Steven G. Fishbach - Mar 7, 2022 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role: General Counsel and Secretary
Signature: /s/ Steven G. Fishbach
Stock symbol: TPIC
Transactions as of: Mar 7, 2022
Transactions value $: -$21,959
Form type: 4
Date filed: 3/9/2022, 03:30 PM
Previous filing: Jan 14, 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	+4.1K	+19.3%	$0.00	25.3K	Mar 7, 2022	Direct
transaction	TPIC	Common Stock	Tax liability	-$22K	-1.73K	-6.81%	$12.73	23.6K	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	-4.1K	-100%	$0.00^*	0	Mar 7, 2022	Common Stock	4.1K		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 4,101 restricted stock units("RSUs").
F2	100% 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.