Steven G. Fishbach - Mar 11, 2023 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 11, 2023
Transactions value $: -$59,727
Form type: 4
Date filed: 3/14/2023, 06:23 PM
Previous filing: Jan 17, 2023
Next filing: Mar 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPIC	Common Stock	Options Exercise	$0	+11.2K	+28.26%	$0.00	50.8K	Mar 11, 2023	Direct
transaction	TPIC	Common Stock	Tax liability	-$59.7K	-4.63K	-9.11%	$12.90	46.2K	Mar 13, 2023	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	-11.2K	-100%	$0.00^*	0	Mar 11, 2023	Common Stock	11.2K		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 11,196 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.