MCINTIRE LEE A 4

What Happened

• Lee A. McIntire, a director of Fermi Inc. (FRMI), was granted 175,094 restricted stock units (RSUs) on 2026-06-01. The grant was recorded at $0.00 per share (no cash paid at issuance). RSUs will convert to common shares only as they vest.

Key Details

• Transaction date and price: 2026-06-01; Award (A) of 175,094 RSUs at $0.00.
• Vesting schedule (per footnote): 69,638 RSUs vest on Sep 30, 2026; 35,818 RSUs vest on May 29, 2027; 69,638 RSUs vest on Sep 30, 2027; all subject to continued service.
• Shares owned after transaction: The filing corrects a prior Form 3 (9/30/2025) to show direct beneficial ownership of 141,069 shares as of that date; the filing states no transactions occurred between that Form 3 date and this Form 4. The Form 4 does not report a separate post-grant aggregate that includes unvested RSUs.
• Notable footnote: F2 corrects an administrative error on the prior Form 3 (previously reported 148,122 shares; corrected to 141,069).
• Timeliness: Form 4 filed on 2026-06-03 for a 2026-06-01 transaction (filed timely based on filing date shown).

Context

• RSU grants are a common form of executive/director compensation and are not an open-market purchase or sale; they only become shares if and when they vest. Awards at $0 are standard accounting of a grant rather than a cash transaction. This filing is informational about compensation and corrected prior ownership reporting; it does not by itself indicate insider buying or selling sentiment.