David Edward Glazek - 19 Dec 2025 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role: Executive Chairman, Director
Signature: /s/ David Glazek
Issuer symbol: TPB
Transactions as of: 19 Dec 2025
Net transactions value: -$3,307,800
Form type: 4
Filing time: 23 Dec 2025, 21:37:33 UTC
Previous filing: 04 Jun 2025
Next filing: 03 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Glazek David Edward	Executive Chairman, Director	5201 INTERCHANGE WAY, LOUISVILLE	/s/ David Glazek	23 Dec 2025	0001616437

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPB	Common Stock	Options Exercise	$621,300	+30,000	+24%	$20.71	157,083	19 Dec 2025	Direct	F1
transaction	TPB	Common Stock	Sale	$3,307,800	-30,000	-19%	$110.26	127,083	19 Dec 2025	Direct	F2

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	$621,300	-30,000	-39%	$20.71	47,519	19 Dec 2025	Common Stock	77,519	$20.71	Direct	F1
transaction	TPB	Forward contract	Other		+78,000			78,000	19 Dec 2025	Common Stock	78,000		Direct	F4, F5
holding	TPB	Options						54,289	19 Dec 2025	Common Stock	54,289	$27.19	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The reported transaction involved the reporting person's exercise of 30,000 options granted under 2021 Equity Incentive Plan. The total reported in Column 5 includes 35,956 restricted stock units and 91,127 shares of common stock.
F2	The reported transaction involves the sale of 30,000 shares of common stock received upon exercise of the options described in footnote 1.
F3	Options granted under the Turning Point Brands, Inc. 2021 Equity Incentive Plan.
F4	On December 19, 2025, the reporting person revised a previously disclosed financing transaction with an unaffiliated dealer dated June 4, 2025 that had the effect of canceling the transaction initially contemplated by the contract and commencing a new transaction to reflect the current stock price and extend the duration of the contract. Under the revised financing the reporting person receives a gross amount of approximately $7.0 million and continues to pledge up to 78,000 shares of the issuer's common stock (the "Pledged Shares").
F5	On the revised maturity date of December 19, 2027 the reporting person is obligated to repay the lender in cash or at the reporting person's election to deliver up to 78,000 shares of the Issuer's common stock at a price per share ranging from $105.33 to $126.39 based on the then prevailing market price. The reporting person retains beneficial ownership of the Pledged Shares, including dividend and voting rights. The revised financing transaction was completed at a price per share of $110.87.