Turning Point Brands, Inc. — Director's Dealing 2024

Mar 5, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Turning Point Brands, Inc. (TPB)
CIK: 0001290677
Period of Report: 2024-03-01

Reporting Person: Purdy Graham (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-03-01	Common Stock	A	8090	$26.52	Acquired	189409	Direct
2024-03-01	Common Stock	F	1969	$26.52	Disposed	187440	Direct
2024-03-01	Common Stock	A	22624	$26.52	Acquired	210064	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options	$30.46	2032-03-14	Common Stock (12000)	12000	Direct
Options	$51.75	2031-02-18	Common Stock (9000)	9000	Direct
Options	$14.85	2030-03-18	Common Stock (11000)	11000	Direct
Options	$47.58	2029-03-20	Common Stock (5500)	5500	Direct
Options	$21.21	2028-03-07	Common Stock (8900)	8900	Direct
Options	$15.41	2027-05-17	Common Stock (5000)	5000	Direct
Options	$3.83	2024-08-08	Common Stock (5216)	5216	Direct

Footnotes

F1: Granted pursuant to the issuer's 2006 Equity Plan

F2: Granted pursuant to the issuer's 2021 Equity Incentive Plan.

F3: The options vested and became exercisable as to 50% of the underlying shares on August 8, 2014, 25% of the underlying shares on August 8, 2015 and 25% of the underlying shares on August 8, 2016.

F4: Granted pursuant to the issuer's 2015 Equity Incentive Plan.

F5: 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.

F6: 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.

F7: 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.

F8: 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.

F9: 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.

F10: 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.

F11: 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 1, 2024. The total reported in Column 5 includes 29,466 restricted stock units and 159,943 shares of common stock.

F12: 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 1, 2024. The total reported in Column 5 includes 29,466 restricted stock units and 157,974 shares of common stock.

F13: The reported transaction involved the reporting person's receipt of a grant of 22,624 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The total reported in Column 5 includes 52,090 restricted stock units and 157,974 shares of common stock.