct F4, F9
holding TPB Options 11,000 01 Apr 2024 Common Stock 11,000 $14.85 Direct F4, F8
holding TPB Options 5,500 01 Apr 2024 Common Stock 5,500 $47.58 Direct F4, F7
holding TPB Options 8,900 01 Apr 2024 Common Stock 8,900 $21.21 Direct F4, F6
holding TPB Options 5,000 01 Apr 2024 Common Stock 5,000 $15.41 Direct F4, F5
holding TPB Options 5,216 01 Apr 2024 Common Stock 5,216 $3.83 Direct F1, F3
* 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 2006 Equity Plan
F2 Granted pursuant to the issuer's 2021 Equity Incentive Plan.
F3 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.
F4 Granted pursuant to the issuer's 2015 Equity Incentive Plan.
F5 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.
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, 2020, 33% of the underlying shares on January 1, 2021 and 33% of the underlying shares on January 1, 2022.
F8 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.
F9 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.
F10 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.
F11 The reported transaction involves shares withheld for the payment of taxes related to restricted stock units that have vested on 4/1/2024.
F12 The total reported in Column 5 includes 42,922 restricted stock units and 164,910 shares of common stock.