William E. Siwek - 16 May 2022 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role: President and CEO
Signature: /s/ Steven G. Fishbach, Attorney-in-Fact
Issuer symbol: TPIC
Transactions as of: 16 May 2022
Net transactions value: -$23,066
Form type: 4
Filing time: 17 May 2022, 17:06:34 UTC
Previous filing: 14 Mar 2022
Next filing: 20 Sep 2022
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	+4,543	+3.6%	$0.000000	129,946	16 May 2022	Direct
transaction	TPIC	Common Stock	Tax liability	$23,066	-1,911	-1.5%	$12.07	128,035	16 May 2022	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	-4,543	-100%	$0.000000^*	0	16 May 2022	Common Stock	4,543		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 4,543 restricted stock units ("RSUs").
F2	The RSUs award vests in three equal installments on the first, second and third anniversary of the date of the grant provided, that the Reporting Person continues to provide services 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.