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

Role: Chief Revenue Officer
Signature: /s/ Summer Frien
Stock symbol: TPB
Transactions as of: Mar 3, 2025
Transactions value $: $238,875
Form type: 4
Date filed: 3/5/2025, 08:00 PM
Previous filing: Jun 14, 2024
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	$153K	+2.18K	+12.64%	$70.34	19.4K	Mar 3, 2025	Direct	F2
transaction	TPB	Common Stock	Tax liability	-$106K	-1.51K	-7.8%	$70.34	17.9K	Mar 3, 2025	Direct	F3
transaction	TPB	Common Stock	Award	$45.7K	+650	+3.64%	$70.34	18.5K	Mar 3, 2025	Direct	F4
transaction	TPB	Common Stock	Award	$145K	+2.06K	+11.14%	$70.34	20.6K	Mar 3, 2025	Direct	F5
transaction	TPB	Common Stock	Award	$122K	+1.73K	+8.41%	$70.34	22.3K	Mar 3, 2025	Direct	F6
transaction	TPB	Common Stock	Tax liability	-$120K	-1.71K	-7.67%	$70.34	20.6K	Mar 3, 2025	Direct	F7

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						6.27K	Mar 3, 2025	Common Stock	6.27K	$31.39	Direct	F1

* 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. 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.
F2	The reported transaction involved the reporting person's receipt of a grant of 2,175 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The total reported in Column 5 includes 14,396 restricted stock units and 4,982 shares of common stock.
F3	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 10,166 restricted stock units and 7,700 shares of common stock.
F4	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 10,166 restricted stock units and 8,350 shares of common stock.
F5	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 10,166 restricted stock units and 10,413 shares of common stock.
F6	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 10,166 restricted stock units and 12,143 shares of common stock.
F7	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 10,166 restricted stock units and 10,433 shares of common stock.