Paul G. Giovacchini - 22 May 2025 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role: Director
Signature: /s/ Steven G. Fishbach, Attorney-in-Fact
Issuer symbol: TPIC
Transactions as of: 22 May 2025
Net transactions value: $0
Form type: 4
Filing time: 27 May 2025, 16:06:02 UTC
Previous filing: 29 Apr 2025
Next filing: 16 Jun 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
GIOVACCHINI PAUL G	Director	16 LOWER WALDRON ROAD, MEREDITH	/s/ Steven G. Fishbach, Attorney-in-Fact	27 May 2025	0001016697

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPIC	Common Stock	Options Exercise	$0	+15,067	+18%	$0.000000	97,934	22 May 2025	Direct

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	-15,067	-50%	$0.000000	15,067	22 May 2025	Common Stock	15,067		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Pursuant to the Company's Non-Employee Directors' Deferred Compensation Program, the Reporting Person has elected to defer 50% of the vesting of the restricted stock units (RSUs) until the earliest of (i) the Reporting Person ceasing to be a director of the Company, (ii) the Reporting Person's death or disability, or (iii) a change of control of the Company. 50% of the RSUs vested in full on the one-year anniversary of the grant date, pursuant to the Issuer's Non-Employee Director Compensation Policy.
F2	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.

Content

Pursuant to the Company's Non-Employee Directors' Deferred Compensation Program, the Reporting Person has elected to defer 50% of the vesting of the restricted stock units (RSUs) until the earliest of (i) the Reporting Person ceasing to be a director of the Company, (ii) the Reporting Person's death or disability, or (iii) a change of control of the Company. 50% of the RSUs vested in full on the one-year anniversary of the grant date, pursuant to the Issuer's Non-Employee Director Compensation Policy.

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.