Fermi Inc. (FRMI) grants COO 147K-share RSU award
Rhea-AI Filing Summary
Fermi Inc. (FRMI) reported that Chief Operating Officer Jacobo Ortiz Blanes received an equity award on 2026-08-20. He acquired 147,059 shares of common stock at a reported price of $0.00 per share, representing an award of restricted stock units under the 2025 Long-Term Incentive Plan that generally vest in one-third installments on each of the first, second, and third anniversaries of the grant date, subject to his continued service relationship with the company.
After this award, Ortiz directly holds 5,616,151 shares of Fermi common stock, including 4,347,059 shares of restricted common stock subject to time-based vesting conditions. He also is associated with an indirect holding of 7,875,000 shares held by Las Brisas Financial Services LLC, where he is a managing member and may be deemed to beneficially own shares to the extent of his pecuniary interest, while formally disclaiming beneficial ownership beyond that.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 147,059 shares
Net Buy
2 txns
Insider
Ortiz Blanes Jacobo
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F2, F3 | 147,059 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,616,151 shares (Direct);
Common Stock — 7,875,000 shares (Indirect, See footnote)
Footnotes (3)
- F1. Reflects shares of common stock of the Issuer directly held by Las Brisas Financial Services LLC ("Las Brisas"). Mr. Ortiz is a managing member of Las Brisas and may be deemed to beneficially own common stock of the Issuer held by Las Brisas. Mr. Ortiz 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. Ortiz 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.
- F2. Represents an award of restricted stock units ("RSUs") of the Issuer granted to Mr. Ortiz under the Issuer's 2025 Long-Term Incentive Plan that will generally vest in one-third installments on the first, second, and third anniversaries of the date of grant, in each case subject to Mr. Ortiz' continued service relationship with the Issuer through such date.
- F3. Includes 4,347,059 shares of restricted common stock of the Issuer subject to time-based vesting conditions.
Key Figures
RSU award: 147,059 shares
Grant price: $0.00 per share
Direct holdings after transaction: 5,616,151 shares
+3 more
6 metrics
RSU award
147,059 shares
Restricted stock units of Fermi Inc. common stock granted on 2026-08-20
Grant price
$0.00 per share
Reported price per share for the 147,059-share RSU award
Direct holdings after transaction
5,616,151 shares
Total Fermi Inc. common stock directly held by Ortiz following the award
Restricted common stock within direct holdings
4,347,059 shares
Portion of direct holdings subject to time-based vesting conditions
Indirect holdings via Las Brisas
7,875,000 shares
Fermi Inc. common stock held by Las Brisas Financial Services LLC, associated with Ortiz
Vesting schedule
One-third per year over 3 years
RSUs vest on the first, second, and third anniversaries of the grant date, subject to continued service
Key Terms
restricted stock units, time-based vesting conditions, pecuniary interest, beneficially own, +1 more
5 terms
restricted stock units financial
"Represents an award of restricted stock units ("RSUs") of the Issuer granted"
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.
time-based vesting conditions financial
"Includes 4,347,059 shares of restricted common stock of the Issuer subject to time-based vesting conditions"
pecuniary interest financial
"Ortiz disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein"
beneficially own regulatory
"Mr. Ortiz is a managing member of Las Brisas and may be deemed to beneficially own common stock"
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.
beneficial ownership regulatory
"This report shall not be deemed an admission that Mr. Ortiz is the beneficial owner of such securities"
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.
FAQ
What insider equity award did Fermi Inc. (FRMI) grant to COO Jacobo Ortiz on August 20, 2026?
On 2026-08-20, Fermi Inc. granted COO Jacobo Ortiz an award of 147,059 restricted stock units of common stock at a reported price of $0.00 per share under the 2025 Long-Term Incentive Plan.
How do the new Fermi Inc. (FRMI) RSUs granted to Ortiz vest?
The 147,059 RSUs granted to Jacobo Ortiz generally vest in one-third installments on the first, second, and third anniversaries of the grant date, in each case subject to his continued service relationship with Fermi Inc.
Does Jacobo Ortiz fully acknowledge beneficial ownership of the Las Brisas Fermi Inc. (FRMI) shares?
No. While Ortiz is a managing member of Las Brisas Financial Services LLC and may be deemed to beneficially own the Fermi Inc. shares it holds to the extent of his pecuniary interest, he disclaims beneficial ownership of those securities beyond that.
AI-generated analysis. How Rhea-AI works. Not financial advice.
