Ryan D. Miller - 21 Mar 2024 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: 21 Mar 2024
Net transactions value: -$3,612
Form type: 4
Filing time: 22 Mar 2024, 16:44:06 UTC
Previous filing: 20 Mar 2024
Next filing: 14 Nov 2024
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	+4,927	+36%	$0.000000	18,575	21 Mar 2024	Direct
transaction	TPIC	Common Stock	Tax liability	$3,612	-1,254	-6.8%	$2.88	17,321	21 Mar 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	-4,927	-25%	$0.000000	14,780	21 Mar 2024	Common Stock	4,927		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 4,927 restricted stock units("RSUs").
F2	25% of the RSUs vested in full on the first anniversary of the grant date, 25% will vest on the second anniversary of the grant date and 50% will vest 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.