Uzman Mesut 4

What Happened

• Uzman Mesut, Chief Nuclear Construction Officer of Fermi Inc. (FRMI), reported two open-market sales on 2026-06-03 totaling 158,541 shares disposed for aggregate proceeds of $1,000,394. The filings show two dispositions: 79,032 shares at $6.31 ($498,692) and 79,509 shares at $6.31 ($501,702).
• These transactions are sales (routine cash-raising) rather than purchases and were executed as part of a block trade; the filing’s footnote indicates they were sell-to-cover transactions to cover withholding taxes upon award vesting.

Key Details

• Transaction date: 2026-06-03; weighted average price reported as $6.31 (block trade prices ranged $6.20–$6.50) (Footnote F1).
• Shares sold: 158,541; proceeds: $1,000,394.
• Shares owned after transaction: Not fully disclosed in the provided filing text. The filing notes the Reporting Person includes 500,000 restricted common shares subject to time-based vesting (Footnote F2).
• Footnotes: F1 explains the $6.31 is a broker-calculated weighted average from multiple sell-to-cover transactions and the Reporting Person can provide per-trade prices on request. F2 notes 500,000 restricted shares subject to time-based vesting.
• Timeliness: Period of report is 2026-06-03 and the form was filed 2026-06-04 — appears timely.

Context

• The filing describes a sell-to-cover tied to vesting of awards (routine tax-withholding sales), which are common and do not necessarily signal a change in insider confidence. Sales are typically less informative than purchases about insider sentiment.