Chief Site Development Officer sells 774,090 shares ($3.7M) at $4.74–$4.91 as FRMI sinks 85% from $32.53 peak, stock down 43.9% in 30 days.
Hamilton Charles Lynn executed 2 separate sales totaling 774,090 shares for $3,669,395.70 (blended average $4.74) on April 8–9, 2026, reducing his holdings by 12.3%. The transaction occurs against a backdrop of severe stock deterioration: FRMI trades at $4.87 versus a 52-week high of $32.53 (-85.0%), and has fallen 43.9% over the prior 30 days and 47.0% over 90 days. The company reported a full-year net loss of $346,812,000.00, signaling fundamental distress. A C-suite executive's sale of this magnitude during a sustained equity collapse, combined with unprofitability, warrants investor scrutiny of management confidence and cash runway.