Zvi Alon - 04 Mar 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
04 Mar 2024
Net transactions value
-$25,632
Form type
4
Filing time
06 Mar 2024, 19:18:06 UTC
Previous filing
05 Mar 2024
Next filing
11 Mar 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 Award $0 +117,000 +67% $0.000000 290,913 04 Mar 2024 Direct F1, F2
transaction TYGO Common Stock Options Exercise $6,615 +25,730 +8.8% $0.2571* 316,643 05 Mar 2024 Direct F2
transaction TYGO Common Stock Sale $32,247 -25,730 -8.1% $1.25 290,913 05 Mar 2024 Direct F3, F4
holding TYGO Common Stock 1,774,826 04 Mar 2024 By Revocable Trust
holding TYGO Common Stock 12,689,306 04 Mar 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 -25,730 -7.9% $0.000000 299,962 05 Mar 2024 Common Stock 25,730 $0.2571 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.