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TPI Composites (TPICQ) COO reports 62,500 RSU vesting and tax-share sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

TPI Composites, Inc. chief operating officer reports RSU vesting and share withholding

The chief operating officer of TPI Composites, Inc. (ticker TPICQ) reported equity compensation activity dated 11/28/2025. A block of 62,500 shares of common stock was acquired at a price of $0 upon the vesting and settlement of restricted stock units. On the same date, 26,954 shares of common stock were disposed of at $0.025 per share to cover tax withholding obligations related to this vesting. After these transactions, the reporting person directly owned 79,264 shares of common stock and 125,000 restricted stock units that continue to vest in four equal annual installments, contingent on continued service with the company.

Positive

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Insider Stroo Charles
Role Chief Operating Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 62,500 $0.00 --
Exercise Common Stock 62,500 $0.00 --
Tax Withholding Common Stock 26,954 $0.025 $673.85
Holdings After Transaction: Restricted Stock Units — 125,000 shares (Direct); Common Stock — 106,218 shares (Direct)
Footnotes (1)
  1. Represents the shares required to satisfy tax withholding obligations in connection with the vesting of 62,500 restricted stock units. The original grant of 250,000 restricted stock units ("RSUs") vests 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. Each restricted stock unit ("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
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Stroo Charles

(Last) (First) (Middle)
9200 E PIMA CENTER PKWY
SUITE 250

(Street)
SCOTTSDALE AZ 85258

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TPI COMPOSITES, INC [ TPICQ ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/28/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/28/2025 M 62,500 A $0 106,218 D
Common Stock 11/28/2025 F 26,954(1) D $0.025 79,264 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (2) 11/28/2025 M 62,500 (2)(3) (2)(3) Common Stock 62,500 $0 125,000 D
Explanation of Responses:
1. Represents the shares required to satisfy tax withholding obligations in connection with the vesting of 62,500 restricted stock units.
2. The original grant of 250,000 restricted stock units ("RSUs") vests 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.
3. Each restricted stock unit ("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
/s/ Steven G. Fishbach, Attorney-in-Fact 12/02/2025
** Signature of Reporting Person Date
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.

FAQ

What insider transaction did TPI Composites (TPICQ) disclose in this Form 4?

The chief operating officer reported the vesting of 62,500 restricted stock units, which became 62,500 shares of common stock on 11/28/2025, and a related share withholding transaction to cover taxes.

How many TPI Composites (TPICQ) shares did the officer sell or dispose of?

The officer disposed of 26,954 shares of common stock at $0.025 per share to satisfy tax withholding obligations tied to the RSU vesting.

How many TPI Composites (TPICQ) shares does the officer own after this transaction?

Following the reported transactions, the officer directly owned 79,264 shares of TPI Composites common stock.

What restricted stock units (RSUs) remain outstanding for the TPI Composites (TPICQ) officer?

After the vesting of 62,500 units, the officer held 125,000 restricted stock units, each representing a contingent right to receive one share of common stock.

How does the RSU vesting schedule work for the TPI Composites (TPICQ) grant?

The original grant of 250,000 RSUs vests in four equal installments on the first, second, third, and fourth anniversaries of the grant date, as long as the officer continues to provide services to the company. Any unvested RSUs automatically expire upon termination of service.