DEVON ENERGY CORP/DE sold FRVO
May 14, 2026 · Form 4 insider transaction
DEVON ENERGY CORP/DE sold 35,540,812 shares of Fervo Energy Company at $0.00 per share, a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 1 day after the transaction.
Footnotes
Upon the closing of the Issuer's initial public offering, each share of Series D-1 Preferred Stock, Series D-2 Preferred Stock, Series D-3 Preferred Stock and Series E-1 Preferred Stock (collectively, the "Preferred Stock") automatically converted into 0.7194 shares of the Issuer's Class A common stock, par value $0.0001 per share (the "Class A Common Stock"). The shares of Preferred Stock had no expiration date.; Devon Technology Ventures Holdings, L.L.C., a wholly-owned subsidiary of Devon Energy Corporation, is the record holder of the securities listed in this Form 4.