Firefly Aerospace (FLY) counsel sells 3,765 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Firefly Aerospace Inc.'s General Counsel, David Leigh Wheeler, reported an exercise-and-sale transaction in company stock. He exercised employee stock options to acquire 3,765 shares of common stock at an exercise price of $2.3106 per share and sold 3,765 shares in open-market transactions at a weighted average price of $45.1221 per share.
Following these transactions, he directly holds 142,758 shares of common stock and 295,992 employee stock options. The filing notes that all option shares were fully vested and that the trades were carried out under a pre-arranged Rule 10b5-1 Plan adopted on December 5, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,765 shares ($169,885)
Net Sell
3 txns
Insider
Wheeler David Leigh
Role
General Counsel
Sold
3,765 shs ($170K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 3,765 | $0.00 | -- |
| Exercise | Common Stock | 3,765 | $2.3106 | $9K |
| Sale | Common Stock | 3,765 | $45.1221 | $170K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 295,992 shares (Direct, null);
Common Stock — 146,523 shares (Direct, null)
Footnotes (1)
- 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. Represents a weighted average sale price of $45.1221 per share (with individual transaction prices ranging from $45.00 to $45.35 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. 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. All of the shares subject to the option are fully vested and exercisable as of the date hereof.
Key Figures
Shares sold: 3,765 shares
Sale price: $45.1221 per share
Option exercise size: 3,765 shares
+3 more
6 metrics
Shares sold
3,765 shares
Common stock open-market sale on May 18, 2026
Sale price
$45.1221 per share
Weighted average sale price for 3,765 shares
Option exercise size
3,765 shares
Employee stock option exercise into common stock
Option exercise price
$2.3106 per share
Employee stock option exercise price
Shares held after
142,758 shares
Direct common stock ownership after transactions
Options remaining
295,992 options
Employee stock options held after the exercise
Key Terms
Rule 10b5-1 Plan, Restricted Stock Units ("RSUs"), Employee Stock Option (right to buy), open-market sale
4 terms
Rule 10b5-1 Plan regulatory
"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."
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 to receive one share of the Issuer's common stock."
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.
Employee Stock Option (right to buy) financial
"Employee Stock Option (right to buy) ... All of the shares subject to the option are fully vested and exercisable as of the date hereof."
open-market sale financial
"transaction_action": "open-market sale""
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 Firefly Aerospace (FLY) report for its General Counsel?
Firefly Aerospace’s General Counsel exercised options for 3,765 common shares and sold 3,765 shares in open-market trades. The sale and exercise occurred on the same date, forming a typical exercise-and-sell pattern rather than a new open-market share purchase.
Were the Firefly Aerospace (FLY) insider trades made under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected under a Rule 10b5-1 Plan adopted on December 5, 2025. Such pre-arranged trading plans schedule transactions in advance, which can make the timing less indicative of the insider’s short-term market views.
What type of securities were involved in the Firefly Aerospace (FLY) Form 4?
The Form 4 involves Firefly Aerospace common stock and employee stock options. Options to buy 3,765 shares at $2.3106 per share were exercised into common stock, and 3,765 common shares were then sold in open-market transactions at a higher weighted average sale price.