Zvi Alon - Dec 10, 2024 Form 4 Insider Report for TIGO ENERGY, INC. (TYGO)

Role
CEO / Chairperson, Director, 10%+ Owner
Signature
/s/ Bill Roeschlein, as attorney-in-fact
Stock symbol
TYGO
Transactions as of
Dec 10, 2024
Transactions value $
$0
Form type
4
Date filed
12/23/2024, 04:37 PM
Previous filing
Sep 18, 2024

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) Disposed to Issuer $0 +272K $0.00 0 Dec 10, 2024 Common Stock 272K $11.50 Direct F1, F2
transaction TYGO Stock Option (Right to Buy) Award $0 +67.8K $0.00 67.8K Dec 10, 2024 Common Stock 67.8K $0.90 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 271,780 of the Issuer's shares granted to the reporting person on August 11, 2023. In exchange, the reporting person received a replacement option, for 67,776 shares, having an exercise price of $0.90 per share.
F2 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.