COO Ortiz Blanes Jacobo sold 830,908 shares for $3,938,728.49 as stock down 85% from 52-week high
Ortiz Blanes Jacobo, Chief Operating Officer of Fermi Inc., executed 2 separate sales totaling 830,908 shares for $3,938,728.49 on consecutive days (April 8–9, 2026), reducing his holdings by 13.2% from 6,300,000 shares to 5,469,092 shares. This sale occurred in a severely distressed context: the stock is currently trading 85.0% below its 52-week high of $32.53, has declined 43.9% over 30 days and 47.0% over 90 days, and the company reported a negative net income of $-346,812,000.00 for its most recent full fiscal year. The disposal of material holdings by a chief operating officer during a period of sharp price deterioration and documented unprofitability merits investor attention regarding management's view of near-term prospects.