Luis Reformina - 14 Mar 2022 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role: Sr VP, CFO
Signature: /s/ Luis Reformina
Issuer symbol: TPB
Transactions as of: 14 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 16 Mar 2022, 16:03:51 UTC
Previous filing: 29 Oct 2021
Next filing: 09 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPB	Common Stock	Award	$0	+2,000	+308%	$0.000000	2,650	14 Mar 2022	Direct	F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TPB	Options (2022)	Award	$0	+4,000		$0.000000	4,000	14 Mar 2022	Common Stock	4,000	$30.46	Direct	F5, F6
holding	TPB	Options (2021)						12,000	14 Mar 2022	Common Stock	12,000	$47.76	Direct	F1, F4
holding	TPB	Options (2021)						4,500	14 Mar 2022	Common Stock	4,500	$51.75	Direct	F1, F4
holding	TPB	Options (2020)						4,000	14 Mar 2022	Common Stock	4,000	$14.85	Direct	F1, F3
holding	TPB	Options (2019)						25,000	14 Mar 2022	Common Stock	25,000	$20.89	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Granted pursuant to the issuer's 2015 Equity Incentive Plan
F2	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.
F3	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.
F4	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.
F5	Granted pursuant to the issuer's 2021 Equity Incentive Plan.
F6	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.
F7	The reported transaction involved the reporting person's receipt of a grant of 2,000 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The total reported in Column 5 includes the newly 2,000 awarded restricted stock units and 650 shares of common stock.