Tomer Babai - May 23, 2023 Form 4 Insider Report for Roth CH Acquisition IV Co. (TYGO)

Role
Director
Signature
/s/ Bill Roeschlein, as attorney-in-fact
Stock symbol
TYGO
Transactions as of
May 23, 2023
Transactions value $
$0
Form type
4
Date filed
5/25/2023, 09:58 PM
Next filing
Aug 15, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TYGO Stock Option (Right to Buy) Award +23.3K 23.3K May 23, 2023 Common Stock 23.3K $0.69 Direct F1, F2
transaction TYGO Stock Option (Right to Buy) Award +9.33K 9.33K May 23, 2023 Common Stock 9.33K $2.57 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in connection with the business combination between the Issuer (formerly known as Roth CH Acquisition IV Co.) and Tigo Energy, Inc. ("Legacy Tigo") on May 23, 2023 (the "Merger"). Each Legacy Tigo stock option was exchanged in the Merger for a stock option to acquire 0.233335 shares of common stock of the Issuer.
F2 The stock options are immediately exercisable, subject to a right of repurchase in favor of the Issuer, which lapses as the stock option vests. 25% of the options vested on 02/25/2022, and the remainder vest monthly thereafter through January 2025.
F3 The stock options are immediately exercisable, subject to a right of repurchase in favor of the Issuer, which lapses as the stock option vests. 25% of the options vest on 06/23/2023, and the remainder vest monthly thereafter through May 2026.