ALON ZVI 4
4 · TIGO ENERGY, INC. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Tigo Energy (TYGO) 10% Owner Alon Zvi Exercises Options, Sells Shares
What Happened
- Alon Zvi, a reported 10% owner of Tigo Energy, exercised stock options and immediately sold shares in multiple open-market transactions from June 1–3, 2026. He exercised a total of 136,942 shares at $0.56 per share (total exercise cost ~$76,688) and sold 214,435 shares for aggregate gross proceeds of about $785,597 (weighted average sale prices ranged by day). Net, Zvi sold 77,493 more shares than he exercised during these transactions.
Key Details
- Transaction dates and prices:
- June 1, 2026: Exercised 42,167 shares @ $0.56 (acquired) and sold 42,167 @ $3.85 (proceeds $162,343; sales ranged $3.79–$3.92).
- June 2, 2026: Exercised 84,356 shares @ $0.56 and sold 84,356 @ $3.72 (proceeds $313,804; sales ranged $3.64–$3.83).
- June 3, 2026: Exercised 10,419 shares @ $0.56 and sold 87,912 shares total that day (10,419 @ $3.52 for $36,675 and 77,493 @ $3.52 for $272,775; sales ranged $3.45–$3.73 for the block).
- Aggregate figures: exercised 136,942 shares (exercise cost ~$76.7K); sold 214,435 shares for ~ $785.6K gross proceeds.
- Footnotes of note:
- F1/F7: The exercised option was fully vested (fully exercisable May 31, 2020) and was set to expire June 19, 2026.
- F2/F3: The filing discloses RSUs underlying a large number of shares granted across 2023–2025 (totaling 640,878 underlying RSUs across the three grants), with staged vesting schedules.
- F4–F6: Weighted-average sale prices noted; sales executed in multiple trades at the price ranges shown.
- Shares owned after transaction: not explicitly stated in the excerpt; net change in this filing = exercised 136,942 vs sold 214,435 (net −77,493 shares).
- Filing timeliness: Reported period June 1, 2026 and filed June 3, 2026 — appears timely (Form 4 is generally due within two business days).
Context
- This was essentially a cashless exercise: options were exercised and shares were sold shortly thereafter to cover exercise cost/obligations. That pattern is common for option expiration or tax-liability purposes and does not by itself indicate a view on the company’s prospects.
- As a 10% owner, Zvi is a significant shareholder (subject to Section 16 rules) but not necessarily a company officer; such transactions can reflect option expirations, vesting schedules, or liquidity needs rather than investment decisions.
Insider Transaction Report
Form 4
ALON ZVI
DirectorCEO / Chairperson10% Owner
Transactions
- Exercise/Conversion
Common Stock
[F2][F3]2026-06-01$0.56/sh+42,167$23,614→ 1,431,033 total - Sale
Common Stock
[F1][F4][F2][F3]2026-06-01$3.85/sh−42,167$162,343→ 1,388,866 total - Exercise/Conversion
Common Stock
[F2][F3]2026-06-02$0.56/sh+84,356$47,239→ 1,473,222 total - Sale
Common Stock
[F1][F5][F2][F3]2026-06-02$3.72/sh−84,356$313,804→ 1,388,866 total - Exercise/Conversion
Common Stock
[F2][F3]2026-06-03$0.56/sh+10,419$5,835→ 1,399,285 total - Sale
Common Stock
[F1][F6][F2][F3]2026-06-03$3.52/sh−10,419$36,675→ 1,388,866 total - Sale
Common Stock
[F6][F2][F3]2026-06-03$3.52/sh−77,493$272,775→ 1,311,373 total - Exercise/Conversion
Stock option (right to buy)
[F7]2026-06-01−42,167→ 94,775 totalExercise: $0.56Exp: 2026-06-19→ Common Stock, $0.0001 par value (42,167 underlying) - Exercise/Conversion
Stock option (right to buy)
[F7]2026-06-02−84,356→ 10,419 totalExercise: $0.56Exp: 2026-06-19→ Common Stock, $0.0001 par value (84,356 underlying) - Exercise/Conversion
Stock option (right to buy)
[F7]2026-06-03−10,419→ 0 totalExercise: $0.56Exp: 2026-06-19→ Common Stock, $0.0001 par value (10,419 underlying)
Holdings
- 1,774,826(indirect: By Trust)
Common Stock
- 12,689,306(indirect: By LLC)
Common Stock
Footnotes (7)
- [F1]Represents an exercise and sale by the reporting person of a stock option that was set to expire on June 19, 2026.
- [F2]Includes 57,971 shares of Common Stock underlying RSUs granted to the reporting person on August 11, 2023 (the "August 2023 Grant Date"), 222,220 shares of Common Stock underlying RSUs granted to the reporting person on September 16, 2024 (the "September 2024 Grant Date"), and 360,687 shares of Common Stock underlying RSU's granted to the reporting person on August 1, 2025 (the "August 2025 Grant Date") in each case, pursuant to the Issuer's 2023 Incentive Plan. One-Third (1/3) of the RSUs initially granted to the reporting person on August 11, 2023 vested and were delivered to the reporting person on August 11, 2024, the first anniversary of the August 2023 Grant Date, and one-third of the RSUs subject to the grant shall vest and be deliverable to the reporting person on each of the second and third anniversaries of the August 2023 Grant Date, 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 September 16, 2024 vested and were delivered to the reporting person on September 16, 2025, the first anniversary of the September 2024 Grant Date, and one-third of the RSUs subject to the grant shall vest, and an equal number of shares of Common Stock will be deliverable to the reporting person, on each of the second and third anniversaries of the September 2024 Grant Date, subject to continued service through each such vesting date. 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 the weighted average sale price. The shares were sold in multiple transactions at prices ranging from $3.79 to $3.92.
- [F5]Represents the weighted average sale price. The shares were sold in multiple transactions at prices ranging from $3.64 to $3.83.
- [F6]Represents the weighted average sale price. The shares were sold in multiple transactions at prices ranging from $3.45 to $3.73.
- [F7]The stock option was fully exercisable on May 31, 2020.
Signature
/s/ Bill Roeschlein, as attorney-in-fact|2026-06-03