Lowe Robert Ferrall III 4

What Happened Robert Ferrall, a director of Fervo Energy Co., received a grant of 9,259 restricted stock units (RSUs) on May 14, 2026. The Form 4 reports an acquisition at $0.00 per unit (transaction code A — award/grant); the filing lists the grant as a derivative award (RSUs) rather than an open-market purchase or sale. Because RSUs are contingent rights to receive shares later, this is an award/compensation event, not an immediate buy or sell of shares.

Key Details

• Transaction date: May 14, 2026; Form 4 filed May 18, 2026. Filing appears to be within the typical two business-day deadline for Form 4s.
• Instrument & amount: 9,259 restricted stock units (RSUs) acquired at $0.00 (award). Reported as a derivative grant (transaction code A).
• Reported value on Form 4: $0 (grant price recorded as $0.00 on the form).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — each RSU is a contingent right to one share of the issuer’s Class A common stock. F2 — the RSUs vest in full on the earlier of the issuer’s 2027 annual meeting or May 14, 2027.
• No tax-withholding or immediate disposition (cashless sale) noted in the filing.

Context RSU grants to directors are a common form of compensation and do not represent an immediate purchase or sale of stock; they convert into shares only once vested and any tax-withholding or sale to cover taxes would be reported separately if it occurs. Because this is a grant, it’s a compensation event rather than a direct market signal; retail investors should note the vesting schedule and watch for future Form 4s if shares are issued or sold to cover taxes.