ALON ZVI 4

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.