SCHEDULE: Morgan Stanley Reduces Stake in Turning Point Brands

Morgan Stanley has filed an amended Schedule 13G, reporting that its beneficial ownership in Turning Point Brands, Inc. has fallen below the 5% threshold.

Summary

• Morgan Stanley filed an Amendment No. 3 to Schedule 13G concerning the Common Stock of Turning Point Brands, Inc. (CUSIP: 90041L105).
• As of December 31, 2025, Morgan Stanley ceased to be the beneficial owner of more than five percent of the class of securities.
• Morgan Stanley now beneficially owns an aggregate of 325,188 shares, which represents 1.7% of the class.
• The firm holds shared voting power over 314,863 shares and shared dispositive power over 325,188 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a standard compliance disclosure indicating a reduction in an institutional investor's stake below a reporting threshold, rather than a reflection of the issuer's operational performance or strategic direction.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This filing does not contain forward-looking statements or guidance from the issuer, as it is a disclosure by an institutional investor regarding its ownership stake.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures by institutional investors holding more than 5% of a company's stock, or in this case, an amendment when their stake falls below that threshold. Such filings provide transparency into significant institutional ownership changes, which can sometimes signal shifts in investor sentiment or portfolio rebalancing, though this specific filing is a standard compliance update.

Stakeholder Impact

• This filing provides transparency to shareholders and the market regarding Morgan Stanley's reduced ownership stake in Turning Point Brands, Inc. It primarily serves as an informational update for existing and potential investors.

Key Dates

Keywords

Morgan Stanley, Turning Point Brands, Schedule 13G, Beneficial Ownership, Institutional Investor, Equity Stake, Common Stock, Ownership Change