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

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4
Insider Wigginton Brian
Role Sr VP Finance & CAO
Sold 10,800 shs ($817K)
Approx. gross sale proceeds $817K
Approx. exercise cost $356K
Approx. pre-tax spread $462K
Type Security Shares Price Value
Exercise Options 750 $15.41 $12K
Exercise Options 400 $21.21 $8K
Exercise Options 400 $47.58 $19K
Exercise Options 2,500 $14.85 $37K
Exercise Options 1,750 $51.75 $91K
Exercise Options 2,500 $45.05 $113K
Exercise Options 2,500 $30.46 $76K
Exercise Common Stock 10,800 $0.00 $0.00
Sale Common Stock 10,800 $75.67 $817K
Holdings After Transaction: Options — 0 shares (Direct); Common Stock — 10,171 shares (Direct)
Footnotes (12)
  1. F1. Granted pursuant to the issuer's 2015 Equity Incentive Plan
  2. F2. Granted pursuant to the issuer's 2021 Equity Incentive Plan.
  3. F3. 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.
  4. F4. 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.
  5. F5. 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.
  6. F6. 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.
  7. F7. 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.
  8. F8. 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.
  9. F9. The reported transaction involved the reporting person's exercise of 10,800 options granted under Turning Point Brand's Inc.'s 2015 and 2021 Equity Incentive Plans, as detailed in Table II.
  10. F10. The total reported in Column 5 includes the reporting person's exercise of 10,800 options granted under Turning Point Brand's Inc.'s 2015 and 2021 Equity Incentive Plans, 5,948 restricted stock units, and 4,223 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 $76.26 to $75.35.
  12. F12. The total reported in Column 5 includes the reporting person's 5,948 restricted stock units, and 4,223 shares of common stock.

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Form 4 Insider Transactions: What Each Field Means →
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*
Wigginton Brian
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr VP Finance & CAO
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025
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 06/16/2025 M 10,800 A (9) 20,971(10) D
Common Stock 06/16/2025 S 10,800 D $75.67(11) 10,171(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(1) $15.41 06/16/2025 M 750 (3) 05/15/2027 Common Stock 750 $15.41 0 D
Options(1) $21.21 06/16/2025 M 400 (4) 03/07/2028 Common Stock 400 $21.21 0 D
Options(1) $47.58 06/16/2025 M 400 (5) 03/20/2029 Common Stock 400 $47.58 0 D
Options(1) $14.85 06/16/2025 M 2,500 (6) 03/18/2030 Common Stock 2,500 $14.85 0 D
Options(1) $51.75 06/16/2025 M 1,750 (7) 02/18/2031 Common Stock 1,750 $51.75 0 D
Options(2) $45.05 06/16/2025 M 2,500 (7) 05/17/2031 Common Stock 2,500 $45.05 0 D
Options(2) $30.46 06/16/2025 M 2,500 (8) 03/14/2032 Common Stock 2,500 $30.46 0 D
Explanation of Responses:
1. Granted pursuant to the issuer's 2015 Equity Incentive Plan
2. Granted pursuant to the issuer's 2021 Equity Incentive Plan.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
9. The reported transaction involved the reporting person's exercise of 10,800 options granted under Turning Point Brand's Inc.'s 2015 and 2021 Equity Incentive Plans, as detailed in Table II.
10. The total reported in Column 5 includes the reporting person's exercise of 10,800 options granted under Turning Point Brand's Inc.'s 2015 and 2021 Equity Incentive Plans, 5,948 restricted stock units, and 4,223 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 $76.26 to $75.35.
12. The total reported in Column 5 includes the reporting person's 5,948 restricted stock units, and 4,223 shares of common stock.
/s/ Brian Wigginton 06/18/2025
** 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