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

Role: Sr VP, General Counsel
Signature: /s/ Brittani Cushman
Issuer symbol: TPB
Transactions as of: 14 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 16 Mar 2022, 16:06:01 UTC
Previous filing: 07 Feb 2022
Next filing: 14 Feb 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	+2,500	+71%	$0.000000	6,015	14 Mar 2022	Direct	F10
holding	TPB	Common Stock						407	14 Mar 2022	By Spouse	F1

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	+8,000		$0.000000	8,000	14 Mar 2022	Common Stock	8,000	$30.46	Direct	F8, F9
holding	TPB	Options (2021)						7,000	14 Mar 2022	Common Stock	7,000	$51.75	Direct	F2, F3
holding	TPB	Options (2020)						6,000	14 Mar 2022	Common Stock	6,000	$14.85	Direct	F2, F4
holding	TPB	Options (2019)						4,800	14 Mar 2022	Common Stock	4,800	$47.58	Direct	F2, F5
holding	TPB	Options (2018)						4,500	14 Mar 2022	Common Stock	4,500	$21.21	Direct	F2, F6
holding	TPB	Options (2017)						3,250	14 Mar 2022	Common Stock	3,250	$15.41	Direct	F2, F7
holding	TPB	Options (2017)						20,000	14 Mar 2022	Common Stock	20,000	$13.00	Direct	F2, F7

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

Explanation of Responses:

Id	Content
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 vest and become 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 receipt of a grant of 2,500 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The total reported in Column 5 includes the newly 2,500 awarded restricted stock units and 3,515 shares of common stock.