Boland Ryan Michael 4

What Happened

• Ryan M. Boland, a director of Firefly Aerospace (FLY), reported multiple “other acquisition or disposition” (Form 4 code J) transactions dated March 23, 2026. The filing shows dispositions of 539,143; 688,751; and 1,601,440 shares (total dispositions = 2,829,334 shares) and an acquisition of 122,860 shares. No prices or dollar values are reported (N/A on the Form 4), so total transaction value is not disclosed. These transactions reflect transfers/distributions among entities and the reporting person’s trust rather than open-market buys or sales.

Key Details

• Transaction date: March 23, 2026; Form 4 filed March 25, 2026 (appears timely).
• Reported dispositions: 539,143; 688,751; 1,601,440 (total = 2,829,334 shares).
• Reported acquisition: 122,860 shares.
• Net reported change (by arithmetic): net decrease of 2,706,474 shares (2,829,334 disposed − 122,860 acquired).
• Prices/values: Not disclosed (N/A on filing).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: distributions by Ares Technology I LLC, Mars Technology Holdings LLC, and Lunar Technology I LLC to limited partners; small corrections to prior Form 3 (1 and 3 shares); reporting person exercised or exercises voting and dispositive control over shares previously held by those entities; some shares are held directly by the Ryan M. Boland Revocable Trust (for which he is trustee) and may be deemed beneficially owned by him.

Context

• Code J transactions are “other acquisition or disposition” entries — here they reflect pro rata distributions and internal transfers from LLCs to limited partners and transfers into a revocable trust, per the footnotes. Such transfers are not the same as open-market sales and do not necessarily indicate a change in market sentiment.
• The filing includes corrections to prior filings (a few shares) and notes about control of shares held by the named LLCs and the reporting person’s trust.