Zvi Alon - 22 Feb 2024 Form 4 Insider Report for TIGO ENERGY, INC. (TYGO)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Bill Roeschlein, as attorney-in-fact
Issuer symbol
TYGO
Transactions as of
22 Feb 2024
Net transactions value
-$58,701
Form type
4
Filing time
26 Feb 2024, 18:48:52 UTC
Previous filing
22 Feb 2024
Next filing
28 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TYGO Common Stock Options Exercise $5,041 +19,606 +11% $0.2571 193,519 22 Feb 2024 Direct F1
transaction TYGO Common Stock Sale $28,838 -19,606 -10% $1.47 173,913 22 Feb 2024 Direct F2, F3
transaction TYGO Common Stock Options Exercise $7,807 +30,364 +17% $0.2571 204,277 23 Feb 2024 Direct F1
transaction TYGO Common Stock Sale $42,710 -30,364 -15% $1.41 173,913 23 Feb 2024 Direct F2, F4
holding TYGO Common Stock 1,774,826 22 Feb 2024 By Revocable Trust
holding TYGO Common Stock 12,689,306 22 Feb 2024 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 -19,606 -4% $0.000000 466,917 22 Feb 2024 Common Stock 19,606 $0.2571 Direct F5
transaction TYGO Stock Option (right to buy) Options Exercise $0 -30,364 -6.5% $0.000000 436,553 23 Feb 2024 Common Stock 30,364 $0.2571 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 April 13, 2024.
F3 Represents the weighted average sale price. The shares were sold in multiple transactions at prices ranging from $1.45 to $1.53.
F4 Represents the weighted average sale price. The shares were sold in multiple transactions at prices ranging from $1.25 to $1.47.
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.