Tigo Energy (TYGO) director receives 33,068-share RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Manor Sagit reported acquisition or exercise transactions in this Form 4 filing.
Tigo Energy, Inc. director Manor Sagit received a grant of 33,068 shares of Common Stock underlying restricted stock units. The award was granted under the company’s 2023 Incentive Plan at no cash cost per share. After this grant, Sagit holds 386,598 shares directly.
The RSUs will vest in full immediately prior to Tigo Energy’s 2027 Annual Meeting of Stockholders, provided Sagit continues to serve through that date. Once vested, an equal number of Common Stock shares will be delivered to Sagit, turning the RSUs into freely owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Manor Sagit
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 33,068 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 386,598 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 33,068 shares
Grant price: $0.0000 per share
Post-grant holdings: 386,598 shares
+1 more
4 metrics
RSU grant size
33,068 shares
Common Stock underlying RSUs granted on May 20, 2026
Grant price
$0.0000 per share
RSU award made at no cash cost per share
Post-grant holdings
386,598 shares
Total Common Stock held directly after the transaction
Vesting timing
Immediately before 2027 Annual Meeting
RSUs vest in full before 2027 Annual Meeting, subject to service
Key Terms
restricted stock units, 2023 Incentive Plan, vest in full, Annual Meeting of Stockholders
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
"RSUs granted to the reporting person on May 20, 2026 pursuant to the Issuer's 2023 Incentive Plan"
vest in full financial
"The RSUs will vest in full, and an equal number of shares"
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?
Director Manor Sagit reported receiving a grant of 33,068 shares of Tigo Energy Common Stock underlying restricted stock units. The award was made at no cash cost per share as part of the company’s 2023 Incentive Plan for director compensation.
When do Manor Sagit’s new Tigo Energy (TYGO) RSUs vest?
The 33,068 restricted stock units granted to Manor Sagit will vest in full immediately before Tigo Energy’s 2027 Annual Meeting of Stockholders. Vesting is conditioned on Sagit’s continued service with the company through that specified vesting date.
What happens to the Tigo Energy (TYGO) RSUs when they vest for Manor Sagit?
When the RSUs vest immediately prior to the 2027 Annual Meeting, an equal number of Tigo Energy Common Stock shares will be delivered to Manor Sagit. At that point, the RSUs convert into actual shares held directly by the reporting person.
Under which plan were Manor Sagit’s Tigo Energy (TYGO) RSUs granted?
The restricted stock units were granted under Tigo Energy’s 2023 Incentive Plan. This plan is used to provide equity-based compensation, and the RSU grant represents a stock-based award tied to Sagit’s ongoing service as a director.