William E. Siwek - Mar 10, 2025 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role: President and CEO
Signature: /s/ Steven G. Fishbach, Attorney-in-Fact
Stock symbol: TPIC
Transactions as of: Mar 10, 2025
Transactions value $: -$9,339
Form type: 4
Date filed: 3/12/2025, 04:04 PM
Previous filing: Feb 25, 2025
Next filing: Mar 20, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPIC	Common Stock	Options Exercise	$0	+32.9K	+14.69%	$0.00	257K	Mar 10, 2025	Direct
transaction	TPIC	Common Stock	Tax liability	-$9.34K	-9.16K	-3.57%	$1.02	248K	Mar 10, 2025	Direct	F1

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	TPIC	Restricted Stock Units	Options Exercise	$0	-32.9K	-100%	$0.00	0	Mar 10, 2025	Common Stock	32.9K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Represents the shares required to satisfy tax withholding obligations in connection with the vesting of 32,875 restricted stock units ("RSUs").
F2	100% of the RSUs vested in full on the third anniversary of the grant date; provided that the Reporting Person continues to provide service to the Issuer through the vesting date. The RSUs do not have an expiration date.
F3	Each RSU represents a contingent right to receive one share of the common stock. All unvested RSUs will automatically expire upon Reporting Person's termination of service from Issuer.