SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Tian Jing

(Last) (First) (Middle)
655 CAMPBELL TECHNOLOGY PKWY, STE 150

(Street)
CAMPBELL CA 95008

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TIGO ENERGY, INC. [ TYGO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Growth Officer
3. Date of Earliest Transaction (Month/Day/Year)
05/30/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $10.65 05/30/2023 A 5,834 (1) 05/30/2033 Common Stock 5,834 $0.00 5,834 D
Stock Option (Right to Buy) $10.65 12/10/2024 D 5,834(2) (1) 05/30/2033 Common Stock 0 $0.00 0 D
Stock Option (Right to Buy) $0.9 12/10/2024 A 1,484(2) (1) 05/30/2033 Common Stock 1,484 $0.00 1,484 D
Stock Option (Right to Buy) $11.5 12/10/2024 D 67,945(3) (4) 08/10/2033 Common Stock 67,945 $0.00 0 D
Stock Option (Right to Buy) $0.9 12/10/2024 A 16,944(3) (4) 08/10/2033 Common Stock 16,944 $0.00 16,944 D
Explanation of Responses:
1. 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 May 30, 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.
2. Effective at 11:59 p.m. ET on December 10, 2024, the Issuer canceled, pursuant to the issuer's option exchange program, an option for 5,834 of the Issuer's shares granted to the reporting person on August 11, 2023. In exchange, the reporting person received a replacement option, for 1,484 shares, having an exercise price of $0.90 per share.
3. Effective at 11:59 p.m. ET on December 10, 2024, the Issuer canceled, pursuant to the issuer's option exchange program, an option for 67,945 of the Issuer's shares granted to the reporting person on August 11, 2023. In exchange, the reporting person received a replacement option, for 16,944 shares, having an exercise price of $0.90 per share.
4. 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.
Remarks:
The transactions herein are being reported late due to inadvertent administrative oversight.
/s/ Bill Roeschlein, as attorney-in-fact 12/23/2024
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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