Lorenzo de Plano - 01 Apr 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
01 Apr 2024
Net transactions value
-$13,948
Form type
4
Filing time
03 Apr 2024, 18:18:43 UTC
Previous filing
18 Mar 2024
Next filing
18 Jun 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 $13,948 -479 -1.5% $29.12 30,896 01 Apr 2024 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 01 Apr 2024 Common Stock 1,386 $14.85 Direct F1
holding TPB Options (2021) 2,100 01 Apr 2024 Common Stock 2,100 $51.75 Direct F2
holding TPB Options (2022) 2,500 01 Apr 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 The reported transaction involves shares withheld for the payment of taxes related to restricted stock units that have vested on 4/1/2024.
F5 The total reported in Column 5 includes 7,179 restricted stock units and 23,717 shares of common stock.