Firy Inc.: chief accounting officer Todd A. Valli received 10,707 shares

What happened

• Todd A. Valli, chief accounting officer, was granted 10,707 restricted stock units (RSUs) and had derivative awards exercised/converted for 2,677 shares on Oct 23, 2026. The filing shows 652 shares were withheld to cover tax withholding for $7,576. Reported prices: RSUs and conversions at $0.00; tax withholding at $11.62 per share.

Key details

• Transaction date: Oct 23, 2026.
• Transactions reported in the Form 4:
  • Exercise/conversion of derivative (M): 2,677 shares acquired @ $0.00.
  • Payment of exercise price or tax liability (F): 652 shares disposed @ $11.62 for $7,576.
  • Grant, award or other acquisition (A): 10,707 shares acquired @ $0.00 (derivative/RSU).
  • Exercise/conversion of derivative (M): 2,677 shares disposed @ $0.00 (derivative).
• Shares owned after the transaction: not reported in the Form 4.
• Footnotes from the filing:
  • RSUs settled in Class A common stock on Oct 23, 2026.
  • 652 shares represent shares withheld for payment of withholding taxes in connection with vesting of RSU awards.
  • Each RSU represents a contingent right to receive one share of Class A common stock.
  • The RSU grant vests in four substantially equal installments over one year on each three-month anniversary of Jul 14, 2026, subject to continuous service with the company.
• Filing date: Oct 23, 2026.

Why it may matter

• The filing reports RSUs settling into Class A shares and derivative awards being exercised/converted. The 652 shares were withheld to cover withholding taxes (a cashless tax withholding).
• A filing does not show why the insider traded or why the company acted.