Gregory H.A. Baxter - Aug 6, 2024 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Director
Signature
/s/ Gregory H.A. Baxter
Stock symbol
TPB
Transactions as of
Aug 6, 2024
Transactions value $
-$237,798
Form type
4
Date filed
8/7/2024, 09:01 PM
Previous filing
May 10, 2024
Next filing
Aug 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPB Common Stock Options Exercise $54.9K +14.3K +35.1% $3.83 55.2K Aug 6, 2024 Direct F3
transaction TPB Common Stock Tax liability -$238K -6.66K -12.07% $35.70 48.5K Aug 6, 2024 Direct F4

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 (2014) Options Exercise -$54.9K -14.3K -100% $3.83 0 Aug 6, 2024 Common Stock 14.3K $3.83 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant pursuant to the Issuer's 2006 Equity Incentive Plan.
F2 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.
F3 The reported transaction involved the reporting person's exercise of 14,344 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 52,790 shares of common stock.
F4 The reported transaction involves shares withheld for the payment of taxes and exercise costs related to the options exercised 8/6/2024.