Fermi (FRMI) grants director 175,094 RSUs vesting through 2027

Rhea-AI Filing Summary

MCINTIRE LEE A reported acquisition or exercise transactions in this Form 4 filing.

Fermi Inc. director Lee A. McIntire reported an award of 175,094 shares of Common Stock on June 1, 2026, at a stated price of $0.00 per share. This is characterized as a grant of restricted stock units under the company’s 2025 Long-Term Incentive Plan.

The RSUs will generally vest in three tranches: 69,638 units on September 30, 2026, 35,818 units on May 29, 2027, and 69,638 units on September 30, 2027, subject to his continued service. Following the award, McIntire directly beneficially owns 316,163 shares. The filing also corrects his direct beneficial ownership as of September 30, 2025 from 148,122 shares to 141,069 shares, with no transactions between that date and this Form 4.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MCINTIRE LEE A

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	175,094	$0.00	--

Holdings After Transaction: Common Stock — 316,163 shares (Direct, null)

Footnotes (1)

1. Represents restricted stock units ("RSUs") of the Issuer granted to Mr. McIntire under the Issuer's 2025 Long-Term Incentive Plan that will generally vest as follows: (i) 69,638 RSUs on September 30, 2026, (ii) 35,818 RSUs on May 29, 2027, and (iii) 69,638 RSUs on September 30, 2027, in each case subject to Mr. McIntire's continued service relationship with the Issuer through such date. This Form 4 reflects a correction to the number of shares of common stock reported as directly beneficially owned by the reporting person on the Form 3 filed on September 30, 2025. Due to an administrative error, the Form 3 reported direct beneficial ownership of 148,122 shares of common stock; the correct number of shares of common stock directly beneficially owned as of that date was 141,069. No transactions occurred between the Form 3 filing date and the date of this Form 4.

Key Figures

RSUs granted: 175,094 shares Vesting tranche 1: 69,638 RSUs Vesting tranche 2: 35,818 RSUs +4 more

7 metrics

RSUs granted 175,094 shares Grant of restricted stock units on June 1, 2026

Vesting tranche 1 69,638 RSUs Scheduled to vest on September 30, 2026

Vesting tranche 2 35,818 RSUs Scheduled to vest on May 29, 2027

Vesting tranche 3 69,638 RSUs Scheduled to vest on September 30, 2027

Shares owned after transaction 316,163 shares Direct beneficial ownership following the grant

Previously reported ownership 148,122 shares Incorrect direct beneficial ownership on prior Form 3

Corrected prior ownership 141,069 shares Correct direct beneficial ownership as of September 30, 2025

Key Terms

restricted stock units ("RSUs"), 2025 Long-Term Incentive Plan, beneficially owned, Form 3, +1 more

5 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs") of the Issuer granted to Mr. McIntire"

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.

2025 Long-Term Incentive Plan financial

"granted to Mr. McIntire under the Issuer's 2025 Long-Term Incentive Plan"

beneficially owned financial

"the correct number of shares of common stock directly beneficially owned as of that date"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Form 3 regulatory

"reported as directly beneficially owned by the reporting person on the Form 3 filed"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

Form 4 regulatory

"This Form 4 reflects a correction to the number of shares of common stock"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

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

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^*

MCINTIRE LEE A

(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)

X	Director		10% 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)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/01/2026		A		175,094(1)	A	$0	316,163(2)	D

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") of the Issuer granted to Mr. McIntire under the Issuer's 2025 Long-Term Incentive Plan that will generally vest as follows: (i) 69,638 RSUs on September 30, 2026, (ii) 35,818 RSUs on May 29, 2027, and (iii) 69,638 RSUs on September 30, 2027, in each case subject to Mr. McIntire's continued service relationship with the Issuer through such date.

2. This Form 4 reflects a correction to the number of shares of common stock reported as directly beneficially owned by the reporting person on the Form 3 filed on September 30, 2025. Due to an administrative error, the Form 3 reported direct beneficial ownership of 148,122 shares of common stock; the correct number of shares of common stock directly beneficially owned as of that date was 141,069. No transactions occurred between the Form 3 filing date and the date of this Form 4.

	/s/ Lee A. McIntire	06/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Fermi Inc. (FRMI) director Lee McIntire report?

Lee A. McIntire reported receiving 175,094 shares of Fermi Inc. Common Stock as a grant under the 2025 Long-Term Incentive Plan. The award is structured as restricted stock units that vest over multiple dates, rather than an open-market purchase or sale.

How do the 175,094 RSUs granted to Fermi (FRMI) director vest over time?

The 175,094 restricted stock units for Lee McIntire vest in three installments: 69,638 units on September 30, 2026, 35,818 units on May 29, 2027, and 69,638 units on September 30, 2027. Each tranche requires his continued service with Fermi Inc. through the vesting date.

What is Lee McIntire’s Fermi (FRMI) share ownership after this Form 4 grant?

After the reported award, Lee A. McIntire directly beneficially owns 316,163 shares of Fermi Inc. Common Stock. This total reflects the new grant and provides investors with an updated view of his direct equity stake in the company following the compensation-related transaction.

Did Fermi (FRMI) correct any prior share ownership figures for Lee McIntire?

Yes. The filing states his direct beneficial ownership as of September 30, 2025, was 141,069 shares, not 148,122 shares as previously reported on Form 3. The company notes no transactions occurred between that earlier filing date and the date of this Form 4.

Is the Fermi (FRMI) Form 4 transaction an open-market trade or a compensation grant?

The transaction is a compensation-related grant, not an open-market trade. It is coded as a grant or award acquisition, with 175,094 restricted stock units granted under Fermi Inc.’s 2025 Long-Term Incentive Plan and a stated price of $0.00 per share in the filing.