Lorenzo De Plano - Jan 2, 2025 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Chief Strategy Officer
Signature
/s/ Lorenzo De Plano
Stock symbol
TPB
Transactions as of
Jan 2, 2025
Transactions value $
-$10,553
Form type
4
Date filed
1/6/2025, 07:19 PM
Previous filing
Jun 18, 2024
Next filing
Mar 5, 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 -$10.6K -174 -0.5% $60.65 34.7K Jan 2, 2025 Direct F4, F5

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 (2020) 1.39K Jan 2, 2025 Common Stock 1.39K $14.85 Direct F1
holding TPB Options (2021) 2.1K Jan 2, 2025 Common Stock 2.1K $51.75 Direct F2
holding TPB Options (2022) 2.5K Jan 2, 2025 Common Stock 2.5K $30.46 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options granted under the Turning Point Brands, Inc. 2015 Equity Incentive Plan. 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.
F2 Options granted under the Turning Point Brands, Inc. 2015 Equity Incentive Plan. 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.
F3 Options granted under the Turning Point Brands, Inc. 2021 Equity Incentive Plan. 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.
F4 The reported transaction involves shares withheld for the payment of taxes related to restricted stock units that have vested on 1/2/2025.
F5 The total reported in Column 5 includes 6,754 restricted stock units and 27,968 shares of common stock.