Zvi Alon - Aug 24, 2023 Form 4 Insider Report for TIGO ENERGY, INC. (TYGO)

Signature
/s/ Bill Roeschlein, as attorney-in-fact
Stock symbol
TYGO
Transactions as of
Aug 24, 2023
Transactions value $
-$174,349
Form type
4
Date filed
8/28/2023, 04:15 PM
Previous filing
Aug 15, 2023
Next filing
Aug 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TYGO Common Stock Options Exercise $1.7K +6.6K +3.8% $0.26 181K Aug 24, 2023 Direct F1
transaction TYGO Common Stock Sale -$72.8K -6.6K -3.66% $11.03 174K Aug 24, 2023 Direct F2, F3
transaction TYGO Common Stock Options Exercise $2.42K +9.41K +5.41% $0.26 183K Aug 25, 2023 Direct F1
transaction TYGO Common Stock Sale -$106K -9.41K -5.14% $11.22 174K Aug 25, 2023 Direct F2, F4
holding TYGO Common Stock 1.77M Aug 24, 2023 By Revocable Trust
holding TYGO Common Stock 12.7M Aug 24, 2023 By Alon Ventures, LLC

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) Options Exercise $0 -6.6K -1.13% $0.00 576K Aug 24, 2023 Common Stock 6.6K $0.26 Direct F5
transaction TYGO Stock Option (right to buy) Options Exercise $0 -9.41K -1.63% $0.00 567K Aug 25, 2023 Common Stock 9.41K $0.26 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 173,913 shares of common stock, par value $0.0001 per share ("Common Stock"), underlying restricted stock units ("RSUs") granted to the reporting person on August 11, 2023 (the "Grant Date") pursuant to the Issuer's 2023 Incentive Plan. One-Third (1/3) of the RSUs shall vest, and an equal number of shares of Common Stock will be deliverable to the reporting person, on each of the first three anniversaries of the Grant Date, subject to continued service through each such vesting date.
F2 Represents shares of Common Stock that were sold to satisfy the exercise price and tax withholding obligations due upon the exercise of a stock option that was to expire on October 31, 2023.
F3 Represents the weighted average sale price. The shares were sold in multiple transactions at prices ranging from $10.62 to $11.62
F4 Represents the weighted average sale price. The shares were sold in multiple transactions at prices ranging from $10.92 to $11.31.
F5 The stock option was immediately exercisable on April 14, 2014, which was the date of grant.

Remarks:

The reporting person undertakes to provide to Tigo Energy, Inc., any security holder of Tigo Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price, with respect to all transactions reported on this Form 4.