Sec Form 4 Filing - Dere Construction Taahhut A.S. @ TPI COMPOSITES, INC - 2024-06-21

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Dere Construction Taahhut A.S.
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)
(Last) (First) (Middle)
AKDENIZ MAH, CUMHURIYET BULVARI, BULVAR IS HANI 109/27 35210 KONAK
3. Date of Earliest Transaction (MM/DD/YY)
06/21/2024
(Street)
IZMIR, W8
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Dere Construction Taahhut A.S.
AKDENIZ MAH, CUMHURIYET BULVARI
BULVAR IS HANI 109/27 35210 KONAK
IZMIR, W8
X
Turan Zeki Bora
AKDENIZ MAH, CUMHURIYET BULVARI,
BULVAR IS HANI 109/27, 35210 KONAK
IZMIR, W8
X
Birhekimoglu Emre
AKDENIZ MAH, CUMHURIYET BULVARI,
BULVAR IS HANI 109/27, 35210 KONAK
IZMIR, W8
X
Kirmizioglu Alp
67 THE PRADO NE
ATLANTA, GA30309
X
Signatures
DERE CONSTRUCTION TAAHHUT A.S. By: /s/ Zeki Bora Turan Name: Zeki Bora Turan Title: Chairman of the Board 02/14/2025
Signatur e of Reporting Person Date
/s/ Zeki Bora Turan 02/14/2025
Signature of Reporting Person Date
/s/ Emre Birhekimoglu 02/14/2025
Signature of Reporting Person Date
/s/ Alp Kirmizioglu 02/14/2025
Signature of Reporting Person Date
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.

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).

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