• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13G filed by TPI Composites Inc.

    5/28/24 5:00:41 PM ET
    $TPIC
    Industrial Machinery/Components
    Industrials
    Get the next $TPIC alert in real time by email
    SC 13G 1 tpi13g-05282024.htm

    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C.  20549
    SCHEDULE 13G
    Under the Securities Exchange Act of 1934
    (Amendment No.__)*
    TPI Composites, Inc
    (Name of Issuer)
    Common Stock, par value $0.01 per share
    (Title of Class of Securities)
    87266J104
    (CUSIP Number)
    May 21, 2024
    (Date of Event which Requires Filing of this Statement)
    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
    [ ]            Rule 13d-1(b)
    [x]            Rule 13d-1(c)
    [ ]            Rule 13d-1(d)
    *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


    1.
    NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
       
     
    James O. Shaver
       
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
     
    (a)    [ ]
     
    (b)    [ ]
       
    3.
    SEC USE ONLY
       
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
     
    United States
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
       
    5.
    SOLE VOTING POWER
       
     
    2,400,000*
       
    6.
    SHARED VOTING POWER
       
     
    0
       
    7.
    SOLE DISPOSITIVE POWER
       
     
    2,400,000*
       
    8.
    SHARED DISPOSITIVE POWER
       
     
    0
       
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
     
    2,400,000*
       
    10.
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES    [ ]
       
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
       
     
    5.1%
       
    12.
    TYPE OF REPORTING PERSON
       
     
    IN
     
    *Includes shares owned jointly with the Reporting Person’s spouse.

    Item 1(a).
    Name of Issuer:
    TPI Composites, Inc (“Issuer”)
    Item 1(b).
    Address of Issuer’s Principal Executive Offices:
    9200 E. Pima Center Parkway, Suite 250
    Scottsdale, AZ 85258

    Item 2.
    (a) Name of Person Filing:
    (b) Address of Principal Business Office or, if None, Residence:
    (c) Citizenship:
    The name and citizenship of the person filing this statement on Schedule 13G is (the “Reporting Person”):

    James O. Shaver
    Citizenship: United States

    The principal business address of the Reporting Person is 10 East 53rd Street, 19th Floor, New York, NY 10022

    Item 2(d).
    Title of Class of Securities:
    Common Stock, par value $0.01 per share (the “Common Stock”).
    Item 2(e).
    CUSIP Number:
    87266J104.

    Item 3.
    If This Statement is Filed Pursuant to Rule 13d 1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
     
    (a)
    [ ]
    Broker or dealer registered under Section 15 of the Exchange Act.
     
    (b)
    [ ]
    Bank as defined in Section 3(a)(6) of the Exchange Act.
     
    (c)
    [ ]
    Insurance company defined in Section 3(a)(19) of the Exchange Act.
     
    (d)
    [ ]
    Investment company registered under Section 8 of the Investment Company Act.
     
    (e)
    [ ]
    Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
     
    (f)
    [ ]
    Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).
     
    (g)
    [ ]
    Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).
     
    (h)
    [ ]
    Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
     
    (i)
    [ ]
    Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;
     
    (j)
    [ ]
    Non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J).
     
    (k)
    [ ]
    Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____


    Item 4.
    Ownership.
    (a)
    Amount beneficially owned:
    As of the close of business on May 21, 2024, the Reporting Person beneficially owned 2,400,000 shares of Common Stock.
    (b)
    Percent of Class:
    As of the close of business on May 21, 2024, the Reporting Person beneficially owned  approximately 5.1% of the outstanding shares of the Issuer’s Common Stock, which percentage was calculated based on 47,468,503 shares of the Issuer’s Common Stock outstanding as of April 30, 2024, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 2, 2024.
    (c)
    Number of shares as to which such person has:

    (i)
    Sole power to vote or to direct the vote of Common Shares:
    See Cover Page Items 5-9.

    (ii)
    Shared power to vote or to direct the vote of Common Shares:
    See Cover Page Items 5-9.

    (iii)
    Sole power to dispose or to direct the disposition of Common Shares:
    See Cover Page Items 5-9.

    (iv)
    Shared power to dispose or to direct the disposition of Common Shares:
    See Cover Page Items 5-9.
    Item 5.
    Ownership of Five Percent or Less of a Class.
    If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following [  ].
    Item 6.
    Ownership of More than Five Percent on Behalf of Another Person.
    Not applicable.
    Item 7.
    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
    Not applicable.
    Item 8.
    Identification and Classification of Members of the Group.
    Not applicable.
    Item 9.
    Notice of Dissolution of Group.
    Not applicable.
    Item 10.
    Certification.
    By signing below the undersigned certifies that, to the best of his knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


    SIGNATURE
    After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information with respect to it set forth in this statement is true, complete, and correct.
    Dated: May 28, 2024
    /s/ James O. Shaver
     
    JAMES O. SHAVER
     
       

    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
    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
    • TPI Composites downgraded by Jefferies with a new price target

      Jefferies downgraded TPI Composites from Hold to Underperform and set a new price target of $0.50

      3/18/25 7:57:29 AM ET
      $TPIC
      Industrial Machinery/Components
      Industrials
    • TPI Composites downgraded by Analyst

      Analyst downgraded TPI Composites from Overweight to Neutral

      12/12/24 8:15:57 AM ET
      $TPIC
      Industrial Machinery/Components
      Industrials
    • TPI Composites downgraded by Morgan Stanley with a new price target

      Morgan Stanley downgraded TPI Composites from Equal-Weight to Underweight and set a new price target of $2.00 from $4.00 previously

      11/15/24 8:23:28 AM ET
      $TPIC
      Industrial Machinery/Components
      Industrials

    $TPIC
    Insider Trading

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

    See more
    • Chief Financial Officer Miller Ryan D. converted options into 6,677 shares and covered exercise/tax liability with 1,760 shares, increasing direct ownership by 12% to 44,541 units (SEC Form 4)

      4 - TPI COMPOSITES, INC (0001455684) (Issuer)

      5/27/25 4:38:28 PM ET
      $TPIC
      Industrial Machinery/Components
      Industrials
    • Director Desai Jayshree S converted options into 30,134 shares, increasing direct ownership by 76% to 69,561 units (SEC Form 4)

      4 - TPI COMPOSITES, INC (0001455684) (Issuer)

      5/27/25 4:14:41 PM ET
      $TPIC
      Industrial Machinery/Components
      Industrials
    • Director Giovacchini Paul G converted options into 15,067 shares, increasing direct ownership by 18% to 97,934 units (SEC Form 4)

      4 - TPI COMPOSITES, INC (0001455684) (Issuer)

      5/27/25 4:06:02 PM ET
      $TPIC
      Industrial Machinery/Components
      Industrials

    $TPIC
    Insider Purchases

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

    See more
    • Large owner Dere Construction Taahhut A.S. bought $338,290 worth of shares (227,000 units at $1.49) (SEC Form 4)

      4 - TPI COMPOSITES, INC (0001455684) (Issuer)

      2/27/25 7:14:43 PM ET
      $TPIC
      Industrial Machinery/Components
      Industrials
    • 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)

      4 - TPI COMPOSITES, INC (0001455684) (Issuer)

      2/14/25 4:18:26 PM ET
      $TPIC
      Industrial Machinery/Components
      Industrials
    • President and CEO Siwek William E bought $21,900 worth of shares (10,000 units at $2.19), increasing direct ownership by 5% to 218,347 units (SEC Form 4)

      4 - TPI COMPOSITES, INC (0001455684) (Issuer)

      11/14/24 8:58:16 AM ET
      $TPIC
      Industrial Machinery/Components
      Industrials