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

Role: Chief Financial Officer
Signature: /s/ Steven G. Fishbach, Attorney-in-Fact
Stock symbol: TPIC
Transactions as of: May 23, 2023
Transactions value $: -$19,571
Form type: 4
Date filed: 5/24/2024, 04:10 PM
Previous filing: Mar 23, 2023
Next filing: Aug 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPIC	Common Stock	Options Exercise	$0	+6.68K	+38.55%	$0.00	24K	May 23, 2024	Direct
transaction	TPIC	Common Stock	Tax liability	-$19.6K	-1.76K	-7.33%	$11.12^*	22.2K	May 23, 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	-6.68K	-33.34%	$0.00	13.4K	May 23, 2024	Common Stock	6.68K		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 6,678 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.