Stanley Stern - 23 May 2023 Form 4 Insider Report for Roth CH Acquisition IV Co. (TYGO)

Role: Director
Signature: /s/ Stanley Stern
Issuer symbol: TYGO
Transactions as of: 23 May 2023
Net transactions value: $0
Form type: 4
Filing time: 25 May 2023, 21:59:17 UTC
Previous filing: 22 May 2023
Next filing: 15 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TYGO	Common Stock	Award		+169,118			169,118	23 May 2023	Direct	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		+93,334			93,334	23 May 2023	Common Stock	93,334	$0.6000	Direct	F2, F3
transaction	TYGO	Stock Option (Right to Buy)	Award		+23,333			23,333	23 May 2023	Common Stock	23,333	$0.6900	Direct	F2, F4
transaction	TYGO	Stock Option (Right to Buy)	Award		+9,333			9,333	23 May 2023	Common Stock	9,333	$2.57	Direct	F2, F5

* 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 share of Legacy Tigo common stock was exchanged in the Merger for 0.233335 shares of common stock of the Issuer.
F2	Received in connection with the Merger. Each Legacy Tigo stock option was exchanged for a stock option to purchase 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 02/25/2022, and the remainder vest monthly through January 2025.
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 vest on 06/23/2023, and the remainder vest monthly thereafter through May 2026.