Zvi Alon - 13 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
13 Mar 2024
Net transactions value
+$77,130
Form type
4
Filing time
14 Mar 2024, 17:30:03 UTC
Previous filing
11 Mar 2024
Next filing
13 Aug 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 $77,130 +300,000 +129% $0.2571* 532,773 13 Mar 2024 Direct F1, F2
holding TYGO Common Stock 1,774,826 13 Mar 2024 By Revocable Trust
holding TYGO Common Stock 12,689,306 13 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 -300,000 -100% $0.000000* 0 13 Mar 2024 Common Stock 300,000 $0.2571 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a buy and hold exercise by the reporting person of a stock option that was set to expire on April 13, 2024.
F2 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.
F3 The stock option was immediately exercisable on April 14, 2014, which was the date of grant.
F4 As a result of this administrative error, the number of derivative securities owned by the reporting person following the corrected transaction reflects an increase in the number of shares reported as beneficially owned by the reporting person by 38 shares.

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.