Cushman Brittani's Form 4/A amendment
AmendedTurning Point Brands, Inc. (TPB) · filed Jun 12, 2025
- Accession no.
- 0001437749-25-020139
- Filed
- Jun 12, 2025
- Trade date
- Jun 9-10, 2025
- Filing delay
- 3 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Jun 11, 2025
This filing lists 4 non-derivative transactions and 2 derivative transactions. Open-market sales total $1.13M. It was filed 3 days after the trade.
This amendment replaces 0001437749-25-020110 (filed Jun 11, 2025).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Cushman BrittaniCIK 0001831600 | Officer (Sr VP, General Counsel) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 9, 2025 | Common Stock | MOption exerciseAcquired | +7,500 | $13.00 | +$97,500 | 42,187 | Direct | |
| Jun 9, 2025 | Common Stock | SSaleDisposed | −7,500 | $75.89 | −$569,175 | 34,687 | Direct | |
| Jun 10, 2025 | Common Stock | MOption exerciseAcquired | +7,500 | $13.00 | +$97,500 | 42,187 | Direct | |
| Jun 10, 2025 | Common Stock | SSaleDisposed | −7,500 | $74.36 | −$557,700 | 34,687 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 9, 2025 | Common Stock | MOption exerciseDisposed | −10,000 | $13.00 | −$97,500 | 2,500 | Direct | |
| Jun 10, 2025 | Common Stock | MOption exerciseDisposed | −10,000 | $13.00 | −$97,500 | 2,500 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The reporting person disclaims beneficial ownership of these securities, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F2
Granted pursuant to the issuer's 2015 Equity Incentive Plan
- F3
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.
- F4
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.
- 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.
- F6
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.
- F7
The options vested and became 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.
- 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.
- F9
Granted pursuant to the issuer's 2021 Equity Incentive Plan.
- F10
The reported transaction involved the reporting person's exercise of 7,500 options granted under Turning Point Brands, Inc.'s 2015 Equity Incentive Plan. The total reported in Column 5 includes 9,434 restricted stock units and 32,753 shares of common stock.
- F11
The reported transaction involved the reporting person's disposition of the exercised 7,500 options granted under Turning Point Brands, Inc.'s 2015 Equity Incentive Plan.
- F12
The original Form 4, filed on June 11, 2025, is being amended solely to correct an administrative error that incorrectly reported the reporting person's indirect ownership number of units, due to a missed decimal. The total reported in Column 5 is correctly recited as 406.806.