Large owner Dere Construction Taahhut A.S. disposed of $1,768,873 worth of shares (544,654 units at $3.25), acquired $1,768,873 worth of shares (544,654 units at $3.25), sold $4,118 worth of shares (1,999 units at $2.06) and bought $12,891,120 worth of shares (7,026,105 units at $1.83) (SEC Form 4)

$TPIC
Industrial Machinery/Components
Industrials
Get the next $TPIC alert in real time by email
SEC FORM 4 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*
Dere Construction Taahhut A.S.

(Last) (First) (Middle)
AKDENIZ MAH, CUMHURIYET BULVARI
BULVAR IS HANI 109/27 35210 KONAK

(Street)
IZMIR W8

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TPI COMPOSITES, INC [ TPIC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/21/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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 06/21/2024 P 51,059 A $4.85(4)(5) 332,754 D(1)(28)
Common Stock 06/24/2024 P 144,405 A $4.96(4)(6) 477,159 D(1)(28)
Common Stock 07/08/2024 P 41,120 A $3.6(4)(7) 518,279 D(1)(28)
Common Stock 11/25/2024 J(26) 518,279 D $3.3 0 D(1)(28)
Common Stock 12/16/2024 P 26,000 A $1.25(4)(8) 26,000 D(1)(28)
Common Stock 12/18/2024 P 2,000 A $1.22 28,000 D(1)(28)
Common Stock 12/19/2024 P 393,020 A $1.23(4)(9) 421,020 D(1)(28)
Common Stock 12/20/2024 P 399,000 A $1.18(4)(10) 820,020 D(1)(28)
Common Stock 12/23/2024 P 699,000 A $1.84(4)(11) 1,519,020 D(1)(28)
Common Stock 12/23/2024 P 532,980 A $2.38(4)(12) 2,052,000 D(1)(28)
Common Stock 12/24/2024 P 252,615 A $1.82(4)(13) 2,304,615 D(1)(28)
Common Stock 12/25/2024 P 634,066 A $1.94(4)(14) 2,938,681 D(1)(28)
Common Stock 01/06/2025 P 115,551 A $1.97(4)(15) 3,054,232 D(1)(28)
Common Stock 01/20/2025 P 12,000 A $1.59(4)(16) 3,066,232 D(1)(28)
Common Stock 01/23/2025 P 557,000 A $1.45(4)(17) 3,623,232 D(1)(28)
Common Stock 01/28/2025 P 224,000 A $1.69(4)(18) 3,847,232 D(1)(28)
Common Stock 01/29/2025 P 319,000 A $1.73(4)(19) 4,166,232 D(1)(28)
Common Stock 01/30/2025 P 14,000 A $1.56(4)(20) 4,180,232 D(1)(28)
Common Stock 07/30/2024 J(27) 26,375 A $2.22 4,466,640 D(2)(28)
Common Stock 11/25/2024 J(26) 518,279 A $3.3 4,984,919 D(2)(28)
Common Stock 12/19/2024 P 206,830 A $1.25(4)(21) 5,191,749 D(2)(28)
Common Stock 12/20/2024 P 259,000 A $1.19(4)(22) 5,450,749 D(2)(28)
Common Stock 12/23/2024 S 1,999 D $2.06 5,448,750 D(2)(28)
Common Stock 12/23/2024 P 1,703,237 A $1.81(4)(23) 7,151,987 D(2)(28)
Common Stock 12/24/2024 P 218,171 A $2.01(4)(24) 7,370,158 D(2)(28)
Common Stock 12/25/2024 P 222,051 A $2.03(4)(25) 7,592,209 D(2)(28)
Common Stock 07/30/2024 J(27) 26,375 D $2.22 0 D(3)(28)
Common Stock 100 D(28)(29)
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
1. Name and Address of Reporting Person*
Dere Construction Taahhut A.S.

(Last) (First) (Middle)
AKDENIZ MAH, CUMHURIYET BULVARI
BULVAR IS HANI 109/27 35210 KONAK

(Street)
IZMIR W8

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Turan Zeki Bora

(Last) (First) (Middle)
AKDENIZ MAH, CUMHURIYET BULVARI,
BULVAR IS HANI 109/27, 35210 KONAK

(Street)
IZMIR W8

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Birhekimoglu Emre

(Last) (First) (Middle)
AKDENIZ MAH, CUMHURIYET BULVARI,
BULVAR IS HANI 109/27, 35210 KONAK

(Street)
IZMIR W8

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Kirmizioglu Alp

(Last) (First) (Middle)
67 THE PRADO NE

(Street)
ATLANTA GA 30309

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. These shares of issuer common stock ("Common Stock") are held directly by Dere Construction Taahhut A.S. ("Dere Construction").
2. These shares of Common Stock are held directly by Mr. Zeki Bora Turan.
3. These shares of Common Stock are held directly by Mr. Emre Birhekimoglu.
4. Reflects the average purchase price. The reporting person effected multiple same-way open market purchase transactions on the same day at different prices through a trade order executed by a broker dealer. The reporting person reported on a single line all such transactions that occurred within a one-dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a shareholder of the issuer, full information regarding the number of shares purchased at each separate price.
5. The range of prices for such transaction is $4.81 to $4.88.
6. The range of prices for such transaction is $4.83 to $5.11.
7. The range of prices for such transaction is $3.50 to $3.66.
8. The range of prices for such transaction is $1.24 to $1.26.
9. The range of prices for such transaction is $1.17 to $1.26.
10. The range of prices for such transaction is $1.13 to $1.24.
11. The range of prices for such transaction is $1.23 to $2.23.
12. The range of prices for such transaction is $2.24 to $2.53.
13. The range of prices for such transaction is $1.78 to $2.31.
14. The range of prices for such transaction is $1.69 to $2.14.
15. The range of prices for such transaction is $1.93 to $2.01.
16. The range of prices for such transaction is $1.58 to $1.60.
17. The range of prices for such transaction is $1.34 to $1.58.
18. The range of prices for such transaction is $1.60 to $1.77.
19. The range of prices for such transaction is $1.65 to $1.80.
20. The range of prices for such transaction is $1.54 to $1.58.
21. The range of prices for such transaction is $1.23 to $1.26.
22. The range of prices for such transaction is $1.14 to $1.26.
23. The range of prices for such transaction is $1.35 to $2.29.
24. The range of prices for such transaction is $1.81 to $2.39.
25. The range of prices for such transaction is $1.96 to $2.12.
26. Sale of shares of Common Stock from Dere Construction to Mr. Turan.
27. Sale of shares of Common Stock from Mr. Birhekimoglu to Mr. Turan.
28. Mr. Turan is the Chairman of the Board of Dere Construction and Mr. Birhekimoglu is the Commercial Manager of Dere Construction. By virtue of these and other relationships and pursuant to the SEC's beneficial ownership rules, the Reporting Persons may be deemed to be members of a group.
29. These shares of Common Stock are held directly by Mr. Alp Kirmizioglu.
DERE CONSTRUCTION TAAHHUT A.S. By: /s/ Zeki Bora Turan Name: Zeki Bora Turan Title: Chairman of the Board 02/14/2025
/s/ Zeki Bora Turan 02/14/2025
/s/ Emre Birhekimoglu 02/14/2025
/s/ Alp Kirmizioglu 02/14/2025
** 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.
Get the next $TPIC alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$TPIC

DatePrice TargetRatingAnalyst
3/18/2025$0.50Hold → Underperform
Jefferies
12/12/2024Overweight → Neutral
Analyst
11/15/2024$4.00 → $2.00Equal-Weight → Underweight
Morgan Stanley
10/17/2024$5.00Hold
Jefferies
10/3/2023Outperform → Mkt Perform
Raymond James
7/27/2023$10.00Accumulate → Hold
Johnson Rice
7/27/2023Buy → Neutral
BTIG Research
7/27/2023$15.00 → $11.00Buy → Hold
Craig Hallum
More analyst ratings

$TPIC
Press Releases

Fastest customizable press release news feed in the world

See more
  • TPI Composites Publishes Annual Sustainability Report Showcasing Its Commitments to Sustainable Operations

    SCOTTSDALE, Ariz., March 27, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today published its 2024 sustainability report highlighting its progress on organizational and global impacts related to sustainability. Bill Siwek, President, and CEO noted, "We remain committed to helping the world increase renewable energy production. As we advance our goals and strategy to prepare for the expected growth of wind energy, we will continue to be a steadfast industry leader, focused on creating a more sustainable and resilient future for generations to come." Highlights of the report include: Safety: Continued to enable a culture of safety and remain best in class with incide

    $TPIC
    Industrial Machinery/Components
    Industrials
  • TPI Composites Achieves Milestone: 100,000 Wind Blades Manufactured

    SCOTTSDALE, Ariz., Feb. 24, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (NASDAQ:TPIC), a leading manufacturer of composite blades for the wind energy market, today announced it has reached a significant milestone: the production of its 100,000th wind blade since 2001. This achievement underscores TPI's commitment to driving the growth of wind energy through the manufacturing of high-quality, reliable blades. Over the past two decades, TPI has been at the forefront of wind blade technology, continuously innovating to meet the evolving needs of its customers and the industry. "We are incredibly proud to celebrate this milestone," said Bill Siwek, President and CEO of TPI Composites

    $TPIC
    Industrial Machinery/Components
    Industrials
  • TPI Composites, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Results – Expects Improved Profitability in 2025

    SCOTTSDALE, Ariz., Feb. 20, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the fourth quarter and full year ended December 31, 2024. "We delivered solid results in 2024 despite a challenging macroeconomic backdrop for the global wind industry. In 2024, we made the strategic decisions to transition lines to next-generation blades and restructure our portfolio by divesting the Automotive business, shutting down one of our Mexico facilities and rationalizing our workforce in Türkiye to reflect anticipated demand," said Bill Siwek, President and CEO of TPI Composites. "We finished 2024 with a recovery in free cash flow, which in turn, h

    $TPIC
    Industrial Machinery/Components
    Industrials

$TPIC
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$TPIC
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$TPIC
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$TPIC
SEC Filings

See more

$TPIC
Leadership Updates

Live Leadership Updates

See more
  • Jennifer Lowry to Join the Board of Directors of TPI Composites, Inc.

    SCOTTSDALE, Ariz., Nov. 07, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (NASDAQ:TPIC) announced today that Jennifer Lowry will be appointed to its board of directors, effective as of November 13, 2024. Ms. Lowry also will serve on the Audit Committee of the Board. Ms. Lowry brings many years of broad finance experience in the electric power industry. "We are excited to have Jen join our board," said Bill Siwek, TPI's President and CEO. "We will greatly benefit from Jen's experience in the electric power industry to help support our long-term strategy." Ms. Lowry currently serves as an independent director of Clearway Energy, Inc. (NYSE:CWEN) since February 2022 and MYR Group Inc.

    $CWEN
    $MYRG
    $TPIC
    Electric Utilities: Central
    Utilities
    Water Sewer Pipeline Comm & Power Line Construction
    Industrials
  • Edward Hall Nominated to Join the Board of Directors of TPI Composites, Inc.

    SCOTTSDALE, Ariz., April 09, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (NASDAQ:TPIC) announced today that Edward "Ned" Hall has been nominated to join its board of directors, and if elected, will become a director, effective immediately upon the conclusion of TPI's annual meeting of stockholders on May 29, 2024. TPI also announced that Philip Deutch and Linda Hudson were retiring from TPI's Board of Directors, effective upon the conclusion of TPI's annual meeting of stockholders on May 29, 2024. Mr. Deutch and Ms. Hudson have served as directors since 2007 and 2020, respectively. "We are excited to have Ned join our board," said Bill Siwek, TPI's President and CEO. "We will grea

    $AY
    $TPIC
    Electric Utilities: Central
    Utilities
    Industrial Machinery/Components
    Industrials
  • TPI Composites, Inc. Appoints Charles Stroo as Chief Operating Officer, Wind

    SCOTTSDALE, Ariz., Nov. 27, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (NASDAQ:TPIC), announced today that it has appointed Charles (Chuck) Stroo as Chief Operating Officer, Wind, effective November 27, 2023. In his role, Chuck will lead TPI's global wind manufacturing operations. Prior to joining TPI, Chuck served in multiple, global operational roles at Collins Aerospace, most recently as Vice President of Power & Controls Operations. Chuck started his career with Collins Aerospace over twenty years ago as an engineer before transitioning to operational roles. Chuck holds a Bachelor of Science Degree in Electrical Engineering from Iowa State University and a Master of Business

    $TPIC
    Industrial Machinery/Components
    Industrials

$TPIC
Financials

Live finance-specific insights

See more
  • TPI Composites, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Results – Expects Improved Profitability in 2025

    SCOTTSDALE, Ariz., Feb. 20, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the fourth quarter and full year ended December 31, 2024. "We delivered solid results in 2024 despite a challenging macroeconomic backdrop for the global wind industry. In 2024, we made the strategic decisions to transition lines to next-generation blades and restructure our portfolio by divesting the Automotive business, shutting down one of our Mexico facilities and rationalizing our workforce in Türkiye to reflect anticipated demand," said Bill Siwek, President and CEO of TPI Composites. "We finished 2024 with a recovery in free cash flow, which in turn, h

    $TPIC
    Industrial Machinery/Components
    Industrials
  • TPI Composites, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Release Date and Conference Call

    SCOTTSDALE, Ariz., Jan. 30, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. ("TPI") (NASDAQ:TPIC) today announced that the company will release its fourth quarter and full year 2024 results after the market close on Thursday, February 20, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-800-579-2543, or for international callers, 1-785-424-1789. The Conference ID for the live call is "TPIC". A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 11157847. The replay

    $TPIC
    Industrial Machinery/Components
    Industrials
  • TPI Composites, Inc. Announces Third Quarter 2024 Earnings Results – Operational Execution and Strategic Initiatives Drive Improved Profitability

    SCOTTSDALE, Ariz., Nov. 07, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ:TPIC), today reported financial results for the third quarter ended September 30, 2024. "The third quarter marked a significant improvement for the company, showcasing improved profitability with positive adjusted EBITDA. This improvement was largely driven by 89% utilization in our plants as we made progress on transitioning/starting up ten lines with next-generation workhorse blades. Our results also benefited from eliminating losses that had been burdening our financial performance by divesting the Automotive business and shutting down the Nordex Matamoros plant at the end of the second quarter of this ye

    $TPIC
    Industrial Machinery/Components
    Industrials

$TPIC
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more