Chang Yahui 4
4 · TIGO ENERGY, INC. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
TIGO ENERGY COO Chang Yahui Receives 17,461-Share Award
What Happened Chang Yahui, Chief Operating Officer of TIGO ENERGY, INC. (TYGO), received 17,461 shares on March 17, 2026 following the vesting of performance stock units (PSUs). To satisfy tax withholding, 9,461 of those shares were surrendered at $4.14 per share (totaling $39,169). The PSUs were awarded at no cash cost to the insider; after withholding, the reporting person retained a net 8,000 shares.
Key Details
- Transaction dates: shares issued/vested on 2026-03-17; Form 4 filed 2026-03-19.
- Award (code A): 17,461 shares acquired at $0.00 (PSU vesting).
- Tax withholding (code F): 9,461 shares disposed/withheld at $4.14 each for $39,169.
- Net shares retained from this vesting: 8,000 (17,461 − 9,461).
- Shares owned after transaction: not specified in this filing.
- Footnotes: Vesting resulted from the Compensation Committee determining performance goals were met for the 2025 performance period (revenue and adjusted EBITDA). The filing also notes outstanding RSUs from 2024 and 2025 grants that vest over future anniversaries.
- Filing status: report filed two days after the transaction (filed 2026-03-19 reporting 2026-03-17); no late-filing allegation indicated in the filing itself.
Context This was not an open-market purchase or voluntary sale but the settlement of performance-based equity (PSUs) that vested after the company met 2025 targets. The tax withholding (code F) is routine: companies often withhold or sell a portion of vested shares to cover withholding taxes. For retail investors, awards and routine tax withholdings convey that compensation-based equity was issued, but they do not by themselves indicate insider buying or selling intentions in the market.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-03-17+17,461→ 222,455 total - Tax Payment
Common Stock
[F4][F2][F3]2026-03-17$4.14/sh−9,461$39,169→ 212,944 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 96,000 shares of Common Stock underlying restricted stock units ("RSUs") granted to the reporting person on November 11, 2024 (the "Grant Date") and 78,149 shares of Common Stock underlying RSU's granted to the reporting person on August 1, 2025 (the "August 2025 Grant Date") pursuant to the Issuer's 2023 Incentive Plan. One-Third (1/3) of the RSUs 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 October 7, 2024, 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 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.