Paul G. Giovacchini - May 12, 2021 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role
Director
Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Stock symbol
TPIC
Transactions as of
May 12, 2021
Transactions value $
-$24,734,369
Form type
4
Date filed
5/14/2021, 05:55 PM
Next filing
May 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPIC Common Stock Other -$26.4M -588K -100% $44.93* 0 May 12, 2021 See Footnote F1, F2
transaction TPIC Common Stock Other $1.69M +37.5K +196.3% $44.93* 56.6K May 12, 2021 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities were held of record by Landmark Growth Capital Partners, LLC ("LGCP LLC"). LGCP LLC is the general partner of both Landmark Growth Capital Partners, L.P. ("LGCP") and Landmark IAM, and Landmark Equity Advisors, LLC ("LEA LLC") is the managing member of LGCP LLC. The Reporting Person is an advisor to LEA LLC. The Reporting Person may be deemed to share voting and investment power with respect to all shares held by LGCP. The Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any.
F2 Represents a pro rata distribution from LGCP LLC to its members, of which the reporting person is a an advisor to LEA LLC.
F3 Includes 10,017 shares held of record by the Reporting Person that the Reporting Person had previously assigned the economic rights to such shares to LGCP LLC. In connection with the foregoing distribution, LGCP LLC assigned the economics rights of the 10,107 shares back to the Reporting Person.