Jacobo Ortiz Blanes - 08 Apr 2026 Form 4 Insider Report for Fermi Inc. (FRMI)

Reporting relationship: Chief Operating Officer
Issuer ticker: FRMI
Reported as of: 08 Apr 2026
Net transaction value: -$3,938,728
SEC form: 4
Accepted by SEC: 10 Apr 2026, 19:38:11 UTC
Prior SEC filing: 02 Oct 2025
Source filing: View source filing
Reporting owner signature: /s/ Jacobo Ortiz Blanes

Key filing fact

Jacobo Ortiz Blanes filed Form 4 for Fermi Inc. (FRMI) on 10 Apr 2026.

Key facts

This page summarizes Jacobo Ortiz Blanes's Form 4 filing for Fermi Inc. (FRMI).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 10 Apr 2026, 19:38.

Change

Previous filing in this sequence was filed on 02 Oct 2025.
Current net transaction value: -$3,938,728.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002085915 Primary reporting owner

Ortiz Blanes Jacobo

Relationship: Chief Operating Officer
Address: 620 S. TAYLOR ST., SUITE 301, AMARILLO
Signature: /s/ Jacobo Ortiz Blanes
Signature date: 10 Apr 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FRMI transaction

Common Stock

Sale

Transaction value: $1,981,406
Shares: -403,545
Change %: -6.4%
Price: $4.91
Shares after: 5,896,455
Date: 08 Apr 2026
Ownership: Direct
Footnotes: F1

FRMI transaction

Common Stock

Sale

Transaction value: $1,957,323
Shares: -427,363
Change %: -7.2%
Price: $4.58
Shares after: 5,469,092
Date: 09 Apr 2026
Ownership: Direct
Footnotes: F2, F3

FRMI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 7,875,000
Date: 08 Apr 2026
Ownership: See Footnotes
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents a weighted average price calculated by a broker executing automatic "sell-to-cover" transactions to cover withholding taxes upon award vesting and share delivery. These shares were sold as part of a block trade in multiple transactions at prices ranging from $5.16 to $4.77, inclusive, and the Reporting Person undertakes to provide to Fermi Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate sales price.

Footnote F2

Represents a weighted average price calculated by a broker executing automatic "sell-to-cover" transactions to cover withholding taxes upon award vesting and share delivery. These shares were sold as part of a block trade in multiple transactions at prices ranging from $4.76 to $4.47, inclusive, and the Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate sales price.

Footnote F3

Includes 4,200,000 shares of restricted common stock of the Issuer subject to time-based vesting conditions.

Footnote F4

Reflects shares of common stock of the Issuer directly held by Las Brisas Financial Services LLC ("Las Brisas"). Mr. Ortiz Blanes is a managing member of Las Brisas and may be deemed to beneficially own common stock of the Issuer held by Las Brisas. Mr. Ortiz Blanes 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. Ortiz Blanes is the beneficial owner of such securities for purposes of Sections 13 or 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.