Form 4: TYGO Chief Zvi Alon Receives RSU Grant, No Shares Sold

Rhea-AI Filing Summary

On 08/01/2025 Tigo Energy, Inc. (TYGO) filed a Form 4 reporting that CEO/Chairman and 10% owner Zvi Alon was awarded 360,687 shares of common stock at $0.00 per share through new restricted stock units (RSUs) granted under the 2023 Incentive Plan. The award vests in three equal annual installments on each of the first three anniversaries of the grant date, contingent on continued service.

After the grant, Alon’s holdings stand at 1,301,910 directly owned shares, plus 1,774,826 shares held via a revocable trust and 12,689,306 shares held by Alon Ventures, LLC—totaling roughly 15.77 million shares. No derivative transactions or sales were disclosed; the filing is coded “A,” indicating an equity award rather than an open-market purchase.

The transaction increases management’s long-term equity alignment without immediate cash outlay or market selling pressure, while adding a modest amount of future dilution tied to the RSU vesting schedule.

Positive

• Increased insider ownership: CEO now beneficially owns about 15.77 M shares, signalling confidence and alignment with shareholders.
• No share sales reported: eliminates immediate selling pressure and may be viewed positively by the market.

Negative

• Potential dilution: 360,687 new shares will enter the float as RSUs vest over the next three years.

Insights

Financial Analyst

TL;DR: CEO receives 360k RSUs, boosts total stake to ~15.8 M; no sales, neutral cash impact.

The award represents incentive-based compensation and signals Alon’s continuing commitment to TYGO. Because shares were issued at zero cost through the plan, there is no immediate cash flow effect. Future dilution is limited to 0.4% of the ~90 M share count assumed at SPAC close, but actual float impact depends on vesting. The lack of any dispositions removes near-term selling overhang. Overall, the filing is routine and likely neutral for valuation.

Corporate Governance Expert

TL;DR: Standard equity grant strengthens leadership alignment; dilution spread over three years.

Delivering RSUs with multi-year vesting ties Alon’s reward to sustained performance and retention, consistent with best-practice governance. Direct plus indirect holdings exceed 15 M shares, reinforcing a strong owner-operator profile. Investors should monitor subsequent vesting events and proxy disclosures to ensure award magnitude remains proportional to peer benchmarks.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ALON ZVI

(Last) (First) (Middle)

655 CAMPBELL TECHNOLOGY PKWY,

STE 150

(Street)

CAMPBELL CA 95008

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TIGO ENERGY, INC. [ TYGO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO / Chairperson

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/01/2025		A(1)		360,687	A	$0.00	1,301,910(2)(3)	D
Common Stock								1,774,826	I	By Revocable Trust
Common Stock								12,689,306	I	By Alon Ventures, LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of common stock, par value $0.0001 per share ("Common Stock"), underlying restricted stock units ("RSUs") 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 the August 2025 Grant Date, subject to continued service through each such vesting date.

2. Includes 115,942 shares of Common Stock underlying RSUs granted to the reporting person on August 11, 2023 (the "August 2023 Grant Date") and 333,330 shares of Common Stock underlying RSUs granted to the reporting person on September 16, 2024 (the "September 2024 Grant Date"), in each case, pursuant to the Issuer's 2023 Incentive Plan.

3. (Continued from Footnote 2) 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. One-Third (1/3) of the RSUs granted to the reporting person on September 16, 2024 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 September 2024 Grant Date, subject to continued service through each such vesting date.

	/s/ Bill Roeschlein, as attorney-in-fact	08/05/2025
	** Signature of Reporting Person	Date
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FAQ

How many TYGO shares did CEO Zvi Alon acquire on August 1 2025?

360,687 shares of common stock through a restricted stock unit grant.

What is the vesting schedule for the new RSUs?

One-third of the RSUs vest on each of the first three anniversaries of 08/01/2025, subject to continued service.

What is Zvi Alon’s total beneficial ownership after the transaction?

Approx. 15.77 million shares (1.30 M direct, 1.77 M revocable trust, 12.69 M Alon Ventures, LLC).

Were any TYGO shares sold in this Form 4?

No. The filing reports an award (Code “A”); no dispositions were disclosed.

At what price were the RSU shares granted?

The RSUs were issued at $0.00 per share as part of equity compensation.