Michael R. Splinter - Jan 16, 2024 Form 4 Insider Report for TIGO ENERGY, INC. (TYGO)

Role
Director
Signature
/s/ Bill Roeschlein, as attorney-in-fact
Stock symbol
TYGO
Transactions as of
Jan 16, 2024
Transactions value $
$12,134
Form type
4
Date filed
1/18/2024, 03:22 PM
Previous filing
Jan 10, 2024
Next filing
Apr 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TYGO Common Stock Options Exercise $12.1K +46.7K +74.11% $0.26* 110K Jan 16, 2024 Direct F1
holding TYGO Common Stock 1.12M Jan 16, 2024 See footnote F2
holding TYGO Common Stock 35K Jan 16, 2024 See footnote F3
holding TYGO Common Stock 35K Jan 16, 2024 See footnote F4
holding TYGO Common Stock 35K Jan 16, 2024 See footnote F5
holding TYGO Common Stock 35K Jan 16, 2024 See footnote F6

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 -46.7K -100% $0.00* 0 Jan 16, 2024 Common Stock 46.7K $0.26 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 16,304 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. The RSUs will vest in full, and an equal number of shares of Common Stock will be deliverable to the reporting person, on the first anniversary of the Grant Date, subject to continued service through such vesting date.
F2 The shares reported are owned by the SPLINTER ROBOOSTOFF REV TRUST UAD 1/23/97, for which the reporting person serves as Trustee and exercises investing authority over such shares.
F3 The shares reported are owned by the AMANDA CHRISTINE SPLINTER 2012 IRREVOCABLE TRUST DTD 08/10/2012, for which the reporting person serves as Trustee and exercises investing authority over such shares.
F4 The shares reported are owned by the ARCHIE DAVID ROBOOSTOFF 2012 IRREVOCABLE TRUST DTD 08/10/2012, for which the reporting person serves as Trustee and exercises investing authority over such shares.
F5 The shares reported are owned by the JOSHUA MICHAEL SPLINTER 2012 IRREVOCABLE TRUST DTD 08/10/2012, for which the reporting person serves as Trustee and exercises investing authority over such shares.
F6 The shares reported are owned by the KRISTA DIANE FENSKE 2012 IRREVOCABLE TRUST DTD 08/10/2012, for which the reporting person serves as Trustee and exercises investing authority over such shares.
F7 Reflects the number of stock options granted to the reporting person on April 13, 2014, which was reported as 46,667 stock options on the reporting person's Form 4 filed on May 25, 2023. The difference is due to the finalization of the exchange ratio after the Issuer's previously announced business combination.
F8 The stock option was immediately exercisable on April 13, 2014, which was the date of grant.