Is the 33,068-share Tigo Energy (TYGO) award a stock purchase or a grant?

The 33,068-share award is a grant of restricted stock units, not an open-market stock purchase. It represents equity compensation under Tigo Energy’s 2023 Incentive Plan, with the shares delivered upon vesting rather than being bought for cash.

Tigo Energy (TYGO) director granted 33,068 RSUs in equity award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Conley Joan C reported acquisition or exercise transactions in this Form 4 filing.

Tigo Energy director Joan C. Conley received an equity award of 33,068 shares of Common Stock in the form of restricted stock units. These RSUs were granted at no cash cost under the company’s 2023 Incentive Plan and are part of her director compensation.

The RSUs will vest in full immediately before Tigo Energy’s 2027 Annual Meeting of Stockholders, provided she continues serving through that date. After this grant, she directly holds 277,902 shares of Tigo Energy common stock, reflecting her ongoing equity stake in the company.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Conley Joan C

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	33,068	$0.00	--

Holdings After Transaction: Common Stock — 277,902 shares (Direct, null)

Footnotes (1)

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Key Figures

RSU grant size: 33,068 shares Post-transaction holdings: 277,902 shares Grant price: $0.00 per share +2 more

5 metrics

RSU grant size 33,068 shares Restricted stock units granted on May 20, 2026

Post-transaction holdings 277,902 shares Total common shares held directly after grant

Grant price $0.00 per share Equity award granted at no cash cost

Vesting event Immediately before 2027 Annual Meeting RSUs vest in full before 2027 stockholders meeting

Security type Common Stock Shares underlying the restricted stock units

Key Terms

restricted stock units, 2023 Incentive Plan, Annual Meeting of Stockholders, Common Stock

4 terms

restricted stock units financial

"underlying restricted stock units ("RSUs") granted to the reporting person"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2023 Incentive Plan financial

"granted to the reporting person on May 20, 2026 pursuant to the Issuer's 2023 Incentive Plan"

Annual Meeting of Stockholders financial

"immediately prior to the Issuer's 2027 Annual Meeting of Stockholders"

Common Stock financial

"Represents shares of common stock, par value $0.0001 per share ("Common Stock")"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 05:24 PM

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^*

Conley Joan C

(Last)

(First)

(Middle)

983 UNIVERSITY AVENUE

SUITE B

(Street)

LOS GATOS

CALIFORNIA

95032

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/20/2026		A		33,068⁽¹⁾	A	$0.00	277,902	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents 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, 2026 pursuant to the Issuer's 2023 Incentive Plan. 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.

	/s/ Bill Roeschlein, as attorney-in-fact	05/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Tigo Energy (TYGO) director Joan C. Conley report in this Form 4?

Director Joan C. Conley reported receiving 33,068 restricted stock units of Tigo Energy common stock. The award was granted at no cash cost as part of the company’s 2023 Incentive Plan and is structured as equity-based director compensation.

When do Joan C. Conley’s Tigo Energy (TYGO) RSUs vest?

The RSUs are scheduled to vest in full immediately before Tigo Energy’s 2027 Annual Meeting of Stockholders. Vesting is conditioned on her continued service through that date, after which an equal number of common shares will be delivered.

How many Tigo Energy (TYGO) shares does Joan C. Conley hold after this grant?

Following the RSU grant, Joan C. Conley directly holds 277,902 shares of Tigo Energy common stock. This total reflects her position after adding the 33,068-share equity award reported in the Form 4 insider transaction filing.

Under which plan were the Tigo Energy (TYGO) RSUs granted to the director?

The restricted stock units were granted under Tigo Energy’s 2023 Incentive Plan. This plan governs equity compensation awards such as RSUs, aligning director and employee interests with shareholder value through stock-based incentives and vesting conditions.