Cleary Anne M 4

4 · Fervo Energy Co · Filed May 18, 2026

AI-generated summary of this filing

Updated May 19, 2026

Fervo (FRVO) Director Anne Cleary Receives Stock Awards

What Happened

Anne M. Cleary, a director of Fervo Energy Co. (FRVO), was granted a total of 52,423 derivative awards via two zero‑price grants: 43,164 awards on 2026-01-26 and 9,259 awards on 2026-05-14. The filings report these as derivative awards (restricted stock units and/or stock options) with a reported dollar amount of $0. This is an award/grant transaction (not a purchase or sale).

Key Details

Transaction dates and amounts:
- 2026-01-26: 43,164 derivative awards @ $0 (reported)
- 2026-05-14: 9,259 derivative awards @ $0 (reported)
Shares owned after transaction: Not specified in the provided Form 4 summary.
Vesting/award notes from filing:
- F2: A stock option portion (if applicable) vests in 12 substantially equal monthly installments beginning Jan 23, 2026.
- F3: Each RSU represents a contingent right to one share of Class A common stock.
- F4: The RSUs vest in full on the earlier of the issuer’s 2027 Annual Meeting or May 14, 2027.
Pre-IPO reporting: F1 notes the 1/26 grant occurred prior to the company’s securities registration for the IPO; the awards are reported now pursuant to Rule 16a-2(a). The Form 4 was filed on 2026-05-18 to disclose these earlier grants.
Transaction type explanation: These are derivative awards (RSUs/options). They carry no cash price now; actual value depends on underlying share price when/if converted or exercised.

Context

For retail investors: RSUs convert to actual shares upon vesting; stock options (if part of the grant) will vest per the stated schedule and may require exercise. Awards granted before IPOs are common for founders, employees and directors and are not the same signal as an open‑market buy or sell. This filing documents compensation‑style grants rather than a purchase indicating immediate bullish conviction.

Form 4

Period: 2026-01-26

Director

Transactions

Award
Stock Option
[F1][F2]
2026-01-26+43,164→ 43,164 total
Exercise: $5.91Exp: 2036-01-25→ Class A Common Stock (43,164 underlying)
Award
Restricted Stock Units
[F3][F4]
2026-05-14+9,259→ 9,259 total
→ Class A Common Stock (9,259 underlying)

Footnotes (4)

[F1]This transaction occurred prior to the Issuer's registration of a class of equity securities under Section 12 of the Securities Exchange Act of 1934, as amended, in connection with the Issuer's initial public offering, and is reported herein pursuant to Rule 16a-2(a).
[F2]The stock option will vest in 12 substantially equal monthly installments starting on January 23, 2026.
[F3]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
[F4]The RSUs will vest in full on the earlier of the Issuer's 2027 Annual Meeting or May 14, 2027.

Signature

/s/ Gustavo Torres, Attorney-in-Fact|2026-05-18

1 file