Exercise4

Firefly Aerospace Inc.

Total Value

$454.3K

Filing Date

Sep 18, 2026

1 transactions

Trade Summary

On Aug 24, 2026 through Sep 17, 2026, Ma Darren, Insider, reported $454.3K of Firefly Aerospace Inc. (FLY) across 1 transactions. The filing covers Common Stock and reflects balanced net activity of $0. Reported prices ranged from $0.42 to $23.10. Insider transactions are sourced from SEC Form 4 disclosures and should be reviewed alongside company fundamentals and the insider's broader trading history.

Insider Information

Name: Ma Darren
Role: Insider
Location: CEDAR PARK, TX

Filing Details

Filing Date: Sep 18, 2026
Transaction Date: Aug 24, 2026
Accession Number: 0001193125-26-395865
Form Type: 4

Non-Derivative Transactions

Date	Security	Shares	Price	Type	Value
Aug 24, 2026	Common Stock	256	$23.10	Tax Withholding	$5.9K
Sep 16, 2026	Common Stock	18,309	$20.28	Tax Withholding	$371.3K
Sep 17, 2026	Common Stock	54,286	$0.42	Exercise	$23.0K
Sep 17, 2026	Common Stock	33,233	$0.49	Exercise	$16.2K

Derivative Transactions

Date	Security	Shares	Exercise Price	Type	Value
Sep 17, 2026	FLY derivative	54,286	$0.42	Exercise	$23.0K
Sep 17, 2026	FLY derivative	33,233	$0.45	Exercise	$14.9K

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Footnotes

(F1)Represents shares of common stock withheld by the Issuer to cover the reporting person's tax withholding obligation upon the vesting of restricted stock units.
(F2)All of the shares subject to the option are fully vested and exercisable as of the date hereof.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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
Estimated average burden
hours per response:			0.5

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 for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ma Darren

(Last)

(First)

(Middle)

C/O FIREFLY AEROSPACE INC.

1320 ARROW POINT DRIVE #109

(Street)

CEDAR PARK

78613

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Firefly Aerospace Inc. [ FLY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/24/2026		F		256⁽¹⁾	D	$23.1	260,687	D
Common Stock	09/16/2026		F		18,309⁽¹⁾	D	$20.28	242,378	D
Common Stock	09/17/2026		M		54,286	A	$0.4231	296,664	D
Common Stock	09/17/2026		M		33,233	A	$0.4882	329,897	D

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$0.4231	09/17/2026		M			54,286	⁽²⁾	08/05/2030	Common Stock	54,286	$0	0	D
Employee Stock Option (right to buy)	$0.4482	09/17/2026		M			33,233	⁽²⁾	01/07/2031	Common Stock	33,323	$0	0	D

Explanation of Responses:

1. Represents shares of common stock withheld by the Issuer to cover the reporting person's tax withholding obligation upon the vesting of restricted stock units.

2. All of the shares subject to the option are fully vested and exercisable as of the date hereof.

Remarks:

Exhibit 24.1 - Power of Attorney

	/s/ Nathan O'Konek, Attorney-in-fact	09/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.

Form 4 as rendered by the SEC from accession 0001193125-26-395865.

Firefly Aerospace Inc.

Trade Summary

Company Information

Insider Information

Filing Details

Non-Derivative Transactions

Derivative Transactions

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Footnotes

SEC Form 4

SEC Filing

SEC Form 4