Form 4: Tigo Energy Executive Jing Tian Disposes of Shares to Cover Tax Obligations

Chief Growth Officer Jing Tian disposed of 6,715 shares of Tigo Energy common stock to cover tax obligations arising from the vesting of restricted stock units.

Summary

• On August 11, 2024, Jing Tian, Chief Growth Officer of Tigo Energy, Inc., disposed of 6,715 shares of common stock.
• The disposition was an exempt transaction to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations related to the vesting of previously reported restricted stock units (RSUs).
• The price per share for the disposed shares was $1.26.
• Following the transaction, Tian directly owns 121,871 shares of Tigo Energy common stock, which includes 28,985 shares underlying RSUs granted on August 11, 2023, under the company's 2023 Incentive Plan.
• One-third of the RSUs vested on August 11, 2024, and the remaining RSUs will vest on the second and third anniversaries of the grant date, subject to continued service.

Sentiment

Score: 5

Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment towards the company's prospects.

Future Outlook

The remaining RSUs will vest on the second and third anniversaries of the grant date (August 11, 2023), subject to continued service.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect a change in the executive's confidence in the company.

Stakeholder Impact

• The transaction has minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.

Key Dates