Tigo Energy (TYGO) director sells shares to satisfy tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tigo Energy director Manor Sagit reported a tax-related share sale. She sold 63,500 shares of common stock at a weighted average price of $2.85 per share to satisfy tax withholding obligations triggered by the vesting of a restricted stock unit award granted on May 20, 2025.
After the sale, she holds 323,098 shares, including 33,068 shares underlying RSUs granted on May 20, 2026 that are scheduled to vest in full immediately prior to Tigo Energy’s 2027 Annual Meeting of Stockholders, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 63,500 shares ($180,975)
Net Sell
1 txn
Insider
Manor Sagit
Role
null
Sold
63,500 shs ($181K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 63,500 | $2.85 | $181K |
Holdings After Transaction:
Common Stock — 323,098 shares (Direct, null)
Footnotes (1)
- The reporting person sold 63,500 shares of common stock, par value $0.0001 per share ("Common Stock"), upon the vesting of a restricted stock unit award granted to her on May 20, 2025, solely to satisfy tax withholding obligations incurred upon vesting. Represents the weighted average sale price. The shares were sold in multiple transactions at prices ranging from $2.80 to $2.88, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. Includes 33,068 shares of Common Stock underlying RSUs granted to the reporting person on May 20, 2026. The 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 2027 Annual Meeting of Stockholders, subject to continued service through such vesting date.
Key Figures
Shares sold: 63,500 shares
Weighted average sale price: $2.85 per share
Sale price range: $2.80–$2.88 per share
+3 more
6 metrics
Shares sold
63,500 shares
Common stock sold on June 15, 2026 to cover tax withholding
Weighted average sale price
$2.85 per share
Average price for 63,500 shares sold in multiple transactions
Sale price range
$2.80–$2.88 per share
Range of prices for individual sale transactions
Shares owned after transaction
323,098 shares
Total common stock beneficially owned after the reported sale
Unvested RSUs
33,068 shares
Shares underlying RSUs granted May 20, 2026, vesting before 2027 meeting
RSU grant date (tax sale source)
May 20, 2025
Grant date of RSU award whose vesting triggered tax-related sale
Key Terms
restricted stock unit, weighted average sale price, tax withholding obligations, Annual Meeting of Stockholders
4 terms
restricted stock unit financial
"upon the vesting of a restricted stock unit award granted to her"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
weighted average sale price financial
"Represents the weighted average sale price. The shares were sold"
tax withholding obligations financial
"solely to satisfy tax withholding obligations incurred upon vesting"
Annual Meeting of Stockholders financial
"immediately prior to the Issuer's 2027 Annual Meeting of Stockholders"
FAQ
What insider transaction did Tigo Energy (TYGO) director Manor Sagit report?
Manor Sagit reported selling 63,500 shares of Tigo Energy common stock. The sale was linked to the vesting of a restricted stock unit award and was executed to cover tax withholding obligations, rather than as a discretionary open-market exit.
What future RSU vesting does Manor Sagit have at Tigo Energy (TYGO)?
Her holdings include 33,068 shares underlying restricted stock units granted on May 20, 2026. These RSUs will vest in full immediately before Tigo Energy’s 2027 Annual Meeting of Stockholders, provided she continues her service through that vesting date.