Charles H.C. Diao - Apr 29, 2022 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role: Director
Signature: /s/ H.C. Charles Diao
Stock symbol: TPB
Transactions as of: Apr 29, 2022
Transactions value $: -$284,070
Form type: 4
Date filed: 5/3/2022, 05:34 PM
Previous filing: Mar 4, 2022
Next filing: May 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPB	Common Stock	Award	$0	+1.2K	+3.42%	$0.00	36.2K	Apr 29, 2022	Direct	F3
transaction	TPB	Common Stock	Options Exercise	$40K	+10.4K	+28.83%	$3.83^*	46.6K	Apr 29, 2022	Direct
transaction	TPB	Common Stock	Tax liability	-$155K	-4.94K	-10.59%	$31.39	41.7K	Apr 29, 2022	Direct
transaction	TPB	Common Stock	Disposed to Issuer	-$161K	-5.25K	-12.6%	$30.73	36.4K	May 3, 2022	Direct	F4
transaction	TPB	Common Stock	Disposed to Issuer	-$7.63K	-242	-0.66%	$31.52	36.2K	May 3, 2022	Direct	F5

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 (2014)	Options Exercise	$0	-10.4K	-100%	$0.00^*	0	Apr 29, 2022	Common Stock	10.4K	$3.83	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The options vested and became exercisable as to 50% of the underlying shares on August 8, 2014, 25% of the underlying shares on August 8, 2015 and 25% of the underlying shares on August 8, 2016.
F2	Granted pursuant to the issuer's 2006 Equity Incentive Plan.
F3	The reported transaction involved the reporting person's receipt of a grant of 1,195 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 1,195 awarded restricted stock units, 785 restricted stock units previously reported in Table II and 34,206 shares of common stock.
F4	Weighted average sale price. On 5/3/2022, the reporting person sold the shares within a range of $30.335 to $31.17. The reporting person will provide upon request by the Commission Staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F5	Weighted average sale price. On 5/3/2022, the reporting person sold the shares within a range of $31.51 to $31.53. The reporting person will provide upon request by the Commission Staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.