Lawrence Wexler - 02 Jan 2025 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Director
Signature
/s/ Lawrence Wexler
Issuer symbol
TPB
Transactions as of
02 Jan 2025
Net transactions value
-$26,625
Form type
4
Filing time
06 Jan 2025, 19:24:19 UTC
Previous filing
12 Jun 2024
Next filing
05 Mar 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 Tax liability $26,625 -439 -0.12% $60.65 370,737 02 Jan 2025 Direct F7, F8

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 15,900 02 Jan 2025 Common Stock 15,900 $51.75 Direct F3, F6
holding TPB Options 20,000 02 Jan 2025 Common Stock 20,000 $14.85 Direct F3, F5
holding TPB Options 35,500 02 Jan 2025 Common Stock 35,500 $47.58 Direct F3, F4
holding TPB Options 26,500 02 Jan 2025 Common Stock 26,500 $21.21 Direct F2, F3
holding TPB Options 16,819 02 Jan 2025 Common Stock 16,819 $15.41 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 Granted pursuant to the issuer's 2015 Equity Incentive Plan.
F4 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.
F5 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.
F6 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.
F7 The reported transaction involves shares withheld for the payment of taxes related to restricted stock units that have vested on 1/2/2025.
F8 The total reported in Column 5 includes 4,709 RSUs and 366,028 shares of Common Stock