WAVEMAN · COMPANY

FRMI · Fermi Inc.

LIVE

TEAM-2.62% 13F +440META+1.00% 13F +2,694RCG+0.35% CLUSTERUTHR-0.54% 13F +425CRWV+5.68% 13F +694CRM-1.97% 13F +1,019CVNA+1.58% 13F +795TPL-1.11% 13F +444NET-1.96% 13F +711MSTR-1.39% 13F +527DELL+1.50% 13F +1,204CRWD-0.87% 13F +1,383ANET+1.22% 13F +1,324COIN-4.18% 13F +475TEAM-2.62% 13F +440META+1.00% 13F +2,694RCG+0.35% CLUSTERUTHR-0.54% 13F +425CRWV+5.68% 13F +694CRM-1.97% 13F +1,019CVNA+1.58% 13F +795TPL-1.11% 13F +444NET-1.96% 13F +711MSTR-1.39% 13F +527DELL+1.50% 13F +1,204CRWD-0.87% 13F +1,383ANET+1.22% 13F +1,324COIN-4.18% 13F +475

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FRMI

Name: Fermi Inc. (FRMI) insider trading and ownership data
Creator: WaveMan
License: https://wave-man.com/terms

Fermi Inc.

INVESTMENT VEHICLES · REAL ESTATE INVESTMENT TRUSTS · CIK 0002071778

ACTIVIST 13D☆ WATCH

INSIDER NET · 180D

-$75.1M

open-market buys minus sells, Form 4 codes P and S

INSIDER BUYERS · 180D

CONGRESS BUYERS · 1Y

FUNDS ADDED · QTR

236

13F, latest reported quarter

REVENUE GROWTH

XBRL, annual

NET MARGIN

SEVEN FACTS, RANKED AGAINST THE SECTOR · RANK IS NOT A FORECAST

INSIDERS

net -$75.1M over 180 days

-$6.3M over 90 days · -$56.3M of it by a 10%+ holder

below 99% of Investment Vehicles

CONGRESS

no member of Congress has reported trading it

FUNDS

236 funds added or opened last quarter

more than 91% of Investment Vehicles

REVENUE

no revenue reported in any filing

MARGIN

no margin: this company reports no revenue to divide by

BUYBACKS

no share repurchases reported

SHORT

7.4% of shares outstanding short · 2.6 days to cover · settled 2026-07-31

more than 85% of Investment Vehicles

THE SITUATION · EVERY LINE IS ONE RULE OVER ONE DATASET

Insiders are net sellers: -$75.1M across 6 people in 180 days.

236 funds added or opened positions in the latest 13F quarter, of 296 holders.

Caddis Holdings, LP disclosed a 5%+ stake (9.1%) in the last six months.

The year, with the filings on it

Total return indexed to 100 over the last 12 months · every marker is a federal filing, placed at its date — hover any marker for the detail

TOTAL 12M RETURN -84.3%

-84.3%12M

INSIDER SELL13D/G STAKE

INDEXED RETURN, DIVIDEND-ADJUSTED — NOT A PRICE CHART · LARGE TRADES DRAWN FIRST WHEN A NAME FILES HEAVILY

Live price

Daily candles from TradingView, on their licence — no filings are marked on this one

WHY THIS NAME IS ON THE DESK

An activist crossed the 5% line with declared intent.

The record shows a net $75.1M sold by insiders over 180 days, 236 funds added last quarter. Every figure is a federal filing, dated the day it became public.

Backtest this pattern Open the screener

Same sector, ranked by filing activity

Sector from the SEC's own SIC classification

TPL EQIX BRT ACR IRM NYC IDCC SPG MDV MDRR DLB AAT

Insider transactions

Form 4 purchases and sales (codes P and S) — grants, option exercises and preferred conversions excluded

Over the last 180 days, Fermi Inc. insiders sold a net $75.1M of stock across 11 Form 4 purchases and sales, with 0 insider(s) buying. Source: SEC Form 4 filings, as of 2026-09-06.

INSIDER

FILED

VALUE

Perry James Richard

Director

SELL

2026-06-30

863,637.0

$6.3M

Uzman Mesut

Chief Nuclear Constr. Officer

SELL

2026-06-03

79,509.0

$501.7K

Uzman Mesut

Chief Nuclear Constr. Officer

SELL

2026-06-03

79,032.0

$498.7K

Hamilton Charles Lynn

Chief Site Development Officer

SELL

2026-04-09

398,140.0

$1.8M

Ortiz Blanes Jacobo

Chief Operating Officer

SELL

2026-04-09

427,363.0

$2.0M

11 TRANSACTIONS ON RECORD

Showing the most recent few. Create a free account to see 6 more transactions on record, the cross-source screener and CSV export. We store only your email address, and there is no password to create.

Institutional holders

13F · holdings as of the latest quarter funds have reported

SRS Investment Management, LLC

20,205,579.0 sh

$185.1M

CITADEL ADVISORS LLC

8,587,055.0 sh

$78.7M

Point72 Asset Management, L.P.

7,036,123.0 sh

$64.5M

D. E. Shaw & Co., Inc.

5,418,891.0 sh

$49.6M

MILLENNIUM MANAGEMENT LLC

4,303,619.0 sh

$39.4M

5%+ owners

13D = intent to influence · 13G = passive

Caddis Holdings, LP

ACTIVIST 13D · 2026-05-15

9.1%

Perry Griffin

ACTIVIST 13D · 2026-05-15

9.1%

FORM 144

No planned-sale notices

No insider has notified an intent to sell. This is the panel to watch after a run-up.

Fund concentration

N-PORT · funds ranked by how much of THEMSELVES they put in this stock — the conviction number 13F cannot show

NexPoint Event Driven Fund

$1.4M POSITION · AS OF 2026-03-31

1.8%

Davis Real Estate Fund

$1.4M POSITION · AS OF 2026-03-31

1.2%

Tortoise AI Infrastructure ETF

$801.6K POSITION · AS OF 2026-02-28

1.0%

Tortoise Energy Fund

$4.9M POSITION · AS OF 2026-02-28

0.9%

Sovereign's Capital Flourish Fund

$764.2K POSITION · AS OF 2026-04-30

0.8%

Tortoise Electrification Infrastructure ETF

$1.0M POSITION · AS OF 2026-02-28

0.7%

SEC N-PORT, MONTHLY WITH A ~60-DAY PUBLIC LAG · FUNDS ≥ $10M · % = SHARE OF THE FUND'S OWN BOOK

Fundamentals

Annual figures from XBRL filings · pick a past date to see them exactly as the market knew them then — restatements and all

	2025-12
OPERATING INCOME	$-177.8M
NET INCOME	$-486.4M
EPS (DILUTED)	-1.13
OPERATING CASH FLOW	$-34.2M
CASH	$408.5M
LONG-TERM DEBT	$149.0M

SEC XBRL · FISCAL-YEAR PERIODS · AS KNOWN ON 2026-09-06 · NOBODY ELSE SHOWS FUNDAMENTALS AS OF A PAST DATE