Lance Morell Marram - Mar 11, 2024 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, 2024
Transactions value $: -$2,082
Form type: 4
Date filed: 3/12/2024, 04:03 PM
Previous filing: Jan 17, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPIC	Common Stock	Options Exercise	$0	+1.85K	+2.01%	$0.00	93.8K	Mar 11, 2024	Direct
transaction	TPIC	Common Stock	Tax liability	-$2.08K	-661	-0.7%	$3.15	93.1K	Mar 11, 2024	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	-1.85K	-100%	$0.00^*	0	Mar 11, 2024	Common Stock	1.85K		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 1,851 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.