Fermi's Largest Holder Notices Sale of 2.56M More Shares (~$5.2M)
FRMI is trading near its 52-week low of $2 (3.5% above the low).
Summary
Fermi's largest shareholder group filed notice to sell another 2.56M shares (~$5.2M), adding to 4.47M shares ($15.6M) already sold in the past three months.
Key Events · Ownership and Investor Activity · FRMI
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New 2.56M-Share Sale Notice
Toby Neugebauer, a 10% stockholder, noticed intent to sell 2,563,800 shares worth approximately $5,217,333, split evenly between Vicksburg Investments Management LLC and the Melissa A. Neugebauer 2020 Trust.
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Prior Sales Total $15.6M
Over the past three months, 4,467,949 shares were already sold: 2,750,000 on 10/13/2026 for $10,266,575, 1,297,200 on 10/14/2026 for $4,089,293.28, and 420,749 on 10/20/2026 for $1,277,225.66.
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Supply Pressure at 52-Week Low
The notice comes with the stock at $2.07 against a 52-week low of $2.00, and on the same day reports said the TensorWave lease did not become effective after closing conditions went unsatisfied.
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Company Gets No Proceeds
These are open-market sales by existing holders; Fermi receives none of the cash despite the going-concern warning disclosed in the Q2 10-Q.
Analysis · FRMI · Real Estate & Construction
Toby Neugebauer's vehicles are lining up another 2,563,800 shares for sale, roughly $5.2M at the $2.07 price, on top of 4,467,949 shares already sold for $15.6M since mid-October. That is sustained selling by the company's largest shareholder group into a stock sitting at its 52-week low, and it lands the same day news broke that the TensorWave lease never became effective. Because the proceeds go to the sellers, not the company, this is pure supply pressure on a name that already carries a going-concern warning and a material weakness from the Q2 10-Q.
How filings like this one have moved
In the 30 days to Nov 3, 2026, 32.3% of the 2077 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FRMI was trading at $2.07 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $2.00 to $29.31. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.