Jing Tian - 30 May 2023 Form 4 Insider Report for TIGO ENERGY, INC. (TYGO)

Role
Chief Growth Officer
Signature
/s/ Bill Roeschlein, as attorney-in-fact
Issuer symbol
TYGO
Transactions as of
30 May 2023
Net transactions value
$0
Form type
4
Filing time
23 Dec 2024, 16:36:08 UTC
Previous filing
25 May 2023
Next filing
15 Aug 2023
SEC
View on sec.gov

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) Award $0 +5,834 $0.000000 5,834 30 May 2023 Common Stock 5,834 $10.65 Direct F1
transaction TYGO Stock Option (Right to Buy) Disposed to Issuer $0 +5,834 $0.000000 0 10 Dec 2024 Common Stock 0 $10.65 Direct F1, F2
transaction TYGO Stock Option (Right to Buy) Award $0 +1,484 $0.000000 1,484 10 Dec 2024 Common Stock 1,484 $0.9000 Direct F1, F2
transaction TYGO Stock Option (Right to Buy) Disposed to Issuer $0 +67,945 $0.000000 0 10 Dec 2024 Common Stock 67,945 $11.50 Direct F3, F4
transaction TYGO Stock Option (Right to Buy) Award $0 +16,944 $0.000000 16,944 10 Dec 2024 Common Stock 16,944 $0.9000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock option was granted under the Issuer's 2023 Incentive Plan. The option is scheduled to vest as to twenty-five percent (25%) of the shares subject to the stock option on May 30, 2023 and one forty-eighth (1/48th) of the shares subject to the option shall vest on the last day of each calendar month thereafter, subject to continued service through each such vesting date.
F2 Effective at 11:59 p.m. ET on December 10, 2024, the Issuer canceled, pursuant to the issuer's option exchange program, an option for 5,834 of the Issuer's shares granted to the reporting person on August 11, 2023. In exchange, the reporting person received a replacement option, for 1,484 shares, having an exercise price of $0.90 per share.
F3 Effective at 11:59 p.m. ET on December 10, 2024, the Issuer canceled, pursuant to the issuer's option exchange program, an option for 67,945 of the Issuer's shares granted to the reporting person on August 11, 2023. In exchange, the reporting person received a replacement option, for 16,944 shares, having an exercise price of $0.90 per share.
F4 Stock option was granted under the Issuer's 2023 Incentive Plan. The option is scheduled to vest as to twenty-five percent (25%) of the shares subject to the stock option on August 11, 2023 and one forty-eighth (1/48th) of the shares subject to the option shall vest on the last day of each calendar month thereafter, subject to continued service through each such vesting date.

Remarks:

The transactions herein are being reported late due to inadvertent administrative oversight.