Firy (FIRY) CEO Andrew Paradise reports RSU vesting and tax-withholding share moves
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Firy Inc. Chief Executive Officer Andrew Paradise reported routine equity compensation activity involving restricted stock units and related tax withholding. On July 1, 2026, restricted stock units settled into Class A common stock, with multiple "M" transactions reflecting derivative exercises or conversions into shares.
The filing’s transaction summary shows 134,911 shares acquired through exercises and 53,089 shares disposed of to cover withholding taxes at a reference price of $10.18 per share. Footnotes explain that each restricted stock unit represents one share of Class A common stock and that several grants vest over three years in quarterly installments, subject to continued service.
The dispositions are characterized as payment of tax liabilities rather than open-market sales, and Paradise remains a large direct holder of Firy’s Class A common stock after these compensation-related transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
134,911 shares exercised/converted
Mixed
9 txns
Insider
Paradise Andrew
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 90,576 | $0.00 | -- |
| Exercise | Restricted Stock Units | 23,810 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 20,525 | $0.00 | -- |
| Exercise | Class A common stock | 90,576 | $0.00 | -- |
| Tax Withholding | Class A common stock | 35,642 | $10.18 | $363K |
| Exercise | Class A common stock | 23,810 | $0.00 | -- |
| Tax Withholding | Class A common stock | 9,370 | $10.18 | $95K |
| Exercise | Class A common stock | 20,525 | $0.00 | -- |
| Tax Withholding | Class A common stock | 8,077 | $10.18 | $82K |
Holdings After Transaction:
Restricted Stock Units — 181,161 shares (Direct, null);
Restricted Stock Unit — 205,255 shares (Direct, null);
Class A common stock — 1,781,613 shares (Direct, null)
Footnotes (1)
- The restricted stock units settled in Class A common stock of the Company on July 1, 2026. Represents shares withheld for payment of withholding taxes in connection with vesting of restricted stock unit awards. Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock. Twenty-five percent of the restricted stock unit grant vested on January 1, 2024 and the remainder will vest in substantially equal quarterly installments thereafter. The restricted stock unit grant will vest in quarterly installments over a period of three years. The restricted stock unit grant will vest in twelve substantially equal installments over three years on each three month anniversary of January 1, 2026, subject to continuous service with the Company.
Key Figures
RSU exercises: 134,911 shares
Tax-withholding shares: 53,089 shares
Withholding reference price: $10.18 per share
+3 more
6 metrics
RSU exercises
134,911 shares
Exercise or conversion of derivative securities on July 1, 2026
Tax-withholding shares
53,089 shares
Shares withheld to pay taxes on RSU vesting
Withholding reference price
$10.18 per share
Price used for F-code tax-withholding dispositions
Single F transaction size
35,642 shares
Largest individual tax-withholding disposition of Class A stock
Largest RSU conversion
90,576 units
One M-code restricted stock unit transaction into Class A shares
Post-transaction holding example
1,745,971 shares
Direct Class A common stock reported after one transaction
Key Terms
restricted stock units, tax-withholding disposition, derivative exercise/conversion, contingent right, +1 more
5 terms
restricted stock units financial
"The restricted stock units settled in Class A common stock of the Company on July 1, 2026."
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.
tax-withholding disposition financial
"Represents shares withheld for payment of withholding taxes in connection with vesting of restricted stock unit awards."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock."
vesting financial
"The restricted stock unit grant will vest in quarterly installments over a period of three years."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did FIRY CEO Andrew Paradise report in this Form 4?
Andrew Paradise reported equity compensation activity, including restricted stock units settling into Firy Class A common stock and related tax-withholding share dispositions. These transactions reflect routine vesting and settlement of awards rather than open-market stock purchases or sales.
Were any of Andrew Paradise’s FIRY transactions open-market buys or sells?
No open-market buys or sells are indicated. The filing classifies code M entries as derivative exercises or conversions and code F entries as share dispositions to pay tax liabilities, rather than discretionary purchases or sales of Firy Class A common stock on the open market.
How do the FIRY restricted stock units held by Andrew Paradise vest?
Footnotes state one grant vested 25% on January 1, 2024, with the balance vesting in substantially equal quarterly installments. Other grants vest in quarterly or twelve substantially equal installments over about three years, subject to continued service with the company.
What does each FIRY restricted stock unit represent in this Form 4?
Each restricted stock unit represents a contingent right to receive one share of Firy’s Class A common stock. Upon settlement, these units convert into shares, which can trigger associated tax-withholding share dispositions as described in the filing’s transactions and footnotes.