Gregory Baxter - 06 Aug 2024 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Director
Signature
/s/ Gregory H.A. Baxter
Issuer symbol
TPB
Transactions as of
06 Aug 2024
Net transactions value
-$237,798
Form type
4
Filing time
07 Aug 2024, 21:01:41 UTC
Previous filing
10 May 2024
Next filing
22 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPB Common Stock Options Exercise $54,938 +14,344 +35% $3.83 55,205 06 Aug 2024 Direct F3
transaction TPB Common Stock Tax liability $237,798 -6,661 -12% $35.70 48,544 06 Aug 2024 Direct F4

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
transaction TPB Options (2014) Options Exercise $54,938 -14,344 -100% $3.83 0 06 Aug 2024 Common Stock 14,344 $3.83 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant pursuant to the Issuer's 2006 Equity Incentive Plan.
F2 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.
F3 The reported transaction involved the reporting person's exercise of 14,344 options granted under Turning Point Brands, Inc,'s 2006 Equity Incentive Plan. The total reported in Column 5 includes 2,415 restricted stock units and 52,790 shares of common stock.
F4 The reported transaction involves shares withheld for the payment of taxes and exercise costs related to the options exercised 8/6/2024.