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: Wexler Lawrence (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-03	Common Stock	A	13210	$70.34	Acquired	379238	Direct
2025-03-03	Common Stock	A	975	$70.34	Acquired	380213	Direct
2025-03-03	Common Stock	F	4675	$70.34	Disposed	375538	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options	$51.7500	2031-02-18	Common Stock (15900)	15900	Direct
Options	$14.8500	2030-03-18	Common Stock (20000)	20000	Direct
Options	$47.5800	2029-03-20	Common Stock (35500)	35500	Direct
Options	$21.2100	2028-03-07	Common Stock (26500)	26500	Direct
Options	$15.4100	2027-05-17	Common Stock (16819)	16819	Direct

Footnotes

F1: 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.

F2: 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.

F3: Granted pursuant to the issuer's 2015 Equity Incentive Plan.

F4: 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.

F5: 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.

F6: 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.

F7: 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 4,709 restricted stock units and 379,238 shares of common stock.

F8: 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 4,709 restricted stock units and 380,213 shares of common stock.

F9: 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 4,709 restricted stock units and 375,538 shares of common stock.