Tian Jing 4

What Happened Tian Jing, Chief Growth Officer of TIGO Energy, received 35,057 shares of Common Stock on March 17, 2026 upon vesting of performance stock units (PSUs) granted in September 2024 (code A, acquired at $0.00). To cover tax withholding related to that settlement (code F), 18,574 shares were surrendered/withheld at an indicated value of $4.14 per share, totaling $76,896 (disposed).

Key Details

• Transaction dates: March 17, 2026 (reported on Form 4 filed March 19, 2026). Filing appears timely (filed two days after the transaction).
• Award: 35,057 shares acquired at $0.00 (PSU settlement).
• Tax withholding: 18,574 shares disposed/withheld at $4.14 = $76,896.
• Shares owned after transaction: Not specified in the provided filing summary.
• Relevant footnotes:
  • F1: The 35,057 shares vested because the company met revenue and adjusted EBITDA goals for the 2025 performance period (PSUs granted Sept 16, 2024; vesting subject to continued service).
  • F4: The 18,574 shares were withheld specifically to satisfy tax withholding obligations on the PSU settlement.
  • F2/F3: The filing also references outstanding RSU grants from Aug 11, 2023; Sept 16, 2024; and Aug 1, 2025 with standard multi-year vesting schedules.
• Transaction codes: A = Award/Grant; F = Tax withholding.

Context This was not an open-market sale; it was a performance-based equity award that vested after achievement of 2025 goals, with a portion of the vested shares withheld to cover taxes (a routine, non-bullish/-bearish administrative action). For retail investors, purchases or awards can signal alignment with company performance targets, while share-withholding for taxes is common and does not indicate an intent to liquidate holdings.