Thomas J. Castle - 26 May 2021 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role
*SVP, Operations, Strategic Markets
Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Issuer symbol
TPIC
Transactions as of
26 May 2021
Net transactions value
-$1,639,726
Form type
4
Filing time
28 May 2021, 16:02:57 UTC
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 $420,326 +25,423 +372% $16.53 32,254 26 May 2021 Direct
transaction TPIC Common Stock Sale $1,249,520 -25,423 -79% $49.15* 6,831 26 May 2021 Direct F1
transaction TPIC Common Stock Options Exercise $406,339 +24,577 +360% $16.53 31,408 27 May 2021 Direct
transaction TPIC Common Stock Sale $1,216,871 -24,577 -78% $49.51* 6,831 27 May 2021 Direct 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 Stock Option (Right to Buy) Options Exercise $0 -25,423 -34% $0.000000 48,817 26 May 2021 Common Stock 25,423 $16.53 Direct F3
transaction TPIC Stock Option (Right to Buy) Options Exercise $0 -24,577 -50% $0.000000 24,240 27 May 2021 Common Stock 24,577 $16.53 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $49.00 to $49.53 The price reported above reflects the weighted-average price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 This transaction was executed in multiple trades at prices ranging from $49.00 to $49.96. The price reported above reflects the weighted-average price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 The option representing a right to purchase a total of 174,240 shares, vest over a four year period as follows: 25% of these securities vest on the first anniversary of the effective date of the initial public offering of the Issuer, and 6.25% vest on each quarterly anniversary thereafter, such that 100% of these securities vest on the fourth anniversary of the Issuer's offering; provided, that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.

Remarks:

*SVP, Operations, Strategic Markets