# EDGAR Filing Document

**Accession Number:** 0001872040
**File Stem:** 0001562180-23-000439
**Filing Date:** 2023-1
**Character Count:** 7652
**Document Hash:** c7e46d251beb64c025ca5914fc5bbb48
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001562180-23-000439.hdr.sgml**: 20230117

**ACCESSION NUMBER**: 0001562180-23-000439

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230112

**FILED AS OF DATE**: 20230117

**DATE AS OF CHANGE**: 20230117

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Lavine Jerrold I
- **CENTRAL INDEX KEY:** 0001872040

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37839
- **FILM NUMBER:** 23531656

**MAIL ADDRESS:**
- **STREET 1:** C/O TPI COMPOSITES, INC.
- **STREET 2:** 8501 N. SCOTTSDALE ROAD
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85253
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TPI COMPOSITES, INC
- **CENTRAL INDEX KEY:** 0001455684
- **STANDARD INDUSTRIAL CLASSIFICATION:** ENGINES & TURBINES [3510]
- **IRS NUMBER:** 201590775
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 8501 N SCOTTSDALE ROAD
- **STREET 2:** GAINEY CENTER II, SUITE 100
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85253
- **BUSINESS PHONE:** 480-305-8910

**MAIL ADDRESS:**
- **STREET 1:** 8501 N SCOTTSDALE ROAD
- **STREET 2:** GAINEY CENTER II, SUITE 100
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85253

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TPI COMPOSITES INC
- **DATE OF NAME CHANGE:** 20090206

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Lavine Jerrold I<br><sub>(Last) (First) (Middle)</sub><br>8501 N SCOTTSDALE ROAD, SUITE 100<br><sub>(Street)</sub><br>SCOTTSDALE, AZ 85253<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-12 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_President, Transportation_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>TPI COMPOSITES, INC [ TPIC ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-01-12 |  | A |  | 44803.00<sup>(1)</sup> | A | $0.00 | 44803.00 | D |  |
| Common Stock | 2023-01-12 |  | M |  | 9266.00 | A | $0.00 | 54069.00 | D |  |
| Common Stock | 2023-01-12 |  | F |  | 15986.00<sup>(2)</sup> | D | $13.91 | 38083.00 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Units | <sup>(3)</sup> | 2023-01-12 |  | M |  |  | 9266.00 | <sup>(3)(4)(5)</sup> | <sup>(3)(4)(5)</sup> | Common Stock | 9266.00 | $0.00 | 9266.00 | D |  |

---

### Footnotes:

(1) Represents settlement of a portion of a performance-based restricted stock unit ("PRSU") award granted on January 12, 2023.  A total of 49,781 PRSU's were granted pursuant to such award.

(2) Represents the shares required to satisfy tax withholding obligations in connection with the vesting of 9,266 restricted stock units("RSUs") and 44,803 PRSU's.

(3) 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.

(4) On January 12, 2022, the Reporting Person was granted 18,532 RSU's.
50% of such RSU award vested on January 12, 2023 and the remaining 50% will vest on January 12, 2024.

(5) Subject to the Reporting Person remaining a service provider to the Company through and including the second anniversary of the date of the above award, if the aggregate market value of the total number of shares issued pursuant to the award as of such date, together with the aggregate market value of any shares underlying this award that have been sold before such date, is less than the aggregate market value of the total number of shares issuable as of original grant date (in each case, as measured by reference to the closing market prices of the Company's common stock on said dates), then the Reporting Person will receive additional fully vested shares on such second anniversary date with an aggregate market value equal to the difference between the two amounts. Any such additional shares shall be issued pursuant to, and shall be subject to, the terms of the Company's 2015 Stock Option and Incentive Plan and the applicable award agreement thereunder.

**Signature:** /s/ Steven G. Fishbach, Attorney-in-Fact  
**Date:** 2023-01-17

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**