Lawrence Wexler - Jun 11, 2024 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Director
Signature
/s/ Lawrence Wexler
Stock symbol
TPB
Transactions as of
Jun 11, 2024
Transactions value $
-$148,221
Form type
4
Date filed
6/12/2024, 05:57 PM
Previous filing
May 10, 2024
Next filing
Jan 6, 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 $18K +4.7K +1.28% $3.83 372K Jun 11, 2024 Direct F9
transaction TPB Common Stock Sale -$148K -4.7K -1.26% $31.57 368K Jun 11, 2024 Direct F10

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 -$18K -4.7K -100% $3.83 0 Jun 11, 2024 Common Stock 4.7K $3.83 Direct F1, F4
holding TPB Options 15.9K Jun 11, 2024 Common Stock 15.9K $51.75 Direct F5, F8
holding TPB Options 20K Jun 11, 2024 Common Stock 20K $14.85 Direct F5, F7
holding TPB Options 35.5K Jun 11, 2024 Common Stock 35.5K $47.58 Direct F5, F6
holding TPB Options 26.5K Jun 11, 2024 Common Stock 26.5K $21.21 Direct F3, F5
holding TPB Options 16.8K Jun 11, 2024 Common Stock 16.8K $15.41 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 Granted pursuant to the issuer's 2006 Equity Incentive Plan.
F5 Granted pursuant to the issuer's 2015 Equity Incentive Plan.
F6 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.
F7 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.
F8 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.
F9 The reported transaction involved the reporting person's exercise of 4,695 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 369,981 shares of common stock.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.29 to $31.80.