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Turning Point Brands (TPB) director gets 1,295 RSUs and reports 400,000 indirect shares

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Catsimatidis John A. Jr reported acquisition or exercise transactions in this Form 4 filing.

Turning Point Brands director John A. Catsimatidis Jr. reported an equity compensation grant and updated share holdings. He received a grant of 1,295 restricted stock units of common stock under Turning Point Brands, Inc.'s 2021 Equity Incentive Plan at a reference price of $92.71 per share. After this award, he holds 14,768 shares directly, including both common shares and the newly granted restricted stock units. Separately, an affiliated entity, United Refining, Inc., holds 400,000 shares of common stock, and this position is reported as indirectly owned. The filing notes that United Refining, Inc. is an indirect wholly owned subsidiary of Red Apple Group, Inc., and that Mr. Catsimatidis Jr., as President and Chief Operating Officer of Red Apple Group, Inc., may be deemed a beneficial owner of these shares, while he disclaims beneficial ownership except to the extent of his pecuniary interest.

Positive

  • None.

Negative

  • None.

Insights

Routine equity grant increases director’s direct and reported indirect exposure.

The filing shows John A. Catsimatidis Jr., a director of Turning Point Brands, receiving 1,295 restricted stock units under the 2021 Equity Incentive Plan at a reference value of $92.71 per unit. This is characterized as a grant/award, not an open-market purchase.

Following the grant, his direct holdings total 14,768 shares, combining common stock and the new RSUs. An additional 400,000 shares are reported as owned by United Refining, Inc., an indirect wholly owned subsidiary of Red Apple Group, Inc., which associates a sizable indirect position with him.

The footnote states he may be deemed a beneficial owner through his role at Red Apple Group, Inc., yet he disclaims beneficial ownership of United Refining, Inc.’s shares except for any pecuniary interest. This pattern aligns with routine director compensation and ownership reporting rather than signaling discretionary buying or selling.

Insider Catsimatidis John A. Jr
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,295 $92.71 $120K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 14,768 shares (Direct, null); Common Stock — 400,000 shares (Indirect, Shares owned by United Refining, Inc.)
Footnotes (1)
  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 13,473 shares of common stock. The securities reported are owned directly by United Refining, Inc., an indirect wholly owned subsidiary of Red Apple Group, Inc. Mr. Catsimatidis Jr. is the President and Chief Operating Officer of Red Apple Group, Inc., and by virtue of this position may be deemed the beneficial owner of securities owned by United Refining, Inc. Mr. Catsimatidis Jr. disclaims beneficial ownership of the securities owned by United Refining, Inc., except to the extent of his pecuniary interest therein.
RSU grant size 1,295 restricted stock units Grant under 2021 Equity Incentive Plan
RSU reference price $92.71 per share Value reported for RSU grant
Direct holdings after grant 14,768 shares Common stock including new RSUs
Previously held common shares 13,473 shares Existing common stock before new RSUs
Indirectly reported holdings 400,000 shares Shares owned by United Refining, Inc.
restricted stock units financial
"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."
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.
2021 Equity Incentive Plan financial
"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."
beneficial owner financial
"Mr. Catsimatidis Jr. is the President and Chief Operating Officer of Red Apple Group, Inc., and by virtue of this position may be deemed the beneficial owner of securities owned by United Refining, Inc."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"Mr. Catsimatidis Jr. disclaims beneficial ownership of the securities owned by United Refining, Inc., except to the extent of his pecuniary interest therein."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Catsimatidis John A. Jr
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock400,000IShares owned by United Refining, Inc.(2)
Common Stock05/11/2026A1,295A$92.7114,768(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 13,473 shares of common stock.
2. The securities reported are owned directly by United Refining, Inc., an indirect wholly owned subsidiary of Red Apple Group, Inc. Mr. Catsimatidis Jr. is the President and Chief Operating Officer of Red Apple Group, Inc., and by virtue of this position may be deemed the beneficial owner of securities owned by United Refining, Inc. Mr. Catsimatidis Jr. disclaims beneficial ownership of the securities owned by United Refining, Inc., except to the extent of his pecuniary interest therein.
/s/ John A. Catsimatidis Jr.05/13/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did John A. Catsimatidis Jr. receive in this TPB Form 4 filing?

He received a grant of 1,295 restricted stock units of Turning Point Brands common stock under the 2021 Equity Incentive Plan. These RSUs are equity compensation, not an open-market share purchase, and increase his direct reported holdings.

How many Turning Point Brands (TPB) shares does Catsimatidis Jr. now hold directly?

After the reported grant, he directly holds 14,768 shares of Turning Point Brands common stock. This total includes the newly awarded 1,295 restricted stock units plus 13,473 previously held common shares, as described in the filing’s footnote.

What indirect Turning Point Brands (TPB) holdings are associated with Catsimatidis Jr.?

The filing reports 400,000 shares of TPB common stock owned by United Refining, Inc.. United Refining, Inc. is an indirect wholly owned subsidiary of Red Apple Group, Inc., where Catsimatidis Jr. is President and COO, linking him to this indirect position.

Does Catsimatidis Jr. claim beneficial ownership of United Refining, Inc.’s TPB shares?

He is stated as potentially being deemed a beneficial owner because of his role at Red Apple Group, Inc., but he expressly disclaims beneficial ownership of shares held by United Refining, Inc., except to the extent of any pecuniary interest he has.

Was this TPB Form 4 transaction a market buy or sell of shares?

No, the Form 4 characterizes the main transaction as a grant or award acquisition of 1,295 restricted stock units. It is equity compensation rather than an open-market purchase or sale, so it does not reflect discretionary trading activity.

What price is associated with the TPB restricted stock unit grant to Catsimatidis Jr.?

The reported grant of 1,295 restricted stock units references a price of $92.71 per share. This figure reflects the value used in the Form 4 disclosure for the RSU award rather than a traded market purchase price.