Turning Point Brands, Inc. — Director's Dealing 2025

Mar 5, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Turning Point Brands, Inc. (TPB)
CIK: 0001290677
Period of Report: 2025-03-03

Reporting Person: Glazek David Edward (Director, Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-03	Common Stock	A	19761	$70.34	Acquired	120011	Direct
2025-03-03	Common Stock	F	1275	$70.34	Disposed	118736	Direct
2025-03-03	Common Stock	A	5259	$70.34	Acquired	123995	Direct
2025-03-03	Common Stock	A	4411	$70.34	Acquired	128406	Direct
2025-03-03	Common Stock	F	2027	$70.34	Disposed	126379	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-03-11	Options	$27.19	A	54289	Acquired	2034-03-11	Common Stock (54289)	Direct
2023-05-12	Options	$20.71	A	77519	Acquired	2033-05-12	Common Stock (77519)	Direct

Footnotes

F1: Options granted under the Turning Point Brands, Inc. 2021 Equity Incentive Plan. The options vest and become exercisable as to 25% of the underlying shares on the last day of each calendar quarter of the 2023 calendar year.

F2: Options granted under the Turning Point Brands, Inc. 2021 Equity Incentive Plan. The options vest and become exercisable as to 25% of the underlying shares on the last day of each calendar quarter of the 2024 calendar year.

F3: The reported transaction involved the reporting person's receipt of a grant of 19,761 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The total reported in Column 5 includes 46,036 restricted stock units and 73,975 shares of common stock.

F4: 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 35,252 restricted stock units and 83,484 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 35,252 restricted stock units and 88,743 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 35,252 restricted stock units and 93,154 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 35,252 restricted stock units and 91,127 shares of common stock (which includes a total of 13,368 shares of common stock that have been deferred into the Company Non-Qualified Deferred Plan and will be settled in accordance with the terms thereof).