{
  "id": 14811682,
  "title": "Fermi director Toby Neugebauer sells $14.3m in common stock",
  "url": "https://urgent.news/2026/10/15/fermi-director-toby-neugebauer-sells-14-3m-in-common-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T22:46:04.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/fermi-director-toby-neugebauer-sells-143m-in-common-stock-93CH-4952795"
  },
  "original_language": "en",
  "account": "Fermi Inc. (FRMI) director Toby Neugebauer sold a total of approximately $14.3 million worth of common stock on October 13 and 14, 2026. The transactions took place at prices ranging from $3.1524 to $3.7333 per share. On October 13, Neugebauer disposed of 2.75 million shares at an average price of $3.7333, reducing the number of shares beneficially owned by his spouse's trust to 91.61 million shares. The next day, he sold an additional 1.297 million shares at an average price of $3.1524, decreasing the shares owned by his investment management company to 43.36 million shares. Despite the stock's current price of $3.40, which is 89% lower than its 52-week high of $31.47, InvestingPro analysis suggests the stock may still be undervalued. Fermi reported a second-quarter loss of $0.04 per share, falling short of market expectations. The company is developing its Project Matador power campus for AI customers but has not disclosed revenue figures. However, Fermi has secured significant financing, including a $431 million convertible note offering and a potential $6.5 billion long-term agreement with TensorWave. Texas Capital Securities has maintained a Buy rating for FRMI with a price target of $20.00 after the AMD deal.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}