Ramesh Gopalakrishnan - 07 Mar 2022 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role: President and COO Wind
Signature: /s/ Steven G. Fishbach, Attorney-in-Fact
Issuer symbol: TPIC
Transactions as of: 07 Mar 2022
Net transactions value: -$13,723
Form type: 4
Filing time: 09 Mar 2022, 15:30:08 UTC
Previous filing: 14 Jan 2022
Next filing: 14 Mar 2022
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	+2,563	+35%	$0.000000	9,947	07 Mar 2022	Direct
transaction	TPIC	Common Stock	Tax liability	$13,723	-1,078	-11%	$12.73	8,869	07 Mar 2022	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	-2,563	-100%	$0.000000^*	0	07 Mar 2022	Common Stock	2,563		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 2,563 restricted stock units ("RSUs").
F2	100% of the RSUs vested in full on the third anniversary of the grant date; 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.