Graham Purdy - Aug 5, 2024 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
President and CEO, Director
Signature
/s/ Graham Purdy
Stock symbol
TPB
Transactions as of
Aug 5, 2024
Transactions value $
-$84,891
Form type
4
Date filed
8/6/2024, 07:19 PM
Previous filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPB Common Stock Options Exercise $20K +5.22K +2.51% $3.83 213K Aug 5, 2024 Direct F11
transaction TPB Common Stock Tax liability -$84.9K -2.39K -1.12% $35.46 211K Aug 5, 2024 Direct 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
transaction TPB Options Options Exercise -$20K -5.22K -100% $3.83 0 Aug 5, 2024 Common Stock 5.22K $3.83 Direct F1, F3
holding TPB Options 12K Aug 5, 2024 Common Stock 12K $30.46 Direct F2, F10
holding TPB Options 9K Aug 5, 2024 Common Stock 9K $51.75 Direct F4, F9
holding TPB Options 11K Aug 5, 2024 Common Stock 11K $14.85 Direct F4, F8
holding TPB Options 5.5K Aug 5, 2024 Common Stock 5.5K $47.58 Direct F4, F7
holding TPB Options 8.9K Aug 5, 2024 Common Stock 8.9K $21.21 Direct F4, F6
holding TPB Options 5K Aug 5, 2024 Common Stock 5K $15.41 Direct F4, F5
* 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 involved the reporting person's exercise of 5,216 options granted under Turning Point Brands, Inc,'s 2006 Equity Incentive Plan. The total reported in Column 5 includes 42,922 restricted stock units and 170,126 shares of common stock.
F12 The reported transaction involves shares withheld for the payment of taxes and exercise costs related to the options exercised 8/5/2024.