ALON ZVI 4

What Happened

Alon Zvi (reported as a 10% owner) received 163,953 shares of Tigo Energy common stock on 2026-03-17 upon vesting of performance stock units (PSUs). These shares were issued at $0.00 per share as an award. To satisfy tax withholding obligations, 84,349 of those shares were withheld/disposed at $4.14 per share, yielding $349,205.

Key Details

• Transaction dates: March 17, 2026 (award and tax-withholding disposition); Form 4 filed March 19, 2026 (timely within the two‑business‑day rule).
• Award: 163,953 shares issued (code A; acquired at $0.00).
• Withholding/disposition: 84,349 shares withheld to cover taxes (code F) at $4.14/share for $349,205.
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes:
  • The 163,953 shares represent the portion of PSUs granted Sept 16, 2024 that vested after the Company met revenue and adjusted EBITDA targets for the 2025 performance period (vesting schedule: one-third per year through 2027).
  • Filing also lists previously granted RSUs (57,971; 222,220; 360,687) with standard one‑third annual vesting schedules.
  • The 84,349-share disposal was to satisfy tax withholding (footnote F4), not an open‑market sale.

Context

• This was a vesting/award event (PSUs converting to common stock), not a purchase or a discretionary sale — the reported disposal was a tax-withholding action, common in equity compensation settlements.
• As a 10% owner, Zvi’s transactions are Section 16 reportable; the filing appears timely (filed two days after the transaction).