Dillon James JD 4

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).