FERMI INC

Ticker: FRMI CUSIP: 314911108 Class: Common Stock

Philadelphia Financial Management of San Francisco, LLC's Holding History (CIK: 0001351407)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 677,866 Value ($000) $5,423 Avg Close $19.51 Range $7.28 - $36.99

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	677,866	$5,423	$19.51	$7.28 - $36.99