Zvi Alon - Apr 16, 2025 Form 4 Insider Report for TIGO ENERGY, INC. (TYGO)

Role: CEO / Chairperson, Director, 10%+ Owner
Signature: /s/ Bill Roeschlein, as attorney-in-fact
Stock symbol: TYGO
Transactions as of: Apr 16, 2025
Transactions value $: $61,187
Form type: 4
Date filed: 4/17/2025, 04:22 PM
Previous filing: Dec 23, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TYGO	Common Stock	Options Exercise	$61.2K	+102K	+12.15%	$0.60	941K	Apr 16, 2025	Direct	F1, F2, F3
holding	TYGO	Common Stock						1.77M	Apr 16, 2025	By Revocable Trust
holding	TYGO	Common Stock						12.7M	Apr 16, 2025	By Alon Ventures, LLC

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TYGO	Stock Option (right to buy)	Options Exercise	$0	-102K	-100%	$0.00	0	Apr 16, 2025	Common Stock	102K	$0.60	Direct	F1, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a buy and hold exercise by the reporting person of a stock option that was set to expire on May 12, 2025.
F2	Includes 115,942 shares of common stock, par value $0.0001 per share ("Common Stock"), underlying restricted stock units ("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.
F3	(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.
F4	The stock options are immediately exercisable.
F5	Due to an administrative error, the correct number of derivative securities beneficially owned by the reporting person reflects an increase in the number of shares reported by 7 shares.