TPB director granted 1,295 restricted stock units

Baxter Gregory H.A. reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 05/13/2026 - 08:21 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Baxter Gregory H.A. reported acquisition or exercise transactions in this Form 4 filing.

Turning Point Brands director Baxter Gregory H.A. received an equity grant of 1,295 restricted stock units (RSUs) of common stock on May 11, 2026, valued at $92.71 per unit. After this award, his direct holdings total 40,214 shares and units, including 38,919 shares of common stock and the newly granted RSUs, reflecting routine compensation under the company’s 2021 Equity Incentive Plan rather than an open-market purchase.

Insider Trade Summary

Grant/Award: 1,295 shares

Grant/Award 1 txn

Insider Baxter Gregory H.A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,295	$92.71	$120K

Holdings After Transaction: Common Stock — 40,214 shares (Direct)

Holdings Before and After: Common Stock, 38,919 to 40,214 shares (Direct)

Footnotes (1)

1. F1. The reported transaction involved the reporting person's receipt of a grant of 1,295 restricted stock units under Turning Point Brands, Inc.'s 2021 Equity Incentive Plan. The total reported in Column 5 includes the newly awarded 1,295 restricted stock units and 38,919 shares of common stock.

Key Figures

RSU grant size: 1,295 restricted stock units Grant valuation price: $92.71 per unit Total holdings after transaction: 40,214 shares and units +1 more

4 metrics

RSU grant size 1,295 restricted stock units Equity grant to director on May 11, 2026

Grant valuation price $92.71 per unit Reported transaction price per restricted stock unit

Total holdings after transaction 40,214 shares and units Director’s position following RSU grant

Common stock component 38,919 shares Common stock included in total post-transaction holdings

Key Terms

restricted stock units, Equity Incentive Plan, grant, award, or other acquisition

3 terms

restricted stock units financial

"receipt of a grant of 1,295 restricted stock units under Turning Point Brands, Inc.'s 2021 Equity Incentive Plan"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Equity Incentive Plan financial

"under Turning Point Brands, Inc.'s 2021 Equity Incentive Plan"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Turning Point Brands (TPB) report for Baxter Gregory H.A.?

Turning Point Brands reported that director Baxter Gregory H.A. received a grant of 1,295 restricted stock units on May 11, 2026. The award was made under the company’s 2021 Equity Incentive Plan as routine equity compensation, not through an open-market stock purchase.

How many shares does Baxter Gregory H.A. hold after this TPB Form 4 transaction?

After the grant, Baxter Gregory H.A. holds a total of 40,214 shares and units. This includes 38,919 shares of Turning Point Brands common stock plus the newly awarded 1,295 restricted stock units reported in the Form 4 filing and related footnote.

Was the May 11, 2026 TPB insider transaction a stock purchase or a grant?

The May 11, 2026 transaction was a grant of restricted stock units, not an open-market stock purchase. The Form 4 shows transaction code “A” and describes it as a grant or award acquisition under the 2021 Equity Incentive Plan for 1,295 RSUs at $92.71 each.

What price was used for Baxter Gregory H.A.’s TPB restricted stock unit grant?

The Form 4 reports a transaction price of $92.71 per restricted stock unit for the 1,295-unit grant. This figure typically reflects the fair value used for reporting, and it helps quantify the size of the compensation-related equity award disclosed in the filing.

Is the TPB Form 4 transaction by Baxter Gregory H.A. considered a buy or sell signal?

The Form 4 reflects an equity grant, not a buy or sell decision in the open market. It represents routine director compensation in the form of 1,295 restricted stock units, so it carries less informational weight than discretionary insider purchases or sales of existing holdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Baxter Gregory H.A.

(Last) (First) (Middle)

5201 INTERCHANGE WAY

(Street)

LOUISVILLE KENTUCKY 40229

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/11/2026		A		1,295	A	$92.71	40,214(1)	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

Explanation of Responses:

1. The reported transaction involved the reporting person's receipt of a grant of 1,295 restricted stock units under Turning Point Brands, Inc.'s 2021 Equity Incentive Plan. The total reported in Column 5 includes the newly awarded 1,295 restricted stock units and 38,919 shares of common stock.

	/s/ Gregory Baxter	05/13/2026
	** 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.
* Form 4: SEC 1474 (03-26)