MICHAEL R. SPLINTER - 23 May 2023 Form 4 Insider Report for Roth CH Acquisition IV Co. (TYGO)

Role
Director
Signature
/s/ Bill Roeschlein, as attorney-in-fact
Issuer symbol
TYGO
Transactions as of
23 May 2023
Net transactions value
$0
Form type
4
Filing time
25 May 2023, 21:59:04 UTC
Previous filing
22 Jul 2022
Next filing
23 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TYGO Common Stock Award +1,123,656 1,123,656 23 May 2023 See footnote F1, F2
transaction TYGO Common Stock Award +35,000 35,000 23 May 2023 See footnote F1, F3
transaction TYGO Common Stock Award +35,000 35,000 23 May 2023 See footnote F1, F4
transaction TYGO Common Stock Award +35,000 35,000 23 May 2023 See footnote F1, F5
transaction TYGO Common Stock Award +35,000 35,000 23 May 2023 See footnote F1, F6

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 +46,667 46,667 23 May 2023 Common Stock 46,667 $0.2600 Direct F7, F8
transaction TYGO Stock Option (Right to Buy) Award +46,667 46,667 23 May 2023 Common Stock 46,667 $0.2600 Direct F7, F8
transaction TYGO Stock Option (Right to Buy) Award +11,666 11,666 23 May 2023 Common Stock 11,666 $0.6000 Direct F1, F7, F8
transaction TYGO Stock Option (Right to Buy) Award +23,333 23,333 23 May 2023 Common Stock 23,333 $0.6900 Direct F1, F7, F9
transaction TYGO Stock Option (Right to Buy) Award +9,333 9,333 23 May 2023 Common Stock 9,333 $2.57 Direct F1, F7, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in connection with the business combination between the Issuer (formerly known as Roth CH Acquisition IV Co.) and Tigo Energy, Inc. ("Legacy Tigo") on May 23, 2023 (the "Merger"). Each share of Legacy Tigo common stock was exchanged in the Merger for 0.233335 shares of common stock of the Issuer.
F2 The shares reported are owned by the SPLINTER ROBOOSTOFF REV TRUST UAD 1/23/97, for which the Reporting Person serves as Trustee and exercises investing authority over such shares.
F3 The shares reported are owned by the AMANDA CHRISTINE SPLINTER 2012 IRREVOCABLE TRUST DTD 08/10/2012, for which the Reporting Person serves as Trustee and exercises investing authority over such shares.
F4 The shares reported are owned by the ARCHIE DAVID ROBOOSTOFF 2012 IRREVOCABLE TRUST DTD 08/10/2012, for which the Reporting Person serves as Trustee and exercises investing authority over such shares.
F5 The shares reported are owned by the JOSHUA MICHAEL SPLINTER 2012 IRREVOCABLE TRUST DTD 08/10/2012, for which the Reporting Person serves as Trustee and exercises investing authority over such shares.
F6 The shares reported are owned by the KRISTA DIANE FENSKE 2012 IRREVOCABLE TRUST DTD 08/10/2012, for which the Reporting Person serves as Trustee and exercises investing authority over such shares.
F7 Received in connection with the Merger. Each Legacy Tigo stock option was exchanged for a stock option to purchase for 0.233335 shares of common stock of the Issuer.
F8 The stock options are immediately exercisable.
F9 The stock options are 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 02/25/2022, and the remainder vest monthly through June 2026.
F10 The stock options are immediately exercisable, subject to a right of repurchase in favor of the Issuer, which lapses as the stock option vests. 25% of the options vest on 06/23/2023, and the remainder vest monthly thereafter through June 2026.