Firefly Aerospace (FLY) director shifts stake to revocable trust
Rhea-AI Filing Summary
Firefly Aerospace Inc. (FLY) reported insider activity by director Ryan Michael Boland involving entity and trust restructuring rather than open-market trades. On 2026-08-14, 40,821 shares of common stock were disposed of indirectly in connection with a pro rata distribution by Mars Technology Holdings LLC to its limited partners. On the same date, 3,193 shares were acquired indirectly by the Ryan M. Boland Revocable Trust, for which Boland serves as trustee and may be deemed to have beneficial ownership. Following these changes, Boland also holds 6,964 shares of common stock directly, a portion of which are restricted stock units representing contingent rights to receive shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 37,628 shares
Net Sell
3 txns
Insider
Boland Ryan Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1, F2 | 40,821 | -- | -- |
| Other | Common Stock F1, F3, F4 | 3,193 | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 127,156 shares (Indirect, See footnote);
Common Stock — 6,964 shares (Direct)
Footnotes (5)
- F1. Represents shares of common stock distributed by Mars Technology Holdings LLC ("Mars") on a pro rata basis to its limited partners, including 3,193 shares to the Ryan M. Boland Revocable Trust.
- F2. The reporting person exercised voting and dispositive control over the shares of common stock previously held by Mars.
- F3. Includes 85 shares received in a pro rata distribution exempt from reporting under Rule 16a-9.
- F4. 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.
- F5. 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.
Key Figures
Shares disposed via Mars pro rata distribution: 40,821 shares
Shares received by revocable trust: 3,193 shares
Prior exempt pro rata distribution to trust: 85 shares
+2 more
5 metrics
Shares disposed via Mars pro rata distribution
40,821 shares
Common stock distributed by Mars Technology Holdings LLC to its limited partners on 2026-08-14
Shares received by revocable trust
3,193 shares
Common stock received by the Ryan M. Boland Revocable Trust in the same pro rata distribution
Prior exempt pro rata distribution to trust
85 shares
Included within the 3,193 shares, exempt from reporting under Rule 16a-9
Direct holdings after transaction
6,964 shares
Common stock directly held by Ryan Michael Boland following the reported transactions
Restructuring-related share movements
44,014 shares
Total shares involved in code J restructuring transactions on 2026-08-14
Key Terms
pro rata distribution, restricted stock units ("RSUs"), beneficial ownership, voting and dispositive control
4 terms
pro rata distribution financial
"Represents shares of common stock distributed by Mars Technology Holdings LLC on a pro rata basis"
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.
restricted stock units ("RSUs") financial
"A portion of these securities are restricted stock units ("RSUs"). Each RSU represents"
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.
beneficial ownership financial
"The reporting person may be deemed to have beneficial ownership of the shares held"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
voting and dispositive control financial
"The reporting person exercised voting and dispositive control over the shares of common stock"
FAQ
What insider transactions did FLY director Ryan Michael Boland report on this Form 4?
Ryan Michael Boland reported two indirect restructuring transactions on 2026-08-14 and updated his direct holdings. The activity reflects a pro rata distribution from an LLC to limited partners and receipt of shares by a revocable trust he controls as trustee.
What are Ryan Michael Boland’s direct holdings of Firefly Aerospace (FLY) after these transactions?
After the reported transactions, Ryan Michael Boland directly holds 6,964 shares of Firefly Aerospace common stock. A portion of these holdings consists of restricted stock units (RSUs), each representing a contingent right to receive one share.
Were the Firefly Aerospace (FLY) insider transactions under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not checked, and the footnotes describe the transactions as pro rata distributions and trust holdings, not trades executed under a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
