Tigo Energy (NASDAQ: TYGO) CEO Zvi Alon sells 72,057 shares, retains over 15M
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tigo Energy, Inc. director and CEO Zvi Alon reported an open-market sale of 72,057 shares of Common Stock at a weighted average price of $3.42 per share. The sale on June 4, 2026 was executed in multiple trades between $3.37 and $3.50 per share.
Following this sale, he directly holds 1,239,316 common shares. In addition, 12,689,306 shares are held indirectly through Alon Ventures, LLC and 1,774,826 shares are held indirectly through a revocable trust. His direct holdings include restricted stock units (RSUs) granted under the company’s 2023 Incentive Plan that vest in thirds on specified anniversaries through future years, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 72,057 shares ($246,435)
Net Sell
3 txns
Insider
ALON ZVI
Role
CEO / Chairperson
Sold
72,057 shs ($246K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 72,057 | $3.42 | $246K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,239,316 shares (Direct, null);
Common Stock — 1,774,826 shares (Indirect, By Revocable Trust)
Footnotes (1)
- Represents the weighted average sale price. The shares were sold in multiple transactions at prices ranging from $3.37 to $3.50. 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. (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.
Key Figures
Shares sold: 72,057 shares
Weighted average sale price: $3.42 per share
Direct holdings after sale: 1,239,316 shares
+5 more
8 metrics
Shares sold
72,057 shares
Open-market sale of Common Stock on June 4, 2026
Weighted average sale price
$3.42 per share
Common Stock sale, trades from $3.37 to $3.50
Direct holdings after sale
1,239,316 shares
Common Stock held directly following reported transaction
Indirect holdings via Alon Ventures, LLC
12,689,306 shares
Common Stock held indirectly
Indirect holdings via revocable trust
1,774,826 shares
Common Stock held indirectly
RSUs Aug 11, 2023 grant
57,971 RSUs
Vest in three annual installments from August 11, 2024
RSUs Sep 16, 2024 grant
222,220 RSUs
Vest in three annual installments from September 16, 2025
RSUs Aug 1, 2025 grant
360,687 RSUs
Vest in three annual installments from August 1, 2026
Key Terms
weighted average sale price, RSUs, 2023 Incentive Plan, Revocable Trust, +1 more
5 terms
weighted average sale price financial
"Represents the weighted average sale price. The shares were sold in multiple transactions..."
RSUs financial
"Includes 57,971 shares of Common Stock underlying RSUs granted to the reporting person..."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
2023 Incentive Plan financial
"In each case, pursuant to the Issuer's 2023 Incentive Plan."
Revocable Trust financial
"total_shares_following_transaction 1,774,826, 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.
open-market sale financial
"transaction_action: open-market sale, transaction_code_description: Sale in open market..."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did Tigo Energy (TYGO) report for Zvi Alon?
Tigo Energy reported that CEO and director Zvi Alon sold 72,057 shares of Common Stock in an open-market transaction. The weighted average sale price was $3.42 per share, with trades ranging from $3.37 to $3.50 on June 4, 2026.
Are any of Zvi Alon’s Tigo Energy (TYGO) holdings in RSUs?
Yes. His reported holdings include RSUs granted on August 11, 2023, September 16, 2024, and August 1, 2025. Each grant vests in three equal annual installments on the respective grant-date anniversaries, subject to his continued service with the company.
What role does Zvi Alon hold at Tigo Energy (TYGO) in this Form 4?
Zvi Alon is identified as CEO, Chairperson, director, and a more than ten percent owner of Tigo Energy. The Form 4 reflects his direct and indirect ownership positions and the reported sale of Common Stock on June 4, 2026.