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

Role: President and CEO, Director
Signature: /s/ Yavor Efremov
Stock symbol: TPB
Transactions as of: Mar 14, 2022
Transactions value $: $267,750
Form type: 4
Date filed: 3/16/2022, 04:08 PM
Previous filing: Aug 2, 2021
Next filing: Aug 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPB	Common Stock	Purchase	$268K	+9K		$29.75	9K	Mar 14, 2022	Direct
transaction	TPB	Common Stock	Award	$0	+3.48K	+34.24%	$0.00	13.6K	Mar 14, 2022	Direct	F3

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	+22.8K		$0.00	22.8K	Mar 14, 2022	Common Stock	22.8K	$30.46	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 2021 Equity Incentive Plan.
F2	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.
F3	The reported transaction involved the reporting person's receipt of a grant of 3,478 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The reporting person has previously reported prior awards of restricted units in Table II of Form 4. The total reported in Column 5 includes the newly 3,478 awarded restricted stock units, 1,159 restricted stock units previously reported in Table II and 9,000 shares of common stock.