Zvi Alon - Mar 7, 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 7, 2024
Transactions value $
-$73,725
Form type
4
Date filed
3/11/2024, 08:40 PM
Previous filing
Mar 6, 2024
Next filing
Mar 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TYGO Common Stock Sale -$21K -15.8K -5.42% $1.33 275K Mar 7, 2024 Direct F1, F2, F3
transaction TYGO Common Stock Sale -$22.8K -18.1K -6.57% $1.26 257K Mar 8, 2024 Direct F1, F3, F4
transaction TYGO Common Stock Sale -$30K -24.3K -9.45% $1.23 233K Mar 11, 2024 Direct F1, F3, F5
holding TYGO Common Stock 1.77M Mar 7, 2024 By Revocable Trust
holding TYGO Common Stock 12.7M Mar 7, 2024 By Alon Ventures, LLC
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Common Stock that were sold to satisfy the reporting person's tax withholding obligations in connection with the grant of shares of Common Stock referenced in the reporting person's Form 4 filed on March 6, 2024, as required by the terms of the restricted stock unit agreement. Such sales do not represent discretionary transactions by the reporting person.
F2 Represents the weighted average sale price. The shares were sold in multiple transactions at prices ranging from $1.28 to $1.36.
F3 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.
F4 Represents the weighted average sale price. The shares were sold in multiple transactions at prices ranging from $1.20 to $1.33.
F5 Represents the weighted average sale price. The shares were sold in multiple transactions at prices ranging from $1.19 to $1.28.

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.