Perry Griffin 4
4 · Fermi Inc. · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
Fermi (FRMI) 10% Owner Perry Griffin Sells 11M Shares
What Happened
- Perry Griffin, a reported 10% owner of Fermi Inc. (FRMI), sold a total of 11,000,000 shares in two transactions, raising roughly $56,268,500.
- 2026-03-30: 9,000,000 shares disposed at a weighted average price of $5.02, proceeds $45,191,700.
- 2026-03-31: 2,000,000 shares disposed at a weighted average price of $5.54, proceeds $11,076,800.
- These were sales (S) reported on Form 4; sales are often routine disposition rather than a bullish signal.
Key Details
- Transaction dates and prices:
- 3/30/2026 — 9,000,000 shares; WA price $5.02 (sales ranged $4.9286–$5.346) [F1].
- 3/31/2026 — 2,000,000 shares; WA price $5.54 (sales ranged $5.4003–$5.5494) [F4].
- Total reported proceeds: $56,268,500 (approx. $56.3M).
- Shares owned after the transaction: not specified in the materials you provided / not reported here.
- Beneficial ownership note: shares are held by Caddis Holdings, LP; Mr. Griffin is a manager of Caddis Capital, LLC (GP) and may be deemed to beneficially own holdings of Caddis Holdings, LP; he disclaims beneficial ownership except to the extent of his pecuniary interest [F2].
- Corporate form note: Caddis Holdings converted from an LLC to an LP without share transfer or change in beneficial ownership [F3].
- Filing timeliness: Report filed 2026-04-01 for transactions on 3/30–3/31/2026 — appears timely under Section 16 filing rules.
Context
- As a 10% owner rather than an operational officer, these sales reflect a major holder disposition; that can be for portfolio or tax reasons and should not be taken alone as a signal of company performance.
- Footnotes clarify these lines report weighted-average prices and provide the per-share price ranges; the filer will provide per-price breakdowns on request.
Insider Transaction Report
Form 4Exit
Fermi Inc.FRMI
Perry Griffin
10% Owner
Transactions
- Sale
Common Stock, $0.001 par value
[F1][F2][F3]2026-03-30$5.02/sh−9,000,000$45,191,700→ 62,946,450 total(indirect: See Footnotes) - Sale
Common Stock, $0.001 par value
[F4][F2][F3]2026-03-31$5.54/sh−2,000,000$11,076,800→ 60,946,450 total(indirect: See Footnotes)
Footnotes (4)
- [F1]The reported price is the weighted average sales price for the transactions reported on that line. Sales were made at prices between $4.9286-$5.346 per share. The Reporting Persons will provide to the Staff, the Issuer, or a security holder full information regarding the number of shares purchased or sold at each separate price upon request.
- [F2]Reflects shares of common stock of Fermi Inc. (the "Issuer") directly held by Caddis Holdings, LP. Mr. Perry is a manager of Caddis Capital, LLC, the general partner of Caddis Holdings, LP, and may be deemed to beneficially own common stock of the Issuer held by Caddis Holdings, LP. Mr. Perry disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. This report shall not be deemed an admission that Mr. Perry is the beneficial owner of such securities for purposes of Sections 13 or 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. The Reporting Persons declare that neither the filing of this statement nor anything herein shall be construed as an admission that such persons are, for the purposes of Section 13(d) or 13(g) of the Exchange Act or any other purpose, a member of a group with respect to the Issuer or securities of the Issuer.
- [F3]Caddis Holdings, LP was previously organized as Caddis Holdings, LLC and underwent a change in the form of the entity, without the transfer of any shares of the Issuer or any change in the beneficial ownership of such shares.
- [F4]The reported price is the weighted average sales price for the transactions reported on that line. Sales were made at prices between $5.4003-$5.5494 per share. The Reporting Person will provide to the Staff, the Issuer, or a security holder full information regarding the number of shares purchased or sold at each separate price upon request.