William E. Siwek - Mar 7, 2022 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role: President and CEO
Signature: /s/ Steven G. Fishbach, Attorney-in-Fact
Stock symbol: TPIC
Transactions as of: Mar 7, 2022
Transactions value $: -$49,953
Form type: 4
Date filed: 3/9/2022, 03:29 PM
Previous filing: Jan 4, 2022
Next filing: Mar 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPIC	Common Stock	Options Exercise	$0	+9.33K	+7.78%	$0.00	129K	Mar 7, 2022	Direct
transaction	TPIC	Common Stock	Tax liability	-$50K	-3.92K	-3.03%	$12.73	125K	Mar 7, 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	-9.33K	-100%	$0.00^*	0	Mar 7, 2022	Common Stock	9.33K		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 9,330 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.