Fervo Energy CEO exercises 10,000 stock options

Latimer may elect to exchange Class A shares received upon exercise for an equal number of Class B shares under an Equity Award Exchange Agreement.

Available on EDGAR 11/02/2026 - 07:33 PM EST Accepted by SEC EDGAR 11/02/2026 - 07:30 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Fervo Energy Co (FRVO) Chief Executive Officer, director and ten percent owner Timothy Michael Latimer exercised 10,000 fully vested stock options on October 23, 2026, at an exercise price of $1.31 per share, acquiring 10,000 Class A Common Stock shares. The reported option position after the transaction was 1,392,830 options, and his direct Class A holdings were 10,000 shares.

The options expire July 13, 2033.

Insider Trade Summary

10,000 shares exercised/converted

Exercise 2 txns

Insider Latimer Timothy Michael

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Stock Option F2, F1	10,000	$0.00	$0.00
Exercise	Class A Common Stock	10,000	$1.31	$13K

Holdings After Transaction: Stock Option — 1,392,830 contracts (Direct); Class A Common Stock — 10,000 shares (Direct)

Footnotes (2)

1. F1. The stock option is fully vested.
2. F2. The Reporting Person's Form 3 reported that the title of the security underlying the stock option reported herein as Class B Common Stock. In connection with the closing of the Issuer's initial public offering, all outstanding shares of common stock were reclassified into Class A Common Stock. The Reporting Person has entered into an Equity Award Exchange Agreement with the Issuer whereby he may elect to exchange any shares of Class A Common Stock received upon exercise of this stock option for an equal number of shares of the Issuer's Class B Common Stock.

Key Figures

Stock options exercised: 10,000 options Exercise price: $1.31 per share Class A shares acquired: 10,000 shares +2 more

5 metrics

Stock options exercised 10,000 options Fully vested options exercised October 23, 2026

Exercise price $1.31 per share Stock option exercise on October 23, 2026

Class A shares acquired 10,000 shares Direct holdings following the transaction

Stock options following transaction 1,392,830 options Reported position after the exercise

Option expiration July 13, 2033 Stock option expiration date

Key Terms

Equity Award Exchange Agreement, fully vested, underlying security

3 terms

Equity Award Exchange Agreement technical

"entered into an Equity Award Exchange Agreement"

fully vested financial

"The stock option is fully vested"

underlying security technical

"title of the security underlying the stock option"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many FRVO shares did Timothy Michael Latimer acquire?

Timothy Michael Latimer acquired 10,000 Class A Common Stock shares on October 23, 2026, by exercising 10,000 fully vested stock options at an exercise price of $1.31 per share.

What does the FRVO option exchange agreement allow?

Under the Equity Award Exchange Agreement, Latimer may elect to exchange any Class A shares received upon exercise of the stock option for an equal number of Class B Common Stock shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Latimer Timothy Michael

(Last) (First) (Middle)

C/O FERVO ENERGY CO.

811 MAIN ST. , SUITE 1700

(Street)

HOUSTON TEXAS 77002

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Fervo Energy Co [ FRVO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/23/2026

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
Class A Common Stock	10/23/2026		M		10,000	A	$1.31	10,000	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
Stock Option(2)	$1.31	10/23/2026		M			10,000	(1)	07/13/2033	Class A Common Stock	10,000	$0	1,392,830	D

Explanation of Responses:

1. The stock option is fully vested.

2. The Reporting Person's Form 3 reported that the title of the security underlying the stock option reported herein as Class B Common Stock. In connection with the closing of the Issuer's initial public offering, all outstanding shares of common stock were reclassified into Class A Common Stock. The Reporting Person has entered into an Equity Award Exchange Agreement with the Issuer whereby he may elect to exchange any shares of Class A Common Stock received upon exercise of this stock option for an equal number of shares of the Issuer's Class B Common Stock.

	/s/ Gustavo Torres, Attorney-in-fact	11/02/2026
	** 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)