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

Role: Chief Commercial Officer-Wind
Signature: /s/ Steven G. Fishbach, Attorney-in-Fact
Issuer symbol: TPIC
Transactions as of: 11 Mar 2023
Net transactions value: -$9,894
Form type: 4
Filing time: 14 Mar 2023, 18:26:47 UTC
Previous filing: 17 Jan 2023
Next filing: 23 Mar 2023
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	+2,217	+18%	$0.000000	14,503	11 Mar 2023	Direct
transaction	TPIC	Common Stock	Tax liability	$9,894	-767	-5.3%	$12.90	13,736	13 Mar 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	-2,217	-100%	$0.000000^*	0	11 Mar 2023	Common Stock	2,217		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.