Lorenzo De Plano - Mar 3, 2025 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role: Chief Strategy Officer
Signature: /s/ Lorenzo DePlano
Stock symbol: TPB
Transactions as of: Mar 3, 2025
Transactions value $: $313,224
Form type: 4
Date filed: 3/5/2025, 09:34 PM
Previous filing: Jan 6, 2025
Next filing: Apr 1, 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	$101K	+1.43K	+4.13%	$70.34	36.2K	Mar 3, 2025	Direct	F4
transaction	TPB	Common Stock	Tax liability	-$61.1K	-869	-2.4%	$70.34	35.3K	Mar 3, 2025	Direct	F5
transaction	TPB	Common Stock	Award	$256K	+3.64K	+10.33%	$70.34	38.9K	Mar 3, 2025	Direct	F6
transaction	TPB	Common Stock	Award	$24.7K	+351	+0.9%	$70.34	39.3K	Mar 3, 2025	Direct	F7
transaction	TPB	Common Stock	Award	$83.5K	+1.19K	+3.02%	$70.34	40.5K	Mar 3, 2025	Direct	F8
transaction	TPB	Common Stock	Award	$70K	+995	+2.46%	$70.34	41.5K	Mar 3, 2025	Direct	F9
transaction	TPB	Common Stock	Tax liability	-$161K	-2.29K	-5.52%	$70.34	39.2K	Mar 3, 2025	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
holding	TPB	Options (2020)						1.39K	Mar 3, 2025	Common Stock	1.39K	$14.85	Direct	F1
holding	TPB	Options (2021)						2.1K	Mar 3, 2025	Common Stock	2.1K	$51.75	Direct	F2
holding	TPB	Options (2022)						2.5K	Mar 3, 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 involved the reporting person's receipt of a grant of 1,433 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The total reported in Column 5 includes 8,187 restricted stock units and 27,968 shares of common stock.
F5	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 5,754 RSUs and 29,532 shares of Common Stock.
F6	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 5,754 restricted stock units and 33,176 shares of common stock.
F7	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 5,754 restricted stock units and 33,527 shares of common stock.
F8	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 5,754 restricted stock units and 34,714 shares of common stock.
F9	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 5,754 restricted stock units and 35,709 shares of common stock.
F10	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 5,754 restricted stock units and 33,421 shares of common stock.