Jing Tian - Jan 19, 2024 Form 4 Insider Report for TIGO ENERGY, INC. (TYGO)

Role: Chief Growth Officer
Signature: /s/ Bill Roeschlein, as attorney-in-fact
Stock symbol: TYGO
Transactions as of: Jan 19, 2024
Transactions value $: $48,308
Form type: 4
Date filed: 1/23/2024, 08:00 AM
Previous filing: Aug 15, 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	Options Exercise	$48.3K	+70K	+161.03%	$0.69	113K	Jan 19, 2024	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)	Options Exercise	$0	-70K	-75%	$0.00	23.3K	Jan 19, 2024	Common Stock	70K	$0.69	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 43,478 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	The stock options were immediately exercisable, subject to a right of repurchase in favor of the Issuer, which lapses as the stock option vests. 25% of the options vested on 01/19/2021, and the remainder vest monthly through December 2024.

Content

Includes 43,478 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.

The stock options were immediately exercisable, subject to a right of repurchase in favor of the Issuer, which lapses as the stock option vests. 25% of the options vested on 01/19/2021, and the remainder vest monthly through December 2024.