FRMI Fermi Inc. Insider Trading

Director James Richard Perry disposes of 863,637 shares (863.6K shares) of FRMI at $7.31 via private placement; retains 15,827,807 shares (15.83M shares).

James Richard Perry divested 863,637 shares at $7.31, a private placement transaction that reduced his stake from 16,691,444 shares to 15,827,807 shares. The transaction occurs against a backdrop where FRMI's current price of $8.06 sits -78.2% from its 52-week high of $36.99, though the stock has rallied +22.1% over the past 30 days and +50.5% over 90 days. The company reported a negative net income of $-188,693,000.00 for its most recent full fiscal year, indicating ongoing unprofitability. Because this disposal is structured as a private placement rather than a discretionary open-market sale, it does not reflect a timing decision or conviction-driven transaction, and should not be interpreted as such.

10% owner Perry Griffin sold 11,000,000 shares for $56.3M as stock tumbled 83.5% from 52-week high

Perry Griffin, a 10% owner of Fermi Inc., executed 2 separate sales totaling 11,000,000 shares for $56,268,500.00 on March 30–31, 2026, at a blended average price of $5.12. This liquidation reduced his stake by 15.3% from 71,946,450 shares to 60,946,450 shares. The timing is notable: the stock is currently -83.5% from its 52-week high of $32.53, down 47.4% over the past 30 days. Fermi is operationally distressed, reporting a net income of $-346,812,000.00 for its most recent full fiscal year. While Griffin's cross-ticker track record shows strong results (6 prior buys averaging 80.00% 90-day win rate), this sale occurs amid both severe equity depreciation and confirmed unprofitability at the company level, warranting investigation into Griffin's private information and the adequacy of current market pricing.