Firefly Aerospace (FLY) director receives 3,334 RSUs and updates holdings

Rhea-AI Filing Summary

Firefly Aerospace Inc. director Ryan Michael Boland reported an equity award and updated share holdings. He received a grant of 3,334 restricted stock units under the Firefly Aerospace Inc. 2025 Omnibus Incentive Plan. These RSUs vest on August 8, 2026, if he continues serving the company through that date.

Following this grant, he directly holds 3,334 shares tied to the RSUs and has indirect interests in common stock held by three entities: Ares Technology I LLC with 539,142 shares, Mars Technology Holdings LLC with 729,569 shares, and Lunar Technology I LLC with 1,601,440 shares. He exercises voting and dispositive control over these entities but, along with them, disclaims beneficial ownership of the indirectly reported shares except to the extent of any pecuniary interest.

SEC Form 4

FORM 4

UNITED 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

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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.

1320 ARROW POINT DRIVE #109

(Street)

CEDAR PARK TX 78613

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Firefly Aerospace Inc. [ FLY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/25/2026		A		3,334(1)	A	$0	3,334	D
Common Stock								539,142	I	See footnotes(2)(5)
Common Stock								729,569	I	See footnotes(3)(5)
Common Stock								1,601,440	I	See footnotes(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 August 8, 2026, subject to the reporting person's continued service to the Issuer through the vesting date.

2. Consists of shares of common stock held by Ares Technology I LLC over which the reporting person exercises voting and dispositive control.

3. Consists of shares of common stock held by Mars Technology Holdings LLC over which the reporting person exercises voting and dispositive control.

4. Consists of shares of common stock held by Lunar Technology I LLC over which the reporting person exercises voting and dispositive control.

5. Each of the foregoing entities and the reporting person disclaims beneficial ownership of the shares reported as indirectly owned by the reporting person herein, except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.

	/s/ David Wheeler, Attorney-in-fact	02/27/2026
	** Signature of Reporting Person	Date
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.

FAQ

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

Ryan Michael Boland reported an equity award and updated share holdings. He received 3,334 restricted stock units and disclosed indirect interests in common shares held through three LLCs over which he exercises voting and dispositive control, subject to beneficial ownership disclaimers.

How many restricted stock units did Ryan Michael Boland receive from Firefly Aerospace (FLY)?

He received 3,334 restricted stock units. These RSUs were granted under the Firefly Aerospace Inc. 2025 Omnibus Incentive Plan and represent the right to receive common stock if vesting conditions, including continued service through the vesting date, are satisfied.

When do Ryan Michael Boland’s Firefly Aerospace (FLY) RSUs vest?

The 3,334 restricted stock units vest on August 8, 2026. Vesting is conditioned on Boland’s continued service to Firefly Aerospace Inc. through that date, meaning he must remain in his role for the award to fully convert into common shares.

What indirect Firefly Aerospace (FLY) holdings are associated with Ryan Michael Boland?

Indirect holdings consist of common shares held by Ares Technology I LLC, Mars Technology Holdings LLC, and Lunar Technology I LLC. Boland exercises voting and dispositive control over these entities, which together hold several hundred thousand shares reported as indirectly owned.

Does Ryan Michael Boland claim full beneficial ownership of the indirect Firefly Aerospace (FLY) shares?

No. Each entity and Boland disclaim beneficial ownership of the indirectly reported shares, except to the extent of their pecuniary interest. This means they acknowledge only the economic interest portion, not full beneficial ownership for Section 16 or other legal purposes.

What is the Firefly Aerospace Inc. 2025 Omnibus Incentive Plan mentioned in Boland’s Form 4?

It is the equity compensation plan under which Boland’s 3,334 RSUs were granted. Such omnibus plans typically allow companies to issue restricted stock units and other awards to directors, executives, and employees as part of long-term incentive compensation programs.