Paradise Andrew 4

4 · Firy Inc. · Filed Jul 6, 2026

AI-generated summary of this filing

Updated Jul 6, 2026

Firy (FIRY) CEO Andrew Paradise Exercises RSUs and Withholds Shares

What Happened

Andrew Paradise, CEO of Firy Inc. (FIRY), had restricted stock units (RSUs) settle on July 1, 2026. The settlement converted RSUs into 134,911 shares of Class A common stock (three lots: 90,576; 23,810; 20,525).
To cover withholding taxes on the vesting, 53,089 shares were surrendered (35,642; 9,370; 8,077) at a reported per-share value of $10.18, totaling $540,447. The RSU conversion entries show $0 exercise price (derivative conversion), and the withheld-share entries are reported as dispositions for tax payment. Net shares added to the CEO’s position from this settlement were 81,822 shares (134,911 received minus 53,089 withheld).
This was not an open-market sale of shares for investment liquidity; it was a routine tax-withholding disposition tied to RSU vesting.

Key Details

Transaction date: July 1, 2026. Filing date (Form 4): July 6, 2026 (filed late relative to the typical two-business-day rule).
Shares received via RSU conversion: 90,576; 23,810; 20,525 (total 134,911) at $0.00 exercise price (derivative conversion, code M).
Shares withheld for taxes (dispositions, code F): 35,642; 9,370; 8,077 (total 53,089) at $10.18 per share; total value reported for withholding = $540,447.
Shares owned after the transaction: not provided in the supplied data.
Footnotes of note:
- F1–F3: RSUs settled into Class A common stock; each RSU = 1 share.
- F2: Shares withheld specifically to pay withholding taxes.
- F4–F6: Describe vesting schedule (initial 25% vested Jan 1, 2024, remainder vesting quarterly over multi-year schedules; some grants vest in quarterly installments over three years, subject to continued service).
Filing timeliness: Report filed 5 days after the transaction (appears late). Late Form 4s can be a reporting deficiency and may be reviewed by the SEC or the company.

Context

This was a standard RSU settlement with shares withheld to satisfy tax obligations — a routine administrative step rather than a market sell signal. Derivative code M indicates conversion/exercise of a contingent equity award (RSU), and code F indicates shares were disposed solely to cover tax withholding.
For retail investors, purchases or open-market buys by insiders generally carry more informational weight; tax-withholding disposals following vesting are common and do not necessarily indicate the insider is reducing their economic exposure by choice.

Form 4

Period: 2026-07-01

DirectorChief Executive Officer10% Owner

Transactions

Exercise/Conversion
Class A common stock
[F1]
2026-07-01+90,576→ 1,781,613 total
Tax Payment
Class A common stock
[F2]
2026-07-01$10.18/sh−35,642$362,836→ 1,745,971 total
Exercise/Conversion
Class A common stock
[F1]
2026-07-01+23,810→ 1,769,781 total
Tax Payment
Class A common stock
[F2]
2026-07-01$10.18/sh−9,370$95,387→ 1,760,411 total
Exercise/Conversion
Class A common stock
[F1]
2026-07-01+20,525→ 1,780,936 total
Tax Payment
Class A common stock
[F2]
2026-07-01$10.18/sh−8,077$82,224→ 1,772,859 total
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-07-01−90,576→ 181,161 total
→ Class A common stock (90,576 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F5]
2026-07-01−23,810→ 142,854 total
→ Class A common stock (23,810 underlying)
Exercise/Conversion
Restricted Stock Unit
[F3][F6]
2026-07-01−20,525→ 205,255 total
→ Class A common stock (20,525 underlying)

Footnotes (6)

[F1]The restricted stock units settled in Class A common stock of the Company on July 1, 2026.
[F2]Represents shares withheld for payment of withholding taxes in connection with vesting of restricted stock unit awards.
[F3]Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock.
[F4]Twenty-five percent of the restricted stock unit grant vested on January 1, 2024 and the remainder will vest in substantially equal quarterly installments thereafter.
[F5]The restricted stock unit grant will vest in quarterly installments over a period of three years.
[F6]The restricted stock unit grant will vest in twelve substantially equal installments over three years on each three month anniversary of January 1, 2026, subject to continuous service with the Company.

Signature

/s/ Todd A. Valli, Attorney-in-Fact|2026-07-06

1 file