Lance Morell Marram - Mar 11, 2023 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role: Chief Commercial Officer-Wind
Signature: /s/ Steven G. Fishbach, Attorney-in-Fact
Stock symbol: TPIC
Transactions as of: Mar 11, 2023
Transactions value $: -$9,894
Form type: 4
Date filed: 3/14/2023, 06:26 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	+2.22K	+18.04%	$0.00	14.5K	Mar 11, 2023	Direct
transaction	TPIC	Common Stock	Tax liability	-$9.89K	-767	-5.29%	$12.90	13.7K	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	-2.22K	-100%	$0.00^*	0	Mar 11, 2023	Common Stock	2.22K		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 2,217 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.