Everson Miles E. 4

What Happened

• Everson Miles E., a director of Fermi Inc. (FRMI), received an award of 35,818 restricted stock units (RSUs) on 2026-06-01. The award was reported as an acquisition (grant) at $0.00 per share, so the grant had no immediate cash cost recorded in the Form 4.
• These RSUs generally vest on May 29, 2027, subject to Mr. Everson’s continued service with the company. This is a compensation award rather than a market purchase or sale.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (appears timely).
• Transaction type/code: Award/Grant (A).
• Shares granted: 35,818 RSUs; grant price reported: $0.00; immediate reported value at grant: $0.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — RSUs granted under the 2025 Long-Term Incentive Plan, vesting May 29, 2027, subject to continued service. F2 — Mr. Everson is a managing member of Lady Bird Advisory 2 LLC, which holds shares of Fermi; he disclaims beneficial ownership except to the extent of any pecuniary interest.

Context

• RSUs are compensation that convert to underlying shares only upon vesting; they are not an immediate cash purchase or sale and do not by themselves indicate buying/selling sentiment.
• Such grants are common forms of director/executive compensation and can lead to future dilution when they vest and convert to shares.