Fervo Energy legal chief exercises 15,000 stock options

The option vested as to 25% of the underlying shares on May 1, 2025, and vests in 36 equal monthly installments thereafter.

Rhea-AI Filing Summary

Fervo Energy Co (FRVO) Chief Legal Officer Gustavo Torres Jr. exercised 15,000 stock options on October 26, 2026, at an exercise price of $1.37 per share, acquiring 15,000 Class A common shares. Afterward, he directly held 155,764 Class A common shares and 154,297 stock options.

Insider Trade Summary

15,000 shares exercised/converted

Exercise 2 txns

Insider Torres Gustavo Jr.

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise	Stock Option F1	15,000	$0.00	$0.00
Exercise	Class A Common Stock	15,000	$1.37	$21K

Holdings After Transaction: Stock Option — 154,297 contracts (Direct); Class A Common Stock — 155,764 shares (Direct)

Footnotes (1)

1. F1. The option vested as to 25% of the underlying shares on May 1, 2025 and vests in 36 equal monthly installments thereafter.

Key Figures

Stock options exercised: 15,000 options Exercise price: $1.37 per share Class A common shares acquired: 15,000 shares +2 more

5 metrics

Stock options exercised 15,000 options October 26, 2026

Exercise price $1.37 per share October 26, 2026 option exercise

Class A common shares acquired 15,000 shares October 26, 2026

Direct Class A common shares held afterward 155,764 shares After the October 26, 2026 transaction

Stock options held afterward 154,297 options After the October 26, 2026 transaction

Key Terms

Stock Option, underlying shares, monthly installments

3 terms

Stock Option financial

"The option vested as to 25% of the underlying shares"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

underlying shares technical

"25% of the underlying shares"

monthly installments technical

"36 equal monthly installments thereafter"

Monthly installments are regular, fixed payments made each month to gradually pay off a larger amount, such as a loan or purchase. Think of it like paying for a big item in small, manageable parts instead of all at once. For investors, understanding installment payments helps gauge how debts are structured and how they might affect financial stability or cash flow over time.

FAQ

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

How many FRVO shares did Gustavo Torres Jr. acquire through the option exercise?

Gustavo Torres Jr., Fervo Energy Co.'s Chief Legal Officer, exercised options covering 15,000 shares on October 26, 2026, at $1.37 per share and acquired 15,000 Class A common shares. He directly held 155,764 Class A common shares afterward.

What is the vesting schedule for Gustavo Torres Jr.'s FRVO option?

The option vested as to 25% of the underlying shares on May 1, 2025, and vests in 36 equal monthly installments thereafter.

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

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Available on EDGAR 10/28/2026 - 07:44 PM EDT Accepted by SEC EDGAR 10/28/2026 - 07:43 PM EDT Learn about SEC filing dates

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^*

Torres Gustavo Jr.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/26/2026

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	10/26/2026		M		15,000	A	$1.37	155,764	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	$1.37	10/26/2026		M			15,000	(1)	05/13/2034	Class A Common Stock	15,000	$0	154,297	D

Explanation of Responses:

1. The option vested as to 25% of the underlying shares on May 1, 2025 and vests in 36 equal monthly installments thereafter.

	/s/ Pilar Hastings-Smith, Attorney-in-Fact	10/28/2026
	** 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)