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Tigo Energy CFO Reports RSU Withholding; 454,329 Shares Beneficially Owned

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Reporting person: Bill Roeschlein, Chief Financial Officer of Tigo Energy, Inc. (TYGO). The Form 4 reports a transaction on 08/11/2025 in which 12,283 shares of common stock were disposed of (F code) as shares were withheld to satisfy tax withholding obligations at a price of $1.28 per share. After the reported transaction, the reporting person beneficially owned 454,329 shares of common stock. The filing explains that the ownership total includes RSUs from three grant dates: 25,362 shares underlying RSUs granted on August 11, 2023, 177,776 shares underlying RSUs granted on September 16, 2024, and 192,366 shares underlying RSUs granted on August 1, 2025. Each RSU grant vests in three equal annual tranches subject to continued service. The form is signed by Bill Roeschlein on 08/21/2025.

Positive

  • Substantial insider ownership: Reporting person beneficially owns 454,329 shares, aligning management incentives with shareholders.
  • Clear time-based vesting: RSUs from 2023, 2024, and 2025 vest in three equal annual tranches, supporting retention.

Negative

  • Share disposition via withholding: 12,283 shares were disposed to satisfy tax obligations, reducing the reporting person's free-floating shares.

Insights

TL;DR: Routine tax-withholding on vested RSUs by the CFO; continuing substantial insider ownership aligns management with shareholders.

The Form 4 documents a common internal practice where shares are withheld to cover taxes upon RSU vesting. The reporting person remains a significant equity holder with 454,329 shares beneficially owned, including RSUs from grants in 2023, 2024 and 2025 that vest over three years. This indicates ongoing long-term incentive arrangements tied to service, not an open-market sale signaling change in control or diversification. The transaction code "F" is consistent with share withholding under Rule 16b-3(e).

TL;DR: The filing shows standard RSU vesting mechanics and tax withholding; materiality is limited to disclosure of aggregate insider holdings.

The filing breaks down RSU allocations: 25,362 (Aug 11, 2023 grant), 177,776 (Sep 16, 2024 grant), and 192,366 (Aug 1, 2025 grant). Vesting schedules are one-third each year for three years, indicating time-based retention incentives. The withholding of 12,283 shares at $1.28 per share is an administrative settlement to satisfy tax obligations on vested RSUs rather than a discretionary sale. For compensation assessment, these figures confirm ongoing equity-based pay but do not reveal performance conditions or acceleration clauses.

Insider ROESCHLEIN BILL
Role Chief Financial Officer
Type Security Shares Price Value
Exercise Price or Tax Liability Common Stock 12,283 $1.28 $16K
Holdings After Transaction: Common Stock — 454,329 shares (Direct)
Footnotes (3)
  1. F1. Represents shares of common stock, par value $0.0001 per share ("Common Stock") withheld in an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations of the reporting person arising out of the vesting of previously reported restricted stock units ("RSUs").
  2. F2. Includes 25,362 shares of Common Stock underlying RSUs granted to the reporting person on August 11, 2023 (the "August 2023 Grant Date"), 177,776 shares of Common Stock underlying RSUs granted to the reporting person on September 16, 2024 (the "September 2024 Grant Date"), and 192,366 shares of Common Stock underlying RSU's granted to the reporting person on August 1, 2025 (the "August 2025 Grant Date") in each case, pursuant to the Issuer's 2023 Incentive Plan. One-Third (1/3) of the RSUs initially granted to the reporting person on August 11, 2023 vested and were delivered to the reporting person on August 11, 2024, the first anniversary of the August 2023 Grant Date, and one-third of the RSUs subject to the grant shall vest and be deliverable to the reporting person on each of the second and third anniversaries of the August 2023 Grant Date, subject to continued service through each such vesting date.
  3. F3. (Continuation of the Footnote (2)) One-Third (1/3) of the RSUs granted to the reporting person on September 16, 2024 shall vest, and an equal number of shares of Common Stock will be deliverable to the reporting person, on each of the first three anniversaries of the September 2024 Grant Date, subject to continued service through each such vesting date. One-Third (1/3) of the RSUs granted to the reporting person on August 1, 2025 shall vest, and an equal number of shares of Common Stock will be deliverable to the reporting person, on each of the first three anniversaries of the August 2025 Grant Date, subject to continued service through each such vesting date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What transaction did Bill Roeschlein report on Form 4 for TYGO?
The Form 4 reports a 08/11/2025 transaction where 12,283 shares were disposed (withheld) at $1.28 per share to satisfy tax withholding on vested RSUs.

How many shares does the CFO of Tigo Energy beneficially own after the reported transaction?
After the transaction the reporting person beneficially owned 454,329 shares of Tigo Energy common stock.

What RSU grants are included in the reported beneficial ownership for TYGO?
The beneficial ownership includes RSUs underlying 25,362 shares (Aug 11, 2023 grant), 177,776 shares (Sep 16, 2024 grant), and 192,366 shares (Aug 1, 2025 grant).

What is the vesting schedule for the RSUs reported by Bill Roeschlein?
Each RSU grant vests in three equal annual installments (one-third on each of the first three anniversaries of the grant date), subject to continued service.

What does transaction code 'F' mean on this Form 4?
In this filing, code F denotes an exempt disposition where shares are withheld by the issuer to satisfy tax-withholding obligations related to vested RSUs.

When was the Form 4 signed by the reporting person?
The Form 4 is signed by Bill Roeschlein on 08/21/2025.
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*
ROESCHLEIN BILL
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025
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 08/11/2025 F 12,283(1) D $1.28 454,329(2)(3) 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents shares of common stock, par value $0.0001 per share ("Common Stock") withheld in an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations of the reporting person arising out of the vesting of previously reported restricted stock units ("RSUs").
2. Includes 25,362 shares of Common Stock underlying RSUs granted to the reporting person on August 11, 2023 (the "August 2023 Grant Date"), 177,776 shares of Common Stock underlying RSUs granted to the reporting person on September 16, 2024 (the "September 2024 Grant Date"), and 192,366 shares of Common Stock underlying RSU's granted to the reporting person on August 1, 2025 (the "August 2025 Grant Date") in each case, pursuant to the Issuer's 2023 Incentive Plan. One-Third (1/3) of the RSUs initially granted to the reporting person on August 11, 2023 vested and were delivered to the reporting person on August 11, 2024, the first anniversary of the August 2023 Grant Date, and one-third of the RSUs subject to the grant shall vest and be deliverable to the reporting person on each of the second and third anniversaries of the August 2023 Grant Date, subject to continued service through each such vesting date.
3. (Continuation of the Footnote (2)) One-Third (1/3) of the RSUs granted to the reporting person on September 16, 2024 shall vest, and an equal number of shares of Common Stock will be deliverable to the reporting person, on each of the first three anniversaries of the September 2024 Grant Date, subject to continued service through each such vesting date. One-Third (1/3) of the RSUs granted to the reporting person on August 1, 2025 shall vest, and an equal number of shares of Common Stock will be deliverable to the reporting person, on each of the first three anniversaries of the August 2025 Grant Date, subject to continued service through each such vesting date.
/s/ Bill Roeschlein 08/21/2025
** 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: View Original Filing on SEC EDGAR