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Fermi Inc. announced that on 20 August 2026, its Chief Operating Officer, Jacobo Ortiz Blanes, received an award of 147,059 unlisted restricted stock units (RSUs). This award was made at nil cost under the Company's 2025 Long Term Incentive Plan, with the RSUs generally vesting in one-third installments on the first, second, and third anniversaries of the grant date.
| Date | 28 Aug 2026 |
| Time | 17:46:59 |
| Category | Director/PDMR dealings |
| ID | 6999S |
28 August 2026
Fermi Inc.
PDMR dealings
Fermi Inc. (NASDAQ: FRMI) (LSE: FRMI) ("Fermi" or the "Company") announces that on 20 August 2026, the following award of unlisted restricted stock units over common stock of the Company of par value $0.001 per share ("Common Stock") ("RSUs") was made at nil cost under the Company's 2025 Long Term Incentive Plan to a certain person discharging managerial responsibility in the Company as listed below. The award will be subject to forfeiture whilst it remains restricted. The RSUs will vest on the dates indicated in the footnote to the following table.
|
Name |
Role |
Nature of transaction |
Amount of award |
|
Jacobo Ortiz Blanes |
Chief Operating Officer |
Award of RSUs |
147,0591 |
1Represents an award of RSUs that will generally vest in one-third installments on the first, second and third anniversaries of the date of grant, in each case subject to Mr. Ortiz's continued service relationship with the Company through such date.
This announcement is made in accordance with Article 19 of the UK Market Abuse Regulation.
About Fermi America™
Fermi America™ (Nasdaq/LSE: FRMI) develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders with a combined 25 GW of experience, to create one of the world's largest, 17 GW next-gen private grid, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and advanced computing. For additional information visit www.fermiamerica.com.
Investor Contact
Barry Sievert | [email protected]
Media Contact
Fermi Inc. Communications | [email protected]
|
1. |
Details of the Person discharging managerial responsibilities / person closely associated |
||
|
a) |
Name |
Jacobo Ortiz Blanes |
|
|
2. |
Reason for the notification |
||
|
a) |
Position / status |
Chief Operating Officer |
|
|
b) |
Initial notification / amendment |
Initial notification |
|
|
3. |
Details of the issuer, UK emission allowance market participant, auction platform or auctioneer |
||
|
a) |
Name |
Fermi Inc. |
|
|
b) |
LEI |
529900TSHBYBCFMYZ228 |
|
|
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||
|
a) |
Description of the financial instrument, type of instrument Identification code |
Unlisted restricted stock units over Common Stock, par value $0.001 per share, under the Company's 2025 Long Term Incentive Plan ("RSUs") N/A |
|
|
b) |
Nature of the transaction |
Award of RSUs |
|
|
c) |
Price(s) and volume(s) |
Price: Nil Volume: 147,059 |
|
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
N/A |
|
|
e) |
Date of the transaction |
20 August 2026 |
|
|
f) |
Place of the transaction |
Outside a trading venue |
|