Kellerman Lawrence M. 4
4 · Fermi Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Fermi (FRMI) Chief Power Officer Kellerman Receives 35,818-Share Award
What Happened
- Lawrence M. Kellerman, Chief Power Officer and a director of Fermi Inc. (FRMI), received a grant of 35,818 restricted stock units (RSUs) on 2026-06-01. The filing lists the acquisition price as $0.00, reflecting an award rather than a market purchase or sale. The RSUs generally vest on May 29, 2027, subject to Kellerman’s continued service.
Key Details
- Transaction date: 2026-06-01 (Form 4 filed 2026-06-03).
- Transaction type/code: Award/Grant (A).
- Shares/units granted: 35,818 RSUs; price reported $0.00.
- Vesting: Generally vests on May 29, 2027, subject to continued service (Footnote F1).
- Ownership correction: Footnote F2 corrects a prior Form 3 (9/30/2025) that mistakenly reported 11,700,000 directly beneficial shares; the correct number then was zero. No intervening transactions occurred between that Form 3 date and this Form 4.
- Shares owned after transaction: The filing presents this as an unvested RSU award; direct beneficial ownership prior to this grant was corrected to zero (see F2).
Context
- This was an equity award (compensation), not a purchase or sale—common for executive pay and not an immediate market signal. The RSUs are unvested and will only convert to actual shares if vesting conditions are met. No indication of a 10b5-1 plan, tax withholding, or late filing was reported in this Form 4.
Insider Transaction Report
Form 4
Fermi Inc.FRMI
Kellerman Lawrence M.
DirectorChief Power Officer
Transactions
- Award
Common Stock
[F1][F2]2026-06-01+35,818→ 35,818 total
Footnotes (2)
- [F1]Represents an award of restricted stock units of the Issuer granted to Mr. Kellerman under the Issuer's 2025 Long-Term Incentive Plan that will generally vest on May 29, 2027, subject to Mr. Kellerman's continued service relationship with the Issuer through such date.
- [F2]This Form 4 reflects a correction to the number of shares of common stock reported as directly beneficially owned by the reporting person on the Form 3 filed on September 30, 2025. Due to an administrative error, the Form 3 reported direct beneficial ownership of 11,700,000 shares of common stock; the correct number of shares of common stock directly beneficially owned as of that date was zero. No transactions occurred between the Form 3 filing date and the date of this Form 4.
Signature
/s/ Lawrence M. Kellerman|2026-06-03