William E. Siwek - 11 Mar 2023 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: 11 Mar 2023
Net transactions value: -$263,031
Form type: 4
Filing time: 14 Mar 2023, 18:26:24 UTC
Previous filing: 04 Jan 2023
Next filing: 23 Mar 2023
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	+47,583	+31%	$0.000000	203,397	11 Mar 2023	Direct
transaction	TPIC	Common Stock	Tax liability	$263,031	-20,390	-10%	$12.90^*	183,007	13 Mar 2023	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	-47,583	-100%	$0.000000^*	0	11 Mar 2023	Common Stock	47,583		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 47,583 restricted stock units("RSUs").
F2	100% of the RSUs vested in full on March 11, 2023; 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.