Standard General L.P. - Aug 3, 2021 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role: 10%+ Owner
Signature: /s/ Standard General L.P. by Joseph Mause, Chief Financial Officer
Stock symbol: TPB
Transactions as of: Aug 3, 2021
Transactions value $: -$41,431,700
Form type: 4
Date filed: 8/5/2021, 04:32 PM
Next filing: Dec 6, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPB	Common Stock, $.01 par value ("Common Stock")	Sale	-$41.4M	-818K	-26.67%	$50.65	2.25M	Aug 3, 2021	See Footnotes	F1, F2
holding	TPB	Common Stock						95.2K	Aug 3, 2021	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The securities reported herein may be deemed to be beneficially owned by Standard General L.P. ("Standard General") in its capacity as investment manager to private investment vehicles. Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein.
F2	Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
F3	Shares held directly by Standard General. Does not include shares held by David Glazek, a partner of Standard General. Mr. Glazek is also a director of the Issuer and, in that capacity, separately files reports under Section 16. This Form 4 does not report any pecuniary interest of Mr. Glazek in securities of the Issuer.