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
| 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 |
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| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
TPI COMPOSITES, INC [ TPIC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/21/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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) | ||||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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| 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. | ||