Yavor Efremov - 29 Jul 2022 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role: President and CEO, Director
Signature: /s/ Yavor Efremov
Issuer symbol: TPB
Transactions as of: 29 Jul 2022
Net transactions value: -$7,776
Form type: 4
Filing time: 02 Aug 2022, 09:14:25 UTC
Previous filing: 16 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPB	Common Stock	Tax liability	$8,040	-335	-2.5%	$24.00	13,302	29 Jul 2022	Direct	F3
transaction	TPB	Common Stock	Award	$264	+11	+0.08%	$24.00	13,313	29 Jul 2022	Direct	F4

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	+22,810		$0.000000	22,810	14 Mar 2022	Common Stock	22,810	$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 involves shares withheld for the payment of taxes related to restricted stock units that have vested on 7/29/2022. The total reported in Column 5 includes 3,478 restricted stock units and 9,824 shares of common stock.
F4	The reported transaction involves shares received as dividends related to restricted stock units that have vested on 7/29/2022. The total report in Column 5 includes 3,478 restricted stock units and 9,835 shares of common stock.