Jeffrey Stuart Sullivan - Aug 11, 2023 Form 4 Insider Report for TIGO ENERGY, INC. (TYGO)

Role: Chief Operating Officer
Signature: /s/ Bill Roeschlein, as attorney-in-fact
Stock symbol: TYGO
Transactions as of: Aug 11, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/15/2023, 05:06 PM
Previous filing: Jun 1, 2023
Next filing: Mar 6, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Ownership	Footnotes
transaction	TYGO	Common Stock	Award	$0	+56.5 K		$0.00	56.5 K	Aug 11, 2023	Direct	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
transaction	TYGO	Stock Option (right to buy)	Award	$0	+88.3 K		$0.00	88.3 K	Aug 11, 2023	Common Stock	88.3 K	$11.50	Direct	F2

Explanation of Responses:

Id	Content
F1	Represents 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.
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.

Content

Represents 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.

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.