Lawrence Wexler - 11 Jun 2024 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role: Director
Signature: /s/ Lawrence Wexler
Issuer symbol: TPB
Transactions as of: 11 Jun 2024
Net transactions value: -$148,221
Form type: 4
Filing time: 12 Jun 2024, 17:57:02 UTC
Previous filing: 10 May 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	Options Exercise	$17,982	+4,695	+1.3%	$3.83	372,396	11 Jun 2024	Direct	F9
transaction	TPB	Common Stock	Sale	$148,221	-4,695	-1.3%	$31.57	367,701	11 Jun 2024	Direct	F10

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
transaction	TPB	Options	Options Exercise	$17,982	-4,695	-100%	$3.83	0	11 Jun 2024	Common Stock	4,695	$3.83	Direct	F1, F4
holding	TPB	Options						15,900	11 Jun 2024	Common Stock	15,900	$51.75	Direct	F5, F8
holding	TPB	Options						20,000	11 Jun 2024	Common Stock	20,000	$14.85	Direct	F5, F7
holding	TPB	Options						35,500	11 Jun 2024	Common Stock	35,500	$47.58	Direct	F5, F6
holding	TPB	Options						26,500	11 Jun 2024	Common Stock	26,500	$21.21	Direct	F3, F5
holding	TPB	Options						16,819	11 Jun 2024	Common Stock	16,819	$15.41	Direct	F2, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	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.
F4	Granted pursuant to the issuer's 2006 Equity Incentive Plan.
F5	Granted pursuant to the issuer's 2015 Equity Incentive Plan.
F6	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.
F7	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.
F8	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.
F9	The reported transaction involved the reporting person's exercise of 4,695 options granted under Turning Point Brands, Inc,'s 2006 Equity Incentive Plan. The total reported in Column 5 includes 2,415 restricted stock units and 369,981 shares of common stock.
F10	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.29 to $31.80.