SCHEDULE: Divisadero Street Capital Amends Turning Point Brands Stake

Divisadero Street Capital Management and affiliates report an 8.3% beneficial ownership stake in Turning Point Brands, Inc. common stock.

Summary

• Divisadero Street Capital Management, LP, William Zolezzi, and Divisadero Street Capital, LLC collectively beneficially own 1,502,685 shares of Turning Point Brands, Inc. common stock, representing 8.3% of the class.
• Divisadero Street Partners, L.P. and Divisadero Street Partners GP, LLC collectively beneficially own 1,223,754 shares, representing 6.8% of the class.
• All reported shares are held with shared voting and shared dispositive power among the respective reporting persons.
• The securities are directly owned by advisory clients of Divisadero Street Capital Management, LP, with Divisadero Street Partners, L.P. being the only advisory client known to beneficially own more than 5% of the common stock.
• The filing is an Amendment No. 3 to a Schedule 13G, indicating previous ownership disclosures have been made.

Sentiment

Score: 5

Explanation: This is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or prospects.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of institutional ownership, common in the financial industry, and does not provide specific insights into broader industry trends or competitive landscape beyond the ownership stake in Turning Point Brands, Inc.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership stakes, which can influence market perception and liquidity.

Key Dates

Keywords

Turning Point Brands, Divisadero Street Capital Management, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Ownership, Investment Adviser