Energy Growth Momentum GP II Ltd. - May 23, 2023 Form 3 Insider Report for TIGO ENERGY, INC. (TYGO)

Role
Other*, 10%+ Owner
Signature
Energy Growth Momentum GP II Limited, by: /s/ Mark Vidamour, Director
Stock symbol
TYGO
Transactions as of
May 23, 2023
Transactions value $
$0
Form type
3
Date filed
6/2/2023, 05:50 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TYGO Common Stock 9.13M May 23, 2023 Held by Energy Growth Momentum II LP F1
holding TYGO Common Stock 5.21M May 23, 2023 Held by Tigo SPV LP F1

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
holding TYGO Stock Option (right to buy) May 23, 2023 Common Stock 9.33K $2.57 Held by Energy Growth Momentum II LP F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Energy Growth Momentum GP II Limited ("EGM II GP") is the general partner of each of Energy Growth Momentum II LP ("EGM II LP") and Tigo SPV LP ("Tigo SPV"). Each of EGM II GP, EGM II LP and Tigo SPV disclaims beneficial ownership of these securities in excess of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.
F2 This option vests 25% on June 23, 2023, and the remainder in 1/48th monthly installments over the following thirty-six months.

Remarks:

John Wilson, an employee of Energy Growth Momentum LLP and shareholder of EGM II GP, serves on the Issuer's board of directors as a representative of the Reporting Persons. Accordingly, each of the Reporting Persons may be deemed to be a "director by deputization", as such term is used for purposes of the Exchange Act, of the Issuer.