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

Role
CEO / Chairperson, Director, 10%+ Owner
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

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TYGO Common Stock Award +1.77M 1.77M May 23, 2023 By Revocable Trust F1
transaction TYGO Common Stock Award +12.7M 12.7M May 23, 2023 By Alon Ventures, LLC F1

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 +583K 583K May 23, 2023 Common Stock 583K $0.26 Direct F2, F3
transaction TYGO Stock Option (Right to Buy) Award +102K 102K May 23, 2023 Common Stock 102K $0.60 Direct F2, F3
transaction TYGO Stock Option (Right to Buy) Award +137K 137K May 23, 2023 Common Stock 137K $0.56 Direct F2, F3
transaction TYGO Stock Option (Right to Buy) Award +82.2K 82.2K May 23, 2023 Common Stock 82.2K $0.56 Direct F2, F3
transaction TYGO Stock Option (Right to Buy) Award +90.4K 90.4K May 23, 2023 Common Stock 90.4K $0.64 Direct F2, F3
transaction TYGO Stock Option (Right to Buy) Award +99.4K 99.4K May 23, 2023 Common Stock 99.4K $0.64 Direct F2, F4
transaction TYGO Stock Option (Right to Buy) Award +140K 140K May 23, 2023 Common Stock 140K $0.75 Direct F2, F5
transaction TYGO Stock Option (Right to Buy) Award +123K 123K May 23, 2023 Common Stock 123K $2.57 Direct F2, F6
* 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 share of common stock was exchanged in the Merger for 0.233335 shares of Issuer common stock.
F2 Received in connection with 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.
F3 The stock options are immediately exercisable.
F4 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 7/01/2020, and the remainder vest monthly through July 2023.
F5 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 2/25/2022, and the remainder vest monthly through January 2025.
F6 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 6/23/2023, and the remainder vest monthly thereafter through May 2026.