Director Tomer Babai sells 63,452 Tigo Energy (TYGO) shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tigo Energy director Tomer Babai sold 63,452 shares of Common Stock in an open-market transaction. The shares were sold at a weighted average price of $4.1475 per share, with individual sale prices ranging from $4.025 to $4.235.
According to the footnote, this sale occurred upon the vesting of a restricted stock unit award granted on May 20, 2025 and was made solely to satisfy tax withholding obligations triggered by that vesting. After the transaction, Babai directly held 214,450 shares of Tigo Energy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 63,452 shares ($263,167)
Net Sell
1 txn
Insider
Babai Tomer
Role
null
Sold
63,452 shs ($263K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 63,452 | $4.1475 | $263K |
Holdings After Transaction:
Common Stock — 214,450 shares (Direct, null)
Footnotes (1)
- The reporting person sold 63,452 shares of common stock, par value $0.0001 per share ("Common Stock"), upon the vesting of a restricted stock unit award granted to him on May 20, 2025, solely to satisfy tax withholding obligations incurred upon vesting. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $4.025 to $4.235, inclusive. The reporting person undertakes to provide to Tigo Energy, Inc. (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 range set forth herein.
Key Figures
Shares sold: 63,452 shares
Weighted average sale price: $4.1475 per share
Sale price range: $4.025–$4.235 per share
+2 more
5 metrics
Shares sold
63,452 shares
Common Stock sold on May 26, 2026
Weighted average sale price
$4.1475 per share
Open-market sale to satisfy tax withholding
Sale price range
$4.025–$4.235 per share
Multiple transactions within this range
Shares owned after transaction
214,450 shares
Direct holdings following the sale
Net shares sold
63,452 shares
Net-sell direction in transaction summary
Key Terms
restricted stock unit, tax withholding obligations, weighted average price, Common Stock
4 terms
restricted stock unit financial
"upon the vesting of a restricted stock unit award granted to him on May 20, 2025"
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.
tax withholding obligations financial
"solely to satisfy tax withholding obligations incurred upon vesting"
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Common Stock financial
"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.
FAQ
What insider transaction did Tigo Energy (TYGO) report for Tomer Babai?
Tigo Energy reported that director Tomer Babai sold 63,452 shares of Common Stock. The sale was tied to the vesting of a restricted stock unit award and was executed solely to cover tax withholding obligations incurred at vesting.