Daniel G. Weiss - May 18, 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 18, 2021
Transactions value $
$0
Form type
4
Date filed
5/20/2021, 04:16 PM
Next filing
Jun 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPIC Common Stock Options Exercise $0 +4.36K +30.93% $0.00 18.5K May 18, 2021 Direct F1
holding TPIC Common Stock 27.6K May 18, 2021 See Footnote F2

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 -4.36K -100% $0.00* 0 May 18, 2021 Common Stock 4.36K Direct F3, F4
transaction TPIC Restricted Stock Units Award $0 +2.34K $0.00 2.34K May 18, 2021 Common Stock 2.34K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is contractually obligated to turn over any proceeds from the sale of these shares to Angeleno Investors II, L.P ("AI II LP") and/or certain entities affiliated with AI II LP. 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 These securities are held directly by AI II LP. Angeleno Group Management II, LLC is the General Partner of AI II LP and Angeleno Group, LLC is the Managing Member of Angeleno Group Management II, LLC. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended, except to the extent of its pecuniary interest therein, if any.
F3 The restricted stock units ("RSUs ") shall vest on the earlier of (i) the one-year anniversary of the grant date or (ii) the next annual meeting of stockholders of the Issuer, subject to the Reporting Person's continued service as a director pursuant to the Issuer's Non-Employee Director Compensation Policy.
F4 Each RSU represents a contingent right to receive one share of Common Stock. All unvested RSUs will automatically expire upon the Reporting Person's termination of service from the Issuer.