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Firefly Aerospace (FLY) director reports 3,630 RSU award and updated holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Firefly Aerospace Inc. director Ryan Michael Boland reported an equity award and his updated share holdings. He received a grant of 3,630 restricted stock units (RSUs) under the Firefly Aerospace Inc. 2025 Omnibus Incentive Plan at no cash cost. These RSUs vest on June 4, 2027, subject to his continued service, and each RSU represents one share of common stock. Following the grant, he holds 6,964 shares of common stock directly. He also has indirect beneficial ownership of 123,878 shares through Mars Technology Holdings LLC, over which he exercises voting and dispositive control, and 40,821 shares through the Ryan M. Boland Revocable Trust, where he serves as trustee.

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Insider Boland Ryan Michael
Role null
Type Security Shares Price Value
Grant/Award Common Stock 3,630 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 6,964 shares (Direct, null); Common Stock — 40,821 shares (Indirect, See footnote)
Footnotes (1)
  1. Represents restricted stock units ("RSUs") granted under the Firefly Aerospace Inc. 2025 Omnibus Incentive Plan. The RSUs vest on June 4, 2027, subject to the reporting person's continued service to the Issuer through the vesting date. A portion of these securities are RSUs. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The reporting person exercises voting and dispositive control over the shares of common stock held by Mars Technology Holdings LLC. These shares are held directly by the Ryan M. Boland Revocable Trust for which the reporting person serves as trustee. The reporting person may be deemed to have beneficial ownership of the shares held by the trust. Includes 1,018 shares received upon a pro rata distribution exempt from reporting under Section 16a-9.
RSU grant size 3,630 RSUs Restricted stock units granted under 2025 Omnibus Incentive Plan
RSU vesting date June 4, 2027 Vesting of 3,630 RSUs subject to continued service
Direct holdings after grant 6,964 shares Common stock directly held by Ryan Boland following RSU award
Indirect holdings via LLC 123,878 shares Common stock held by Mars Technology Holdings LLC
Indirect holdings via trust 40,821 shares Common stock held by the Ryan M. Boland Revocable Trust
RSU grant price $0.0000 per share RSUs granted at no cash purchase price
Pro rata distribution shares included 1,018 shares Shares received via pro rata distribution exempt under Section 16a-9
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted under the Firefly Aerospace Inc. 2025 Omnibus Incentive Plan."
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.
2025 Omnibus Incentive Plan financial
"Represents restricted stock units ("RSUs") granted under the Firefly Aerospace Inc. 2025 Omnibus Incentive Plan."
An omnibus incentive plan is a company-wide program that authorizes awards of pay tied to performance and retention—such as stock options, restricted shares, cash bonuses and other rewards—here labeled for the year it was adopted (2025). Investors care because it affects how much ownership can be issued, dilutes existing shareholders, and aligns executives’ and employees’ incentives with company goals, similar to giving team members a stake in the outcome.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock."
pro rata distribution financial
"Includes 1,018 shares received upon a pro rata distribution exempt from reporting under Section 16a-9."
A pro rata distribution is when a company or organization shares out money, assets, or benefits evenly among all eligible people based on their size or share. For example, if a company makes a profit and distributes it to shareholders, each person gets a portion proportional to how many shares they own. It ensures everyone gets their fair part based on their ownership or stake.
Section 16a-9 regulatory
"Includes 1,018 shares received upon a pro rata distribution exempt from reporting under Section 16a-9."
revocable trust financial
"These shares are held directly by the Ryan M. Boland Revocable Trust for which the reporting person serves as trustee."
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.
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SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Boland Ryan Michael

(Last)(First)(Middle)
C/O FIREFLY AEROSPACE INC.
2203 SCOTTSDALE DRIVE

(Street)
LEANDER TEXAS 78641

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Firefly Aerospace Inc. [ FLY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/04/2026A3,630(1)A$06,964(2)D
Common Stock40,821ISee footnote(3)
Common Stock123,878ISee footnote(4)(5)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents restricted stock units ("RSUs") granted under the Firefly Aerospace Inc. 2025 Omnibus Incentive Plan. The RSUs vest on June 4, 2027, subject to the reporting person's continued service to the Issuer through the vesting date.
2. A portion of these securities are RSUs. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
3. The reporting person exercises voting and dispositive control over the shares of common stock held by Mars Technology Holdings LLC.
4. These shares are held directly by the Ryan M. Boland Revocable Trust for which the reporting person serves as trustee. The reporting person may be deemed to have beneficial ownership of the shares held by the trust.
5. Includes 1,018 shares received upon a pro rata distribution exempt from reporting under Section 16a-9.
/s/ David Wheeler, Attorney-in-fact06/08/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Firefly Aerospace (FLY) director Ryan Boland report on this Form 4?

Ryan Boland reported receiving a 3,630‑share RSU grant and updated his direct and indirect ownership. After the grant, he directly owns 6,964 shares and holds additional shares indirectly through an LLC and a revocable trust.

How many RSUs did Ryan Boland receive from Firefly Aerospace (FLY) and when do they vest?

Ryan Boland received 3,630 restricted stock units (RSUs) under Firefly Aerospace’s 2025 Omnibus Incentive Plan. These RSUs vest on June 4, 2027, provided he continues to serve the company through that vesting date.

What is Ryan Boland’s direct share ownership in Firefly Aerospace (FLY) after this filing?

After the reported RSU grant, Ryan Boland’s direct ownership is 6,964 shares of common stock. This figure includes shares underlying his new RSUs, which convert into common stock as they vest according to the plan’s terms.

How many Firefly Aerospace (FLY) shares does Ryan Boland own indirectly?

Ryan Boland has indirect beneficial ownership of 123,878 shares held by Mars Technology Holdings LLC and 40,821 shares held by the Ryan M. Boland Revocable Trust, where he has voting or trustee authority according to the footnotes.

What does each RSU granted to Ryan Boland by Firefly Aerospace (FLY) represent?

Each restricted stock unit (RSU) granted to Ryan Boland represents a contingent right to receive one share of Firefly Aerospace common stock. The RSUs convert into shares as they vest, contingent on his continued service to the company.

Were there any open‑market share purchases or sales by Ryan Boland in this Firefly Aerospace (FLY) Form 4?

The Form 4 shows a grant of 3,630 RSUs and holding‑type entries, but does not report any open‑market purchase or sale transactions. The primary event is a compensation‑related equity award, not a market trade.