Firy Inc: CEO Paradise Andrew exercised 142,857 shares

What happened

• Paradise Andrew, CEO, exercised or converted performance stock units that settled into Class A common stock on Oct 14, 2026. The filing reports 142,857 shares acquired at $0.00; 56,214 shares were disposed (withheld) at $12.41 for payment of withholding taxes totaling $697,616; the filing also shows a 142,857-share derivative entry at $0.00.
• Footnotes in the filing state the performance stock units settled into Class A common stock and that 25% of the target units vested based on stock price performance, with shares withheld to cover withholding taxes.

Key details

• Transaction date: Oct 14, 2026. Prices: $0.00 for the converted shares; $12.41 per share for the 56,214 shares withheld for taxes (total $697,616).
• Shares owned after the transactions: not stated in the provided filing details.
• Relevant footnotes: F1 — PSUs settled into Class A common stock on Oct 14, 2026; F2 — shares withheld to pay withholding taxes; F3 — 25% of target performance stock units vested based on achievement of certain goals and then settled into shares.
• Transaction codes reported: M (exercise or conversion of a derivative), F (tax withholding).
• Filing date: Oct 16, 2026 (period of report Oct 14, 2026). The filing date is within the typical two-business-day Form 4 filing window.

Why it may matter

• The filing shows conversion/settlement of performance stock units into shares and that a portion of the shares were withheld to cover taxes (a cashless tax withholding rather than a separate market sale).
• For clarity: the filing reports the mechanics of the award settlement and tax withholding but does not explain the reasons behind the grant, vesting, or withholding. This filing does not show why the insider traded or why the company acted.