Graham Purdy - Mar 3, 2025 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
President and CEO, Director
Signature
/s/ Graham Purdy
Stock symbol
TPB
Transactions as of
Mar 3, 2025
Transactions value $
$1,200,282
Form type
4
Date filed
3/5/2025, 07:58 PM
Previous 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 Award $600K +8.53K +4.05% $70.34 219K Mar 3, 2025 Direct F9
transaction TPB Common Stock Tax liability -$459K -6.53K -2.98% $70.34 212K Mar 3, 2025 Direct F10
transaction TPB Common Stock Award $417K +5.92K +2.79% $70.34 218K Mar 3, 2025 Direct F11
transaction TPB Common Stock Award $49.4K +702 +0.32% $70.34 219K Mar 3, 2025 Direct F12
transaction TPB Common Stock Award $569K +8.09K +3.69% $70.34 227K Mar 3, 2025 Direct F13
transaction TPB Common Stock Award $477K +6.79K +2.99% $70.34 234K Mar 3, 2025 Direct F14
transaction TPB Common Stock Tax liability -$453K -6.44K -2.75% $70.34 227K Mar 3, 2025 Direct F15

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 12K Mar 3, 2025 Common Stock 12K $30.46 Direct F1, F8
holding TPB Options 9K Mar 3, 2025 Common Stock 9K $51.75 Direct F2, F7
holding TPB Options 11K Mar 3, 2025 Common Stock 11K $14.85 Direct F2, F6
holding TPB Options 5.5K Mar 3, 2025 Common Stock 5.5K $47.58 Direct F2, F5
holding TPB Options 8.9K Mar 3, 2025 Common Stock 8.9K $21.21 Direct F2, F4
holding TPB Options 5K Mar 3, 2025 Common Stock 5K $15.41 Direct F2, 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 2021 Equity Incentive Plan.
F2 Granted pursuant to the issuer's 2015 Equity Incentive Plan.
F3 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.
F4 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.
F5 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.
F6 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.
F7 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.
F8 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.
F9 The reported transaction involved the reporting person's receipt of a grant of 8,530 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The total reported in Column 5 includes 50,602 restricted stock units and 168,330 shares of common stock.
F10 The reported transaction involves shares withheld for the payment of taxes related to restricted stock units that have vested on March 3, 2025. The total reported in Column 5 includes 34,011 RSUs and 178,394 shares of Common Stock.
F11 Represents shares issued upon settlement of performance restricted stock units granted to the reporting person in March 2020. The compensation committee of the Board of Directors determined that the performance criteria were met on March 3, 2025. The total reported in Column 5 includes 34,011 restricted stock units and 184,316 shares of common stock.
F12 Represents shares issued upon settlement of performance restricted stock units granted to the reporting person in March 2022. The compensation committee of the Board of Directors determined that the performance criteria were met on March 3, 2025. The total reported in Column 5 includes 34,011 restricted stock units and 185,018 shares of common stock.
F13 Represents shares issued upon settlement of performance restricted stock units granted to the reporting person in May 2023. The compensation committee of the Board of Directors determined that the performance criteria were met on March 3, 2025. The total reported in Column 5 includes 34,011 restricted stock units and 193,108 shares of common stock.
F14 Represents shares issued upon settlement of performance restricted stock units granted to the reporting person in March 2024. The compensation committee of the Board of Directors determined that the performance criteria were met on March 3, 2025. The total reported in Column 5 includes 34,011 restricted stock units and 199,895 shares of common stock.
F15 The reported transaction involves shares withheld for the payment of taxes related to performance restricted stock units that the performance criteria were met on March 3, 2025. The total reported in Column 5 includes 34,011 restricted stock units and 193,455 shares of common stock.