Kellerman Lawrence M. 4

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.