Manor Sagit 4

What Happened

• Manor Sagit, a director of Tigo Energy, sold 63,500 shares of common stock on June 15, 2026. The shares were sold at a weighted average price of $2.85 for total proceeds of $180,975. The sale was made solely to satisfy tax withholding obligations upon the vesting of a restricted stock unit (RSU) award.

Key Details

• Transaction date: 2026-06-15
• Transaction type/code: Sale (S); sale to satisfy tax withholding (see footnote F1 / code F)
• Price: weighted average $2.85; actual sale prices ranged from $2.80 to $2.88 (footnote F2)
• Shares sold: 63,500; proceeds: $180,975
• Shares owned after transaction: not specified in the provided excerpt of the filing
• Notable footnotes:
  • F1: Sale was solely to cover tax withholding on RSU vesting (RSU grant dated May 20, 2025).
  • F2: Weighted average price shown; seller can provide breakdown of number of shares sold at each price within the stated range upon request.
  • F3: The filing also notes 33,068 RSUs granted May 20, 2026 that will vest in full and be deliverable immediately prior to the 2027 annual meeting, subject to continued service.
• Filing timeliness: Reported on 2026-06-15 for the same date of transaction (appears timely)

Context

• This was a "sell-to-cover" following RSU vesting (common practice where vested shares are sold to pay tax withholding). Such sales typically reflect tax obligations rather than an independent bearish view by the insider.
• If you track insider activity for signals, purchases generally carry more weight than routine sell-to-cover transactions like this one.