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  4. [Form 4] Turning Point Brands, Inc. Insider Trading Activity

TPB insider sells 46,470 shares; post-sale holdings 280,368

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Turning Point Brands (TPB) reported insider activity by a director, who sold common stock over three consecutive days. On 11/11/2025, the director sold 15,000 shares at a weighted average price of $99.89. On 11/12/2025, 21,069 shares were sold at a weighted average price of $100.02. On 11/13/2025, 10,401 shares were sold at a weighted average price of $99.03. The reported prices reflect multiple trades within disclosed ranges.

Following the transactions, beneficial ownership reported in Column 5 progressed to 315,186, then 290,765, and finally 280,368 shares, all held directly. The filing also lists outstanding stock options with various exercise prices and expirations under the company’s equity plan.

Positive

  • None.

Negative

  • None.
Insider Wexler Lawrence
Role Director
Sold 46,470 shs ($4.64M)
Type Security Shares Price Value
Sale Common Stock 10,401 $99.03 $1.03M
Sale Common Stock 21,069 $100.02 $2.11M
Sale Common Stock 15,000 $99.89 $1.50M
holding Options -- -- --
holding Options -- -- --
holding Options -- -- --
holding Options -- -- --
holding Options -- -- --
Holdings After Transaction: Common Stock — 280,368 shares (Direct); Options — 114,719 shares (Direct)
Footnotes (12)
  1. 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.
  2. 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.
  3. F3. Granted pursuant to the issuer's 2015 Equity Incentive Plan.
  4. 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.
  5. 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.
  6. 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.
  7. F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.43 to $101.33.
  8. F8. The total reported in Column 5 includes 3,352 restricted stock units and 311,834 shares of common stock.
  9. F9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.05 to $101.27.
  10. F10. The total reported in Column 5 includes 3,352 restricted stock units and 290,765 shares of common stock.
  11. F11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.25 to $100.05.
  12. F12. The total reported in Column 5 includes 3,352 restricted stock units and 280,364 shares of common stock.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transactions did TPB disclose on Form 4?
A director sold 15,000 shares on 11/11/2025, 21,069 on 11/12/2025, and 10,401 on 11/13/2025.

What prices were reported for the TPB share sales?
Weighted average prices were $99.89 (11/11), $100.02 (11/12), and $99.03 (11/13), each reflecting multiple trades within specified ranges.

How many TPB shares did the reporting person own after the final transaction?
Beneficial ownership reported was 280,368 shares held directly after 11/13/2025.

What was the total number of TPB shares sold across the three days?
46,470 shares in total (15,000 + 21,069 + 10,401).

What is the reporting person’s relationship to Turning Point Brands (TPB)?
Director, filing individually.

Does the filing mention derivative securities for the TPB insider?
Yes, it lists outstanding stock options with specified exercise prices and expiration dates under the equity plan.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Wexler Lawrence
(Last) (First) (Middle)
5201 INTERCHANGE WAY
(Street)
LOUISVILLE KY 40229
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Turning Point Brands, Inc. [ TPB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/11/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/11/2025 S 15,000 D $99.89(7) 315,186(8) D
Common Stock 11/12/2025 S 21,069 D $100.02(9) 290,765(10) D
Common Stock 11/13/2025 S 10,401 D $99.03(11) 280,368(12) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options(3) $51.75 (6) 02/18/2031 Common Stock 15,900 15,900 D
Options(3) $14.85 (5) 03/18/2030 Common Stock 20,000 20,000 D
Options(3) $47.58 (4) 03/20/2029 Common Stock 35,500 35,500 D
Options(3) $21.21 (2) 03/07/2028 Common Stock 26,500 26,500 D
Options(3) $15.41 (1) 05/17/2027 Common Stock 16,819 16,819 D
Explanation of Responses:
1. 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.
2. 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.
3. Granted pursuant to the issuer's 2015 Equity Incentive Plan.
4. 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.
5. 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.
6. 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.
7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.43 to $101.33.
8. The total reported in Column 5 includes 3,352 restricted stock units and 311,834 shares of common stock.
9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.05 to $101.27.
10. The total reported in Column 5 includes 3,352 restricted stock units and 290,765 shares of common stock.
11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.25 to $100.05.
12. The total reported in Column 5 includes 3,352 restricted stock units and 280,364 shares of common stock.
/s/ Lawrence Wexler 11/13/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR