Fervo Energy Co.

05/18/2026 | Press release | Distributed by Public on 05/18/2026 14:59

Statement of Changes in Beneficial Ownership (Form 4)

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
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(Print or Type Responses)
1. Name and Address of Reporting Person *
TIF Partners, LLC
2. Issuer Name and Ticker or Trading Symbol
Fervo Energy Co [FRVO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O CAPRICORN INVESTMENT GROUP, LLC, 512 WEST 22ND STREET, 6TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026
(Street)
NEW YORK, NY 10011
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 05/14/2026 C 12,055,467 A (1) 12,055,467 I By Technology Impact Fund, LP(2)
Class A Common Stock 05/14/2026 C 14,962,430 A (1) 14,962,430 I By Technology Impact Growth Fund II, LP(3)
Class A Common Stock 05/14/2026 C 5,448,761 A (1) 5,448,761 I By TIGF II Direct Strategies LLC - Series 5(4)
Class A Common Stock 05/14/2026 C 1,760,732 A (1) 1,760,732 I By TIGF II Direct Strategies LLC - Series 7(5)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series B Preferred Stock (1) 05/14/2026 C 6,368,028 (1) (1) Class A Common Stock 6,368,028 (1) 0 I By Technology Impact Fund, LP(2)
Series C-1 Preferred Stock (1) 05/14/2026 C 8,523,393 (1) (1) Class A Common Stock 8,523,393 (1) 0 I By Technology Impact Growth Fund II, LP(3)
Series C-3 Preferred Stock (1) 05/14/2026 C 4,266,992 (1) (1) Class A Common Stock 4,266,992 (1) 0 I By Technology Impact Fund, LP(2)
Series D-1 Preferred Stock (1) 05/14/2026 C 1,420,447 (1) (1) Class A Common Stock 1,420,447 (1) 0 I By Technology Impact Fund, LP(2)
Series D-1 Preferred Stock (1) 05/14/2026 C 2,840,894 (1) (1) Class A Common Stock 2,840,894 (1) 0 I By Technology Impact Growth Fund II, LP(3)
Series D-3 Preferred Stock (1) 05/14/2026 C 2,724,380 (1) (1) Class A Common Stock 2,724,380 (1) 0 I By Technology Impact Growth Fund II, LP(3)
Series D-3 Preferred Stock (1) 05/14/2026 C 5,448,761 (1) (1) Class A Common Stock 5,448,761 (1) 0 I By TIGF II Direct Strategies LLC - Series 5(4)
Series E-1 Preferred Stock (1) 05/14/2026 C 873,763 (1) (1) Class A Common Stock 873,763 (1) 0 I By Technology Impact Growth Fund II, LP(3)
Series E-1 Preferred Stock (1) 05/14/2026 C 1,760,732 (1) (1) Class A Common Stock 1,760,732 (1) 0 I By TIGF II Direct Strategies LLC - Series 7(5)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
TIF Partners, LLC
C/O CAPRICORN INVESTMENT GROUP, LLC
512 WEST 22ND STREET, 6TH FLOOR
NEW YORK, NY 10011
X
Technology Impact Fund, LP
C/O CAPRICORN INVESTMENT GROUP, LLC
512 WEST 22ND STREET, 6TH FLOOR
NEW YORK, NY 10011
X
TIGF II Direct Strategies LLC - Series 7
C/O CAPRICORN INVESTMENT GROUP, LLC
512 WEST 22ND STREET, 6TH FLOOR
NEW YORK, NY 10011
X
Saluja Dipender
C/O CAPRICORN INVESTMENT GROUP, LLC
512 WEST 22ND STREET, 6TH FLOOR
NEW YORK, NY 10011
X

Signatures

TIF Partners, LLC, By /s/ Dipender Saluja, Manager 05/18/2026
**Signature of Reporting Person Date
Technology Impact Fund, LP, By TIF Partners, LLC, its General Partner, By /s/ Dipender Saluja, Manager 05/18/2026
**Signature of Reporting Person Date
TIGF II Direct Strategies LLC - Series 7, By TIGF Partners II, LLC, its Manager, By /s/ Dipender Saluja, Manager 05/18/2026
**Signature of Reporting Person Date
/s/ Dipender Saluja 05/18/2026
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Each share of the Series B, Series C-1, Series C-3, Series D-1, Series D-3 and Series E-1 Preferred Stock converted into Class A Common Stock immediately prior to the completion of the Issuer's initial public offering pursuant to its terms and had no expiration date.
(2) Securities are held directly by Technology Impact Fund, LP ("TIF I"). TIF Partners, LLC ("TIF Partners I") is the general partner of TIF I and Ion Yadigaroglu and Dipender Saluja are the managers of TIF Partners I. Each of TIF Partners I and Messrs. Yadigaroglu and Saluja may be deemed to to beneficially own the securities held by TIF I. Each of TIF Partners I and Mr. Saluja disclaims beneficial ownership of such securities except to the extent of its or his respective pecuniary interest therein. Mr. Yadigaroglu is a director of the Issuer and files separate Section 16 reports.
(3) Securities are held directly by Technology Impact Growth Fund II, LP ("TIGF II"). TIGF Partners II, LLC ("TIGF Partners II") is the general partner of TIGF II and Ion Yadigaroglu and Dipender Saluja are the managers of TIGF Partners II. Each of TIGF Partners II and Messrs. Yadigaroglu and Saluja may be deemed to to beneficially own the securities held by TIGF II. Each of TIGF Partners II and Mr. Saluja disclaims beneficial ownership of such securities except to the extent of its or his respective pecuniary interest therein. Mr. Yadigaroglu is a director of the Issuer and files separate Section 16 reports.
(4) Securities are held directly by TIGF II Direct Strategies LLC - Series 5 ("TIGF II DS 5"). TIGF Partners II is the manager of TIGF II DS 5 and Ion Yadigaroglu and Dipender Saluja are the managers of TIGF Partners II. Each of TIGF Partners II and Messrs. Yadigaroglu and Saluja may be deemed to to beneficially own the securities held by TIGF II DS 5. Each of TIGF Partners II and Mr. Saluja disclaims beneficial ownership of such securities except to the extent of its or his respective pecuniary interest therein. Mr. Yadigaroglu is a director of the Issuer and files separate Section 16 reports.
(5) Securities are held directly by TIGF II Direct Strategies LLC - Series 7 ("TIGF II DS 7"). TIGF Partners II is the manager of TIGF II DS 7 and Ion Yadigaroglu and Dipender Saluja are the managers of TIGF Partners II. Each of TIGF Partners II and Messrs. Yadigaroglu and Saluja may be deemed to to beneficially own the securities held by TIGF II DS 7. Each of TIGF Partners II and Mr. Saluja disclaims beneficial ownership of such securities except to the extent of its or his respective pecuniary interest therein. Mr. Yadigaroglu is a director of the Issuer and files separate Section 16 reports.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
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