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

Role
Sr VP, General Counsel
Signature
/s/ Brittani Cushman
Issuer symbol
TPB
Transactions as of
01 Apr 2024
Net transactions value
-$21,345
Form type
4
Filing time
03 Apr 2024, 18:16:24 UTC
Previous filing
05 Mar 2024
Next filing
06 Jan 2025
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 $21,345 -733 -2.9% $29.12 24,839 01 Apr 2024 Direct F10, F11
holding TPB Common Stock 407 01 Apr 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 8,000 01 Apr 2024 Common Stock 8,000 $30.46 Direct F8, F9
holding TPB Options 7,000 01 Apr 2024 Common Stock 7,000 $51.75 Direct F2, F3
holding TPB Options 6,000 01 Apr 2024 Common Stock 6,000 $14.85 Direct F2, F4
holding TPB Options 4,800 01 Apr 2024 Common Stock 4,800 $47.58 Direct F2, F5
holding TPB Options 4,500 01 Apr 2024 Common Stock 4,500 $21.21 Direct F2, F6
holding TPB Options 3,250 01 Apr 2024 Common Stock 3,250 $15.41 Direct F2, F7
holding TPB Options 20,000 01 Apr 2024 Common Stock 20,000 $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 The reported transaction involves shares withheld for the payment of taxes related to restricted stock units that have vested on 4/1/2024.
F11 The total reported in Column 5 includes 12,222 restricted stock units and 12,617 shares of common stock.