Fervo Energy Co: COO Sarah Jewett exercised 59,125 shares

What happened Sarah Allison Jewett, chief operating officer, exercised options on Oct 20, 2026, acquiring 59,125 shares at $1.31 per share for $77,454. The same filing reports 59,125 shares disposed at $0.00 in a derivative transaction on the same date.

Key details

• Transaction date(s) and price(s): Oct 20, 2026 — exercised 59,125 shares at $1.31 (total $77,454); disposed 59,125 shares at $0.00 (derivative).
• Shares owned after the transaction: not reported in this filing.
• Footnotes:
  • F1: The stock option vested as to 25% of the underlying shares on Nov 29, 2023, and will vest thereafter in 36 substantial equal monthly installments.
  • F2: The number in Column 9 in Table II is reflected to update certain administrative errors created by share count miscalculations.
• Filing date and reporting period: filed Oct 22, 2026; period of report Oct 20, 2026.

Why it may matter

• Options exercise: the filing shows the options were exercised and the same number of shares were disposed at $0.00 rather than reported as a market sale. A filing does not show why the insider traded or why the company acted.