Ryan D. Miller - 23 May 2023 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role: Chief Financial Officer
Signature: /s/ Steven G. Fishbach, Attorney-in-Fact
Issuer symbol: TPIC
Transactions as of: 23 May 2023
Net transactions value: -$33,682
Form type: 4
Filing time: 25 May 2023, 17:44:08 UTC
Previous filing: 23 Mar 2023
Next filing: 28 Aug 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	+6,677		$0.000000	6,677	23 May 2023	Direct
transaction	TPIC	Common Stock	Tax liability	$33,682	-3,029	-45%	$11.12	3,648	23 May 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	-6,677	-25%	$0.000000	20,032	23 May 2023	Common Stock	6,677		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 6,677 restricted stock units("RSUs").
F2	The RSU award will vest in four equal installments on the first, second, third and fourth anniversary of the date of the grant provided, that the Reporting Person continues to provide services to the Issuer through the vesting 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.