Fermi Inc. 10% holder Toby R. Neugebauer sells $13M in FRMI shares
The 10% owner sold at an average of $1.70 a share, according to a Form 4 filed with the SEC on Nov 5.
Toby R. Neugebauer, a holder of more than 10% of Fermi Inc. (FRMI), sold 7,657,800 shares between Nov 3 and Nov 5 at an average price of $1.70, a total of about $13 million, according to a Form 4 filed on Nov 5.
The filing does not mark the sale as made under a Rule 10b5-1 trading plan. After the trade, the filing lists 126,890,286 shares held.
The trade was reported within two business days, as Section 16 requires.
The numbers below are taken from the Form 4 as filed with the SEC.
| Company | Fermi Inc. (FRMI) |
|---|---|
| Insider | Toby R. Neugebauer |
| Role | 10% owner |
| Transaction | Open-market sale (code S) |
| Shares | 7,657,800 |
| Average price | $1.70 |
| Value | $13,018,360 |
| Trade dates | Nov 3 to Nov 5, 2026 |
| Filed with the SEC | Nov 5, 2026, 8:26 PM ET |
| Shares held after | 126,890,286 |
| Ownership | Indirect |
| Rule 10b5-1 plan | Not marked in the filing |
View this Form 4 in Insider Stock Trader
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Source: SEC Form 4. Information only, not investment advice. Not affiliated with or endorsed by the U.S. Securities and Exchange Commission.
