Ramesh Gopalakrishnan - 16 May 2022 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role
President and COO Wind
Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Issuer symbol
TPIC
Transactions as of
16 May 2022
Transactions value $
-$15,377
Form type
4
Filing time
17 May 2022, 17:07:15 UTC
Previous filing
14 Mar 2022
Next filing
26 May 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 +3.03K +34.15% $0.00 11.9K 16 May 2022 Direct
transaction TPIC Common Stock Tax liability -$15.4K -1.27K -10.71% $12.07 10.6K 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 -3.03K -100% $0.00* 0 16 May 2022 Common Stock 3.03K 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 3,029 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.