Graham Purdy - 05 Aug 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
05 Aug 2024
Net transactions value
-$84,891
Form type
4
Filing time
06 Aug 2024, 19:19:52 UTC
Previous filing
03 Apr 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 $19,977 +5,216 +2.5% $3.83 213,048 05 Aug 2024 Direct F11
transaction TPB Common Stock Tax liability $84,891 -2,394 -1.1% $35.46 210,654 05 Aug 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 $19,977 -5,216 -100% $3.83 0 05 Aug 2024 Common Stock 5,216 $3.83 Direct F1, F3
holding TPB Options 12,000 05 Aug 2024 Common Stock 12,000 $30.46 Direct F2, F10
holding TPB Options 9,000 05 Aug 2024 Common Stock 9,000 $51.75 Direct F4, F9
holding TPB Options 11,000 05 Aug 2024 Common Stock 11,000 $14.85 Direct F4, F8
holding TPB Options 5,500 05 Aug 2024 Common Stock 5,500 $47.58 Direct F4, F7
holding TPB Options 8,900 05 Aug 2024 Common Stock 8,900 $21.21 Direct F4, F6
holding TPB Options 5,000 05 Aug 2024 Common Stock 5,000 $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.