Lorenzo De Plano - Apr 1, 2025 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Officer
Signature
/s/ Lorenzo DePlano
Stock symbol
TPB
Transactions as of
Apr 1, 2025
Transactions value $
$0
Form type
4
Date filed
4/1/2025, 06:13 PM
Previous filing
Mar 5, 2025
SEC
View on sec.gov

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 Apr 1, 2025 Common Stock 1.39K $14.85 Direct F1
holding TPB Options (2021) 2.1K Apr 1, 2025 Common Stock 2.1K $51.75 Direct F2
holding TPB Options (2022) 2.5K Apr 1, 2025 Common Stock 2.5K $30.46 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Lorenzo De Plano is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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.

Remarks:

This "Exit" Form 4 is voluntarily filed to report that the Reporting Person was appointed as Chief Executive Officer of ALP Supply Co, LLC and will no longer serve as the Company's Chief of Strategy, and therefore is no longer subject to Section 16 reporting. The Reporting Person did not have any transactions in the Issuer's securities during the time that he was a Section 16 reporting person other than those previously disclosed in his filings.