NEUGEBAUER TOBY R sold FRMI

October 13, 2026 · Form 4 insider transaction

NEUGEBAUER TOBY R sold 2,750,000 shares of Fermi Inc. at $3.73 per share, a transaction worth $10.27M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 2 days after the transaction.

Direction
Disposed (sell-side)
Shares
2,750,000
Price
$3.73
Total value
$10.27M
Role10% owner
SecurityCommon Stock
Transaction codeS: Open-market sale
Transaction dateOctober 13, 2026
Filing dateOctober 15, 2026
Shares owned after91,609,659
OwnershipIndirect
10b5-1 planNo
AmendedNo

Footnotes

The price reported in Column 4 above reflects the weighted average sale price. This transaction was executed in multiple trades at prices ranging from $3.69 to $3.845, inclusive. The Reporting Persons (as defined herein) hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 1 of this Form 4.; These securities are directly held by Melissa A. Neugebauer 2020 Trust (the "Trust"). Toby R. Neugebauer ("Mr. Neugebauer" and, together with the Trust, the "Reporting Persons") is the investment trustee of the Trust and may be deemed to beneficially own the securities held by the Trust. Mr. Neugebauer disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. This report shall not be deemed an admission that Mr. Neugebauer is the beneficial owner of such securities for purposes of Sections 13 and 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. The Reporting Persons declare that neither the filing of this statement nor anything herein shall be construed as an admission that such persons are, for the purposes of Section 13(d) or 13(g) of the Exchange Act or any other purpose, a member of a group with respect to the Issuer or securities of the Issuer.

View the original Form 4 on SEC EDGAR