Dillon James JD 4
4 · TIGO ENERGY, INC. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
TIGO ENERGY CMO Dillon James Receives Award; Shares Withheld for Taxes
What Happened
Dillon James, Chief Marketing Officer of TIGO ENERGY, received 35,117 shares of common stock on March 17, 2026 when performance stock units (PSUs) vested after the company met 2025 revenue and adjusted EBITDA goals. To cover tax withholding on the PSU settlement, 18,793 shares were withheld (reported as a disposition) at an assessed value of $4.14 per share, totaling $77,803. The acquisition was reported as an award/grant (code A) and the withholding as a tax payment (code F).
Key Details
- Transaction date: March 17, 2026; Filing date: March 19, 2026 (timely filing).
- Acquired: 35,117 shares @ $0.00 (vested PSUs).
- Withheld/disposed for taxes: 18,793 shares @ $4.14 = $77,803 (tax withholding).
- Footnote highlights: PSUs vested based on achievement of 2025 performance targets (Footnote F1). Shares withheld were used to satisfy tax withholding obligations (Footnote F4). Footnotes F2–F3 describe outstanding RSU grant schedules from Aug 2023, Sep 2024 and Aug 2025.
- Shares owned after the transaction: not specified in the provided excerpt.
Context
- This was a vesting/settlement of performance-based equity (PSUs) rather than an open-market purchase or sale. The withholding of shares to pay taxes is a routine administrative step (code F) and does not necessarily indicate a voluntary sale of stock by the insider.
- RSU schedules noted in the filing indicate additional time-based vesting remains for other grants; PSUs were partially vested for the first performance period (2025).
Insider Transaction Report
Form 4
Dillon James JD
Chief Marketing Officer
Transactions
- Award
Common Stock
[F1][F2][F3]2026-03-17+35,117→ 217,873 total - Tax Payment
Common Stock
[F4][F2][F3]2026-03-17$4.14/sh−18,793$77,803→ 199,080 total
Footnotes (4)
- [F1]These shares of Common Stock were acquired upon a determination by the Company's Compensation Committee that the performance conditions had been met for the issuance of such shares pursuant to performance stock units ("PSUs") that were granted to the reporting person on September 16, 2024. The PSUs vest over a three-year period, with one-third of the PSUs eligible to vest each calendar year based on the achievement of performance goals for each of the calendar year periods ended December 31, 2025, 2026 and 2027 (each a "Performance Period"), subject to continued service through and including the first calendar day after the end of each such Performance Period. This amount represents the portion of the PSUs that vested following the first Performance Period, based upon the Company's achievement of the revenue and adjusted EBITDA performance goals for the year ended December 31, 2025.
- [F2]Includes 14,492 shares of Common Stock underlying RSUs granted to the reporting person on August 11, 2023 (the "August 2023 Grant Date"), 47,597 shares of Common Stock underlying RSUs granted to the reporting person on September 16, 2024 (the "September 2024 Grant Date"), and 77,255 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.
- [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.
- [F4]Represents shares of Common Stock withheld to cover the tax withholding obligations in connection with the settlement of the PSUs described in Footnote 1.
Signature
/s/ Bill Roeschlein, as attorney-in-fact|2026-03-19