VALLI TODD A. 4

What Happened
Todd A. Valli, Chief Accounting Officer of Firy, had 12,610 restricted stock units (RSUs) vest and convert into 12,610 shares of Class A common stock on July 14, 2026 (reported as exercise/conversion, code M). No cash was paid to acquire these shares (exercise price $0.00). To cover withholding taxes, 2,958 of the vested shares were withheld/disposed at $8.44 per share, totaling $24,966 (code F). The filing shows the RSUs vested 100% on July 14, 2026.

Key Details

• Transaction date: July 14, 2026. Filing date: July 16, 2026 (filed within the Form 4 two-business-day window).
• Acquired: 12,610 shares via RSU settlement (exercise/conversion, code M) at $0.00 exercise price.
• Disposed/Withheld: 2,958 shares withheld for taxes at $8.44/sh — $24,966 total (code F).
• Footnotes: F1–F4 confirm RSUs settled into Class A common stock, each RSU = one share, and 100% of the RSU grant vested; F2 explains shares were withheld to pay withholding taxes.
• Shares owned after the transaction: not specified in the provided filing data.

Context
This was an RSU vesting and settlement (award conversion), not an open-market purchase or a deliberate sale for investment reasons. The withholding of shares for taxes is a routine, cashless way to cover tax obligations on vested awards and does not necessarily signal insider sentiment. The M code indicates conversion/exercise of a derivative (here, RSUs becoming shares).