Ma Darren 4

What Happened

• Darren Ma, Chief Financial Officer of Firefly Aerospace (FLY), was granted restricted stock units (RSUs) in two awards: 768 RSUs on 2025-08-24 and 26,629 RSUs on 2026-03-10, for a total of 27,397 RSUs. Each grant is reported with an acquisition price of $0 (standard for RSU awards); no cash was paid by the insider. These are awards under the company’s 2025 Omnibus Incentive Plan and are recorded on the Form 4 filed 2026-03-12 (Accession No. 0001193125-26-104267).

Key Details

• Transaction types: A = Award/Grant (RSUs).
• Dates and amounts: 2025-08-24 — 768 RSUs @ $0; 2026-03-10 — 26,629 RSUs @ $0.
• Total shares granted: 27,397 RSUs.
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — RSUs vest 1/3 at one year, then 1/12 quarterly so they fully vest at the third anniversary, subject to continued employment.
• Filing timeliness: Form 4 was filed 2026-03-12. The Aug 24, 2025 grant was reported late in this filing; the Mar 10, 2026 grant appears to be reported within the typical two-business-day window.

Context

• RSU grants are compensation awards, not open-market purchases or sales; they represent a future right to receive shares if vesting conditions are met and do not require immediate cash from the insider. Vesting is tied to continued employment per the plan terms, so these grants reflect compensation structure rather than an immediate market trade.