Fermi Inc. COO Jacobo Ortiz Blanes Sells 830,908 Shares in Tax-Related Transactions

Fermi Inc. (FRMI) Chief Operating Officer Jacobo Ortiz Blanes filed a Form 4 disclosing the sale of 830,908 shares of common stock over two days in April 2026. On April 8, 2026, he sold 403,545 shares at a weighted average price of $4.91 per share, and on April 9, 2026, he sold 427,363 shares at a weighted average price of $4.58 per share. These transactions were automatic "sell-to-cover" transactions executed by a broker to cover withholding taxes upon award vesting and share delivery. Following these sales, Ortiz Blanes directly holds 5,469,092 shares and indirectly holds 7,875,000 shares through Las Brisas Financial Services LLC, where he serves as managing member. The filing includes footnotes detailing the price ranges for the block trades and clarifying the nature of his indirect holdings.