James JD Dillon - 23 May 2023 Form 4 Insider Report for Roth CH Acquisition IV Co. (TYGO)

Role
Chief Marketing Officer
Signature
/s/ Bill Roeschlein, as attorney-in-fact
Issuer symbol
TYGO
Transactions as of
23 May 2023
Net transactions value
$0
Form type
4
Filing time
25 May 2023, 21:58:52 UTC
Next filing
15 Aug 2023
SEC
View on sec.gov

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 +93,334 93,334 23 May 2023 Common Stock 93,334 $0.6900 Direct F1, F2
transaction TYGO Stock Option (Right to Buy) Award +9,333 9,333 23 May 2023 Common Stock 9,333 $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 11/02/2021, and the remainder vest monthly through October 2024.
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.