WHITMAN MARGARET C 4

What Happened Margaret C. Whitman, a director of Fervo Energy Co. (FRVO), was granted 9,259 restricted stock units (RSUs) on 2026-05-14. The grant is recorded as a derivative award (Form 4 transaction code A) with a reported acquisition price of $0.00 (i.e., an issued award, not a market purchase). Each RSU represents a contingent right to receive one share of the company’s Class A common stock upon vesting.

Key Details

• Transaction date: 2026-05-14; Form 4 filed: 2026-05-18 (timely filing).
• Instrument and amount: 9,259 RSUs granted; reported price $0.00 (award/grant, derivative).
• Vesting: RSUs vest in full on the earlier of Fervo’s 2027 Annual Meeting or May 14, 2027 (per filing footnote).
• Shares owned after transaction: not specified in the provided filing summary.
• Transaction code: A = Award/Grant; derivative disclosure (see footnotes explaining RSU mechanics).

Context RSUs are a common form of equity compensation for directors and executives; they convert into actual shares only if and when they vest, so this grant does not immediately increase Whitman’s voting power or sellable shares. Because this was an award (not a purchase or sale), it should be viewed as compensation rather than a direct market signal. The filing appears timely under SEC Form 4 rules (filed within the required business days).