Zvi Alon - Mar 4, 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
Stock symbol
TYGO
Transactions as of
Mar 4, 2024
Transactions value $
-$25,632
Form type
4
Date filed
3/6/2024, 07:18 PM
Previous filing
Mar 5, 2024
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TYGO Common Stock Award $0 +117K +67.28% $0.00 291K Mar 4, 2024 Direct F1, F2
transaction TYGO Common Stock Options Exercise $6.62K +25.7K +8.84% $0.26* 317K Mar 5, 2024 Direct F2
transaction TYGO Common Stock Sale -$32.2K -25.7K -8.13% $1.25 291K Mar 5, 2024 Direct F3, F4
holding TYGO Common Stock 1.77M Mar 4, 2024 By Revocable Trust
holding TYGO Common Stock 12.7M Mar 4, 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 -25.7K -7.9% $0.00 300K Mar 5, 2024 Common Stock 25.7K $0.26 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 117,000 shares of common stock, par value $0.0001 per share ("Common Stock"), underlying fully vested restricted stock units granted to the reporting person on March 4, 2024 pursuant to the Issuer's 2023 Incentive Plan in recognition of his service as an officer of the Company during fiscal 2023.
F2 Includes 173,913 shares of 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.
F3 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.
F4 Represents the weighted average sale price. The shares were sold in multiple transactions at prices ranging from $1.17 to $1.31.
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.