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[Form 4] Tigo Energy, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Michael R. Splinter, a director of Tigo Energy (TYGO), executed a buy-and-hold exercise of stock options on 08/06/2025 to acquire 11,668 shares at an exercise price of $0.599 per share. Following this transaction the reporting person directly beneficially owned 483,664 shares, a total that includes 126,904 shares underlying restricted stock units granted May 20, 2025 that will vest and be deliverable immediately prior to the 2026 annual meeting, subject to continued service.

The filing also discloses material indirect holdings for which the reporting person serves as trustee and exercises investing authority: 1,123,656 shares held by the SPLINTER ROBOOSTOFF REV TRUST UAD 1/23/97 and several irrevocable trusts holding 35,000 shares each. Footnotes state the option exercised was set to expire on 09/29/2025 and had been exercisable as of July 31, 2019.

Michael R. Splinter, membro del consiglio di Tigo Energy (TYGO), ha eseguito un'esercizio in modalit脿 buy-and-hold di opzioni su azioni il 08/06/2025 per acquisire 11,668 azioni al prezzo di esercizio di $0.599 per azione. A seguito di questa operazione il dichiarante possedeva direttamente 483,664 azioni, cifra che include 126,904 azioni sottostanti unit脿 azionarie vincolate (RSU) concesse il 20 maggio 2025 e che verranno assegnate e consegnate immediatamente prima dell'assemblea annuale 2026, subordinatamente alla continuazione del servizio.

La comunicazione indica inoltre partecipazioni indirette rilevanti per le quali il dichiarante agisce come trustee e detiene potere di investimento: 1,123,656 azioni detenute dalla SPLINTER ROBOOSTOFF REV TRUST UAD 1/23/97 e diversi trust irrevocabili che detengono ciascuno 35,000 azioni. Le note chiariscono che l'opzione esercitata era in scadenza il 09/29/2025 ed era esercitabile gi脿 dal 31 luglio 2019.

Michael R. Splinter, director de Tigo Energy (TYGO), realiz贸 un ejercicio buy-and-hold de opciones sobre acciones el 08/06/2025 para adquirir 11,668 acciones a un precio de ejercicio de $0.599 por acci贸n. Tras esta transacci贸n, la persona declarante pose铆a directamente 483,664 acciones, total que incluye 126,904 acciones subyacentes a unidades restringidas de acciones (RSU) otorgadas el 20 de mayo de 2025 y que se adjudicar谩n y entregar谩n inmediatamente antes de la junta anual de 2026, sujeto a la continuidad del servicio.

La presentaci贸n tambi茅n revela participaciones indirectas materiales sobre las que la persona declarante act煤a como fideicomisario y ejerce autoridad de inversi贸n: 1,123,656 acciones en la SPLINTER ROBOOSTOFF REV TRUST UAD 1/23/97 y varios fideicomisos irrevocables que poseen 35,000 acciones cada uno. Las notas indican que la opci贸n ejercida venc铆a el 09/29/2025 y hab铆a sido ejercitable desde el 31 de julio de 2019.

Michael R. Splinter電� Tigo Energy (TYGO)鞚� 鞚挫偓搿滌劀 08/06/2025鞐� 鞀ろ啞鞓奠厴鞚� buy-and-hold 氚╈嫕鞙茧 頄夓偓頃橃棳 11,668欤茧ゼ 欤茧嫻 $0.599鞐� 旆摑頄堨姷雼堧嫟. 鞚� 瓯半灅 鞚错泟 鞁犼碃鞚胳潃 歆侅爲鞝侅溂搿� 483,664欤茧ゼ 氤挫湢頃橁矊 霅橃棃鞙茧┌, 鞚� 齑濎垬鞐愲姅 2025雲� 5鞗� 20鞚� 攵�鞐悳 鞝滍暅欤检嫕雼渼(RSU) 126,904欤缄皜 韽暔霅橃柎 鞛堦碃 頃措嫻 欤检嫕鞚� 瓿勳啀 攴茧毳� 鞝勳牅搿� 2026雲� 鞐半 齑濏殞 歆侅爠鞐� 氩犾姢韺呺悩鞏� 鞚鸽弰霅� 鞓堨爼鞛呺媹雼�.

鞁犼碃靹滊姅 霕愴暅 鞁犼碃鞚胳澊 靾橅儊鞛� 鞐暊鞚� 頃橂┌ 韴瀽甓岉暅鞚� 頄夓偓頃橂姅 順曧儨鞚� 欷戩殧頃� 臧勳爲 氤挫湢霃� 瓿店皽頃╇媹雼�: SPLINTER ROBOOSTOFF REV TRUST UAD 1/23/97鞚� 氤挫湢頃� 1,123,656欤检檧 臧侁皝 35,000欤茧ゼ 氤挫湢頃� 鞐煬 攵堦皜鞐� 鞁犿儊霌�. 臧侅＜鞐愲姅 頄夓偓頃� 鞓奠厴鞚� 09/29/2025鞐� 毵岆霅� 鞓堨爼鞚挫棃瓿� 2019雲� 7鞗� 31鞚茧秬韯� 頄夓偓 臧�電� 靸來儨鞓�雼り碃 氇呾嫓霅橃柎 鞛堨姷雼堧嫟.

Michael R. Splinter, administrateur de Tigo Energy (TYGO), a proc茅d茅 le 08/06/2025 脿 un exercice 芦 buy-and-hold 禄 d'options sur actions pour acqu茅rir 11,668 actions au prix d'exercice de $0.599 par action. 脌 la suite de cette op茅ration, la personne d茅clar茅e d茅tenait directement 483,664 actions, un total qui comprend 126,904 actions sous-jacentes 脿 des unit茅s d'actions restreintes (RSU) attribu茅es le 20 mai 2025 et qui seront acquises et livr茅es imm茅diatement avant l'assembl茅e g茅n茅rale de 2026, sous r茅serve de la poursuite du service.

Le d茅p么t r茅v猫le 茅galement des participations indirectes significatives pour lesquelles la personne d茅clar茅e agit en tant que fiduciaire et exerce l'autorit茅 d'investissement : 1,123,656 actions d茅tenues par la SPLINTER ROBOOSTOFF REV TRUST UAD 1/23/97 et plusieurs trusts irr茅vocables d茅tenant chacun 35,000 actions. Les notes indiquent que l'option exerc茅e devait expirer le 09/29/2025 et 茅tait exercable depuis le 31 juillet 2019.

Michael R. Splinter, Direktor von Tigo Energy (TYGO), nahm am 08/06/2025 eine Buy-and-Hold-Aus眉bung von Aktienoptionen vor und erwarb dabei 11,668 Aktien zum Aus眉bungspreis von $0.599 je Aktie. Nach dieser Transaktion besa脽 die meldende Person unmittelbar 483,664 Aktien, eine Summe, die 126,904 Aktien umfasst, die sich auf am 20. Mai 2025 gew盲hrte Restricted Stock Units beziehen und die unmittelbar vor der Hauptversammlung 2026 unter der Voraussetzung fortgesetzter Dienstzeit anspruchsberechtigt werden und geliefert werden.

Die Meldung offenbart au脽erdem wesentliche indirekte Beteiligungen, f眉r die die meldende Person als Treuh盲nder fungiert und Investitionsbefugnis aus眉bt: 1,123,656 Aktien, gehalten von der SPLINTER ROBOOSTOFF REV TRUST UAD 1/23/97, sowie mehrere unwiderrufliche Trusts, die jeweils 35,000 Aktien halten. Fu脽noten besagen, dass die ausge眉bte Option am 09/29/2025 verfallen w盲re und seit dem 31. Juli 2019 aus眉bbar gewesen war.

Positive
  • Insider acquisition: Director exercised options and acquired 11,668 shares, demonstrating continued insider ownership.
  • Alignment via RSUs: Direct holdings include 126,904 RSU-linked shares scheduled to vest prior to the 2026 annual meeting, aligning management and shareholder interests upon vesting.
Negative
  • None.

Insights

TL;DR: Director exercised options to acquire 11,668 TYGO shares, modestly increasing direct ownership to 483,664 shares; transaction appears routine.

The exercise of 11,668 shares at $0.599 is a straightforward option exercise reported as a buy-and-hold action. The resulting direct position of 483,664 shares is significant in absolute terms but should be evaluated relative to total outstanding shares (not provided in this filing). The filing also documents 126,904 RSU-based shares included in the direct count that are scheduled to vest prior to the 2026 annual meeting, which will convert to delivered shares subject to service conditions. Overall, this filing is a routine insider holdings update rather than a material corporate event.

TL;DR: Insider exercise and extensive trustee-controlled holdings underline the reporting person鈥檚 ongoing ownership and governance involvement.

The report highlights the reporting person鈥檚 dual role as a director and trustee over multiple trusts holding sizeable TYGO positions (notably 1,123,656 shares in one revocable trust and several 35,000-share irrevocable trusts). That concentration of control via trustee roles is governance-relevant because it indicates where voting and investing authority resides. The inclusion of near-term RSU vesting schedules is also governance-relevant for share count and potential dilution tracking. The disclosure is thorough and consistent with routine Section 16 reporting obligations.

Michael R. Splinter, membro del consiglio di Tigo Energy (TYGO), ha eseguito un'esercizio in modalit脿 buy-and-hold di opzioni su azioni il 08/06/2025 per acquisire 11,668 azioni al prezzo di esercizio di $0.599 per azione. A seguito di questa operazione il dichiarante possedeva direttamente 483,664 azioni, cifra che include 126,904 azioni sottostanti unit脿 azionarie vincolate (RSU) concesse il 20 maggio 2025 e che verranno assegnate e consegnate immediatamente prima dell'assemblea annuale 2026, subordinatamente alla continuazione del servizio.

La comunicazione indica inoltre partecipazioni indirette rilevanti per le quali il dichiarante agisce come trustee e detiene potere di investimento: 1,123,656 azioni detenute dalla SPLINTER ROBOOSTOFF REV TRUST UAD 1/23/97 e diversi trust irrevocabili che detengono ciascuno 35,000 azioni. Le note chiariscono che l'opzione esercitata era in scadenza il 09/29/2025 ed era esercitabile gi脿 dal 31 luglio 2019.

Michael R. Splinter, director de Tigo Energy (TYGO), realiz贸 un ejercicio buy-and-hold de opciones sobre acciones el 08/06/2025 para adquirir 11,668 acciones a un precio de ejercicio de $0.599 por acci贸n. Tras esta transacci贸n, la persona declarante pose铆a directamente 483,664 acciones, total que incluye 126,904 acciones subyacentes a unidades restringidas de acciones (RSU) otorgadas el 20 de mayo de 2025 y que se adjudicar谩n y entregar谩n inmediatamente antes de la junta anual de 2026, sujeto a la continuidad del servicio.

La presentaci贸n tambi茅n revela participaciones indirectas materiales sobre las que la persona declarante act煤a como fideicomisario y ejerce autoridad de inversi贸n: 1,123,656 acciones en la SPLINTER ROBOOSTOFF REV TRUST UAD 1/23/97 y varios fideicomisos irrevocables que poseen 35,000 acciones cada uno. Las notas indican que la opci贸n ejercida venc铆a el 09/29/2025 y hab铆a sido ejercitable desde el 31 de julio de 2019.

Michael R. Splinter電� Tigo Energy (TYGO)鞚� 鞚挫偓搿滌劀 08/06/2025鞐� 鞀ろ啞鞓奠厴鞚� buy-and-hold 氚╈嫕鞙茧 頄夓偓頃橃棳 11,668欤茧ゼ 欤茧嫻 $0.599鞐� 旆摑頄堨姷雼堧嫟. 鞚� 瓯半灅 鞚错泟 鞁犼碃鞚胳潃 歆侅爲鞝侅溂搿� 483,664欤茧ゼ 氤挫湢頃橁矊 霅橃棃鞙茧┌, 鞚� 齑濎垬鞐愲姅 2025雲� 5鞗� 20鞚� 攵�鞐悳 鞝滍暅欤检嫕雼渼(RSU) 126,904欤缄皜 韽暔霅橃柎 鞛堦碃 頃措嫻 欤检嫕鞚� 瓿勳啀 攴茧毳� 鞝勳牅搿� 2026雲� 鞐半 齑濏殞 歆侅爠鞐� 氩犾姢韺呺悩鞏� 鞚鸽弰霅� 鞓堨爼鞛呺媹雼�.

鞁犼碃靹滊姅 霕愴暅 鞁犼碃鞚胳澊 靾橅儊鞛� 鞐暊鞚� 頃橂┌ 韴瀽甓岉暅鞚� 頄夓偓頃橂姅 順曧儨鞚� 欷戩殧頃� 臧勳爲 氤挫湢霃� 瓿店皽頃╇媹雼�: SPLINTER ROBOOSTOFF REV TRUST UAD 1/23/97鞚� 氤挫湢頃� 1,123,656欤检檧 臧侁皝 35,000欤茧ゼ 氤挫湢頃� 鞐煬 攵堦皜鞐� 鞁犿儊霌�. 臧侅＜鞐愲姅 頄夓偓頃� 鞓奠厴鞚� 09/29/2025鞐� 毵岆霅� 鞓堨爼鞚挫棃瓿� 2019雲� 7鞗� 31鞚茧秬韯� 頄夓偓 臧�電� 靸來儨鞓�雼り碃 氇呾嫓霅橃柎 鞛堨姷雼堧嫟.

Michael R. Splinter, administrateur de Tigo Energy (TYGO), a proc茅d茅 le 08/06/2025 脿 un exercice 芦 buy-and-hold 禄 d'options sur actions pour acqu茅rir 11,668 actions au prix d'exercice de $0.599 par action. 脌 la suite de cette op茅ration, la personne d茅clar茅e d茅tenait directement 483,664 actions, un total qui comprend 126,904 actions sous-jacentes 脿 des unit茅s d'actions restreintes (RSU) attribu茅es le 20 mai 2025 et qui seront acquises et livr茅es imm茅diatement avant l'assembl茅e g茅n茅rale de 2026, sous r茅serve de la poursuite du service.

Le d茅p么t r茅v猫le 茅galement des participations indirectes significatives pour lesquelles la personne d茅clar茅e agit en tant que fiduciaire et exerce l'autorit茅 d'investissement : 1,123,656 actions d茅tenues par la SPLINTER ROBOOSTOFF REV TRUST UAD 1/23/97 et plusieurs trusts irr茅vocables d茅tenant chacun 35,000 actions. Les notes indiquent que l'option exerc茅e devait expirer le 09/29/2025 et 茅tait exercable depuis le 31 juillet 2019.

Michael R. Splinter, Direktor von Tigo Energy (TYGO), nahm am 08/06/2025 eine Buy-and-Hold-Aus眉bung von Aktienoptionen vor und erwarb dabei 11,668 Aktien zum Aus眉bungspreis von $0.599 je Aktie. Nach dieser Transaktion besa脽 die meldende Person unmittelbar 483,664 Aktien, eine Summe, die 126,904 Aktien umfasst, die sich auf am 20. Mai 2025 gew盲hrte Restricted Stock Units beziehen und die unmittelbar vor der Hauptversammlung 2026 unter der Voraussetzung fortgesetzter Dienstzeit anspruchsberechtigt werden und geliefert werden.

Die Meldung offenbart au脽erdem wesentliche indirekte Beteiligungen, f眉r die die meldende Person als Treuh盲nder fungiert und Investitionsbefugnis aus眉bt: 1,123,656 Aktien, gehalten von der SPLINTER ROBOOSTOFF REV TRUST UAD 1/23/97, sowie mehrere unwiderrufliche Trusts, die jeweils 35,000 Aktien halten. Fu脽noten besagen, dass die ausge眉bte Option am 09/29/2025 verfallen w盲re und seit dem 31. Juli 2019 aus眉bbar gewesen war.

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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
SPLINTER MICHAEL R
(Last) (First) (Middle)
983 UNIVERSITY AVENUE, SUITE B
(Street)
LOS GATOS CA 95032
(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/06/2025
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
Common Stock 08/06/2025 M 11,668(1) A $0.599 483,664(2) D
Common Stock 1,123,656 I See footnote(3)
Common Stock 35,000 I See footnote(4)
Common Stock 35,000 I See footnote(5)
Common Stock 35,000 I See footnote(6)
Common Stock 35,000 I See footnote(7)
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) $0.599 08/06/2025 M(1) 11,668 (8) 09/29/2025 Common Stock 11,668 $0.00 0.00 D
Explanation of Responses:
1. Represents a buy and hold exercise by the reporting person of a stock option that was set to expire on September 29, 2025.
2. Includes 126,904 shares of common stock, par value $0.0001 per share ("Common Stock"), underlying restricted stock units ("RSUs") granted to the reporting person on May 20, 2025 pursuant to the Issuer's 2023 Incentive Plan. Such RSUs will vest in full, and an equal number of shares of Common Stock will be deliverable to the reporting person, immediately prior to the Issuer's 2026 Annual Meeting of Stockholders, subject to continued service through such vesting date.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. The stock option was exercisable on July 31, 2019.
/s/ Bill Roeschlein, as attorney-in-fact 08/11/2025
** 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.

Source:

FAQ

What transaction did Michael Splinter report on the TYGO Form 4?

The report discloses a buy-and-hold exercise of stock options on 08/06/2025 that resulted in the acquisition of 11,668 shares at an exercise price of $0.599 per share.

How many TYGO shares does the reporting person directly own after the transaction?

The reporting person directly beneficially owned 483,664 shares following the reported transaction.

Are there restricted stock units (RSUs) involved in this filing for TYGO?

Yes. The direct ownership figure includes 126,904 shares underlying RSUs granted on May 20, 2025 that will vest and be deliverable immediately prior to the 2026 annual meeting, subject to continued service.

Does the Form 4 report any indirect holdings for Michael Splinter in TYGO?

Yes. The filing reports 1,123,656 shares owned by the SPLINTER ROBOOSTOFF REV TRUST UAD 1/23/97 and several irrevocable trusts of 35,000 shares each, for which the reporting person serves as trustee and exercises investing authority.

What was the exercise price and expiration context for the option exercised?

The option exercised had an exercise price of $0.599. Footnotes state the option was set to expire on 09/29/2025 and had been exercisable as of July 31, 2019.
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Tigo Energy Inc.

NASDAQ:TYGO

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TYGO Stock Data

84.15M
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51.78%
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Solar
Semiconductors & Related Devices
United States
LOS GATOS