Tigo Energy (TYGO) CEO withholds 61,173 shares to pay RSU taxes
Rhea-AI Filing Summary
Tigo Energy CEO and Chairperson Zvi Alon reported a Form 4 reflecting a tax-withholding disposition, where 61,173 shares of common stock were withheld by the issuer at $1.91 per share on 2026-08-03 to satisfy tax obligations from vesting RSUs under Rule 16b-3(e). Following this, Alon directly holds 1,177,693 Tigo Energy shares, with additional indirect ownership of 1,774,826 shares through a revocable trust and 12,689,306 shares through Alon Ventures, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 61,173 shares
Net Sell
3 txns
Insider
ALON ZVI
Role
CEO / Chairperson
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2, F3 | 61,173 | $1.91 | $117K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,177,693 shares (Direct);
Common Stock — 1,774,826 shares (Indirect, By Revocable Trust);
Common Stock — 12,689,306 shares (Indirect, By Alon Ventures, LLC)
Footnotes (3)
- F1. Represents shares of common stock, par value $0.0001 per share ("Common Stock") withheld in an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations of the reporting person arising out of the vesting of previously reported restricted stock units ("RSUs").
- 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 240,458 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 an equal number of shares of Common Stock were delivered to the reporting person on August 11, 2024 and August 11, 2025 and one-third of the RSUs subject to the grant shall vest and be deliverable to the reporting person on the third anniversary 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 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 vested and an equal number of shares of Common Stock were delivered to the reporting person on August 1, 2025, 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 August 2025 Grant Date, subject to continued service through each such vesting date.
Key Figures
Shares withheld for taxes: 61,173 shares
Withholding price per share: $1.91 per share
Direct holdings after transaction: 1,177,693 shares
+5 more
8 metrics
Shares withheld for taxes
61,173 shares
Common stock withheld on 2026-08-03 to satisfy tax obligations from vesting RSUs
Withholding price per share
$1.91 per share
Value used for the tax-withholding disposition of 61,173 shares
Direct holdings after transaction
1,177,693 shares
Common stock directly owned by Zvi Alon following the 2026-08-03 withholding
Indirect holdings via revocable trust
1,774,826 shares
Common stock indirectly owned by Zvi Alon through a revocable trust
Indirect holdings via Alon Ventures, LLC
12,689,306 shares
Common stock indirectly owned by Zvi Alon through Alon Ventures, LLC
RSUs from August 2023 grant
57,971 shares
Shares of common stock underlying RSUs granted on August 11, 2023
RSUs from September 2024 grant
222,220 shares
Shares of common stock underlying RSUs granted on September 16, 2024
RSUs from August 2025 grant
240,458 shares
Shares of common stock underlying RSUs granted on August 1, 2025
Key Terms
Rule 16b-3(e), restricted stock units, revocable trust, 2023 Incentive Plan
4 terms
Rule 16b-3(e) regulatory
"withheld in an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax"
restricted stock units financial
"tax withholding obligations of the reporting person arising out of the vesting of previously reported restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
revocable trust financial
"total_shares_following_transaction 1,774,826 marked as indirect, nature of ownership By Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
2023 Incentive Plan financial
"in each case, pursuant to the Issuer's 2023 Incentive Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Tigo Energy (TYGO) report for CEO Zvi Alon?
Tigo Energy reported that 61,173 shares of common stock were withheld at $1.91 per share to satisfy Zvi Alon’s tax obligations from vested RSUs, characterized as an exempt disposition under Rule 16b-3(e), not an open-market sale.
Was the Tigo Energy (TYGO) Form 4 transaction executed under a Rule 10b5-1 trading plan?
The filing’s 10b5-1 checkbox is not checked, and the transaction is instead described as shares withheld under Rule 16b-3(e) to cover tax withholding from RSU vesting, indicating it was not reported as a Rule 10b5-1 plan trade.
What RSU grants for Tigo Energy (TYGO) are referenced in Zvi Alon’s Form 4?
The Form 4 references RSUs covering 57,971 shares (August 11, 2023 grant), 222,220 shares (September 16, 2024 grant), and 240,458 shares (August 1, 2025 grant), each under the 2023 Incentive Plan with one-third vesting annually over three years.
Does this Tigo Energy (TYGO) Form 4 indicate an open-market sale by Zvi Alon?
The transaction is coded F and described as shares withheld in an exempt disposition to the issuer under Rule 16b-3(e) to satisfy tax withholding on vested RSUs, rather than an open-market sale of shares.
How is Zvi Alon’s indirect ownership in Tigo Energy (TYGO) structured?
Zvi Alon’s indirect holdings include 1,774,826 Tigo Energy shares held by a revocable trust and 12,689,306 shares held by Alon Ventures, LLC, as disclosed in the Form 4’s indirect ownership entries.