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Fermi (FRMI) director gets 35,818 RSUs, holds over 10M shares

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

Rhea-AI Filing Summary

Everson Miles E. reported acquisition or exercise transactions in this Form 4 filing.

Fermi Inc. director Everson Miles E. reported an equity compensation grant and updated share holdings. He received an award of 35,818 shares of common stock at a price of $0.0000 per share, described in a footnote as restricted stock units granted under the company’s 2025 Long-Term Incentive Plan. These units generally vest on May 29, 2027, if he continues his service with the company through that date. Following the award, he directly holds 10,005,519 shares of Fermi common stock. The filing also lists 900,000 shares of common stock held indirectly through Lady Bird Advisory 2 LLC, an entity where he is a managing member; he may be deemed to beneficially own these shares but disclaims beneficial ownership except to the extent of his pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Everson Miles E.
Role null
Type Security Shares Price Value
Grant/Award Common Stock 35,818 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 10,005,519 shares (Direct, null); Common Stock — 900,000 shares (Indirect, See Footnote)
Footnotes (1)
  1. Represents an award of restricted stock units of the Issuer granted to Mr. Everson under the Issuer's 2025 Long-Term Incentive Plan that will generally vest on May 29, 2027, subject to Mr. Everson's continued service relationship with the Issuer through such date. Reflects shares of common stock of the Issuer directly held by Lady Bird Advisory 2 LLC ("Lady Bird"). Mr. Everson is a managing member of Lady Bird and may be deemed to beneficially own common stock of the Issuer held by Lady Bird. Mr. Everson disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. This report shall not be deemed an admission that Mr. Everson is the beneficial owner of such securities for purposes of Sections 13 or 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Equity award 35,818 shares Common stock grant/RSU award to director
Grant price $0.0000 per share Price per share for the 35,818-share award
Vesting date May 29, 2027 Vesting for 2025 Long-Term Incentive Plan RSUs
Direct holdings after award 10,005,519 shares Common stock directly held by Everson Miles E.
Indirect holdings via Lady Bird 900,000 shares Common stock held by Lady Bird Advisory 2 LLC
restricted stock units financial
"Represents an award of restricted stock units of the Issuer granted to Mr. Everson under the Issuer's 2025 Long-Term Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2025 Long-Term Incentive Plan financial
"restricted stock units of the Issuer granted to Mr. Everson under the Issuer's 2025 Long-Term Incentive Plan that will generally vest on May 29, 2027"
beneficially own financial
"Mr. Everson is a managing member of Lady Bird and may be deemed to beneficially own common stock of the Issuer held by Lady Bird"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"Mr. Everson disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein"
Sections 13 or 16 of the Securities Exchange Act of 1934 regulatory
"This report shall not be deemed an admission that Mr. Everson is the beneficial owner of such securities for purposes of Sections 13 or 16 of the Securities Exchange Act of 1934"
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Form 4 Insider Transactions: What Each Field Means →
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*
Everson Miles E.
(Last)(First)(Middle)
620 S. TAYLOR ST., SUITE 301
(Street)
AMARILLO TEXAS 79101
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Fermi Inc. [ FRMI ] 		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)
06/01/2026		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 Stock06/01/2026A35,818(1)A$010,005,519D
Common Stock900,000ISee Footnote(2)
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 an award of restricted stock units of the Issuer granted to Mr. Everson under the Issuer's 2025 Long-Term Incentive Plan that will generally vest on May 29, 2027, subject to Mr. Everson's continued service relationship with the Issuer through such date.
2. Reflects shares of common stock of the Issuer directly held by Lady Bird Advisory 2 LLC ("Lady Bird"). Mr. Everson is a managing member of Lady Bird and may be deemed to beneficially own common stock of the Issuer held by Lady Bird. Mr. Everson disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. This report shall not be deemed an admission that Mr. Everson is the beneficial owner of such securities for purposes of Sections 13 or 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
/s/ Miles E. Everson06/03/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Fermi (FRMI) director Everson Miles receive in this Form 4 filing?

He received an equity award of 35,818 shares of common stock at $0.0000 per share. A footnote describes this as restricted stock units granted under Fermi’s 2025 Long-Term Incentive Plan, subject to future vesting conditions.

When do Everson Miles’s new Fermi (FRMI) restricted stock units vest?

The restricted stock units generally vest on May 29, 2027, if Everson Miles maintains a continued service relationship with Fermi through that date. Vesting means the units convert into shares he can fully own, according to the plan terms.

How many Fermi (FRMI) shares does Everson Miles hold directly after this Form 4?

After the reported award, Everson Miles directly holds 10,005,519 shares of Fermi common stock. This figure reflects his direct ownership only and excludes the separate indirect holdings reported through an affiliated limited liability company.

What are the indirect Fermi (FRMI) holdings reported through Lady Bird Advisory 2 LLC?

The filing lists 900,000 shares of Fermi common stock held by Lady Bird Advisory 2 LLC. Everson Miles is a managing member and may be deemed a beneficial owner but disclaims beneficial ownership except for his pecuniary interest in those securities.

Is the Fermi (FRMI) equity award to Everson Miles an open-market stock purchase?

No. The 35,818-share award is described as restricted stock units granted under Fermi’s 2025 Long-Term Incentive Plan at $0.0000 per share. This is a compensation grant, not a purchase on the open market.

What plan governs the new restricted stock units reported for Fermi (FRMI)?

The restricted stock units are granted under Fermi’s 2025 Long-Term Incentive Plan. This plan provides equity-based compensation, and the award to Everson Miles vests on May 29, 2027, contingent on his continued service with the company.