Firefly Aerospace (FLY) General Counsel exercises options and sells 3,766 shares
Rhea-AI Filing Summary
Firefly Aerospace Inc. General Counsel David Leigh Wheeler reported an exercise-and-sell transaction in company common stock. He exercised options to acquire 3,766 shares at $2.3106 per share and on the same day sold 3,766 shares in open-market trades at a weighted average price of $45.0366 per share, with individual sale prices between $45.00 and $45.06. Following these transactions, he directly owns 142,758 shares of common stock, a portion of which are Restricted Stock Units, and holds 299,757 employee stock options that are fully vested and exercisable. The filing states that the transactions were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on December 5, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 3,766 shares ($161K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Wheeler David Leigh
Role
General Counsel
Sold
3,766 shs ($170K)
Approx. gross sale proceeds
$170K
Approx. exercise cost
$9K
Approx. pre-tax spread
$161K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 3,766 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,766 | $2.3106 | $9K |
| Sale | Common Stock | 3,766 | $45.0366 | $170K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 299,757 shares (Direct);
Common Stock — 142,758 shares (Direct)
Footnotes (4)
- F1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on December 5, 2025.
- F2. Represents a weighted average sale price with individual transaction prices ranging from $45.00 to $45.06 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. A portion of these securities are Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F4. All of the shares subject to the option are fully vested and exercisable as of the date hereof.
Key Figures
Shares sold: 3,766 shares
Sale price (weighted average): $45.0366 per share
Shares acquired via option exercise: 3,766 shares
+5 more
8 metrics
Shares sold
3,766 shares
Common stock open-market sale on April 17, 2026
Sale price (weighted average)
$45.0366 per share
Weighted average sale price; individual trades $45.00–$45.06
Shares acquired via option exercise
3,766 shares
Common stock acquired by option exercise on April 17, 2026
Option exercise price
$2.3106 per share
Exercise price for employee stock option
Shares owned after transactions
142,758 shares
Direct common stock holdings following reported trades
Options remaining
299,757 options
Employee stock options outstanding after the exercise
Option expiration date
May 5, 2035
Expiration date of the employee stock option
Sale price range
$45.00–$45.06 per share
Range of individual sale prices in the open-market trades
Key Terms
Rule 10b5-1 Plan, Restricted Stock Units ("RSUs"), weighted average sale price, Employee Stock Option (right to buy), +1 more
5 terms
Rule 10b5-1 Plan regulatory
"The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted..."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
Restricted Stock Units ("RSUs") financial
"A portion of these securities are Restricted Stock Units ("RSUs"). Each RSU represents a contingent right..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
weighted average sale price financial
"Represents a weighted average sale price with individual transaction prices ranging from $45.00 to $45.06..."
Employee Stock Option (right to buy) financial
"security_title": "Employee Stock Option (right to buy)""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Firefly Aerospace (FLY) General Counsel David Leigh Wheeler report in this Form 4?
He reported an exercise-and-sell transaction involving 3,766 shares of common stock. He exercised options to acquire 3,766 shares at $2.3106 per share and sold 3,766 shares in open-market trades at a weighted average price of $45.0366 per share.
Were David Leigh Wheeler’s Firefly Aerospace (FLY) stock transactions pre-planned?
Yes. The filing states that the transactions were effected under a Rule 10b5-1 Plan adopted on December 5, 2025. Such plans allow insiders to schedule trades in advance, which can reduce the significance of the trade’s timing as a market signal.
What stock options does David Leigh Wheeler retain in Firefly Aerospace (FLY)?
He retains 299,757 employee stock options after the reported exercise. A footnote notes that all shares subject to this option are fully vested and exercisable, and the option has an expiration date of May 5, 2035, defining its remaining life.
What is the exercise price of David Leigh Wheeler’s Firefly Aerospace (FLY) option used in this Form 4?
The option exercised covers 3,766 underlying shares of common stock at an exercise price of $2.3106 per share. These options are described as fully vested and exercisable as of the transaction date, according to a footnote in the filing.