Graham Purdy - 10 Feb 2023 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role: President and CEO
Signature: /s/ Graham Purdy
Issuer symbol: TPB
Transactions as of: 10 Feb 2023
Net transactions value: +$178,546
Form type: 4
Filing time: 14 Feb 2023, 20:19:38 UTC
Previous filing: 16 Mar 2022
Next filing: 09 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPB	Common Stock	Award	$227,100	+10,000	+7.2%	$22.71	148,984	10 Feb 2023	Direct	F11
transaction	TPB	Common Stock	Tax liability	$58,592	-2,580	-1.7%	$22.71	146,404	10 Feb 2023	Direct	F12
transaction	TPB	Common Stock	Award	$10,038	+442	+0.3%	$22.71	146,846	10 Feb 2023	Direct	F13

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 (2022)						12,000	10 Feb 2023	Common Stock	12,000	$30.46	Direct	F2, F10
holding	TPB	Options (2021)						9,000	10 Feb 2023	Common Stock	9,000	$51.75	Direct	F4, F9
holding	TPB	Options (2020)						11,000	10 Feb 2023	Common Stock	11,000	$14.85	Direct	F4, F8
holding	TPB	Options (2019)						5,500	10 Feb 2023	Common Stock	5,500	$47.58	Direct	F4, F7
holding	TPB	Options (2018)						8,900	10 Feb 2023	Common Stock	8,900	$21.21	Direct	F4, F6
holding	TPB	Options (2017)						5,000	10 Feb 2023	Common Stock	5,000	$15.41	Direct	F4, F5
holding	TPB	Options (2014)						5,216	10 Feb 2023	Common Stock	5,216	$3.83	Direct	F1, F3

* 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	Represents shares issued upon settlement of performance restricted stock units granted to the reporting person in March 2018. The compensation committee of the Board of Directors determined that the performance criteria were met on February 10, 2022. The total reported in Column 5 includes 2,500 restricted stock units and 148,984 shares of common stock.
F12	The reported transaction involves shares withheld for the payment of taxes related to performance restricted stock units that the performance criteria were met on February 10, 2023. The total reported in Column 5 includes 146,404 restricted stock units and 1,592 shares of common stock.
F13	The reported transaction involves shares received as dividends related to performance restricted stock units that the performance criteria were met on February 10, 2023. The total reported in Column 5 includes 2,500 restricted stock units and 146,846 shares of common stock.