FRVO · Fervo Energy Co · Insider Trading

The stock option vested as to 25% of the underlying shares on November 29, 2023, and will vest thereafter in 36 substantial equal monthly installments.

The number in Column 9 in Table II is reflected to update certain administrative errors created by share count miscalculations.

Upon the closing of the Issuer's initial public offering, each share of Series D-1 Preferred Stock, Series D-2 Preferred Stock, Series D-3 Preferred Stock and Series E-1 Preferred Stock (collectively, the "Preferred Stock") automatically converted into 0.7194 shares of the Issuer's Class A common stock, par value $0.0001 per share (the "Class A Common Stock"). The shares of Preferred Stock had no expiration date.

Devon Technology Ventures Holdings, L.L.C., a wholly-owned subsidiary of Devon Energy Corporation, is the record holder of the securities listed in this Form 4.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

The RSUs will vest in full on the earlier of the Issuer's 2027 Annual Meeting or May 14, 2027.

Upon the closing of the Issuer's initial public offering, each share of Series D-1 Preferred Stock, Series D-2 Preferred Stock, Series D-3 Preferred Stock and Series E-1 Preferred Stock (collectively, the "Preferred Stock") automatically converted into 0.7194 shares of the Issuer's Class A common stock, par value $0.0001 per share (the "Class A Common Stock"). The shares of Preferred Stock had no expiration date.

Devon Technology Ventures Holdings, L.L.C., a wholly-owned subsidiary of Devon Energy Corporation, is the record holder of the securities listed in this Form 4.

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.

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.

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.

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.

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.

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.

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 has no expiration date.

Following the transactions reported herein, consists of (i) 12,055,467 shares of Class A Common Stock held by Technology Impact Fund, LP, (ii) 14,962,430 shares of Class A Common Stock held by Technology Impact Growth Fund, II, L.P., (iii) 5,448,761 shares of Class A Common Stock held by TIGF II Direct Strategies LLC - Series 5 and (iv) 1,760,732 shares of Class A Common Stock held by TIGF II Direct Strategies LLC - Series 7.

TIF Partners, LLC is the general partner of Technology Impact Fund, LP and TIGF Partners II, LLC is the general partner of Technology Impact Growth Fund, II, L.P. and the manager of (i) TIGF II Direct Strategies LLC - Series 5 and (ii) TIGF II Direct Strategies LLC - Series 7. Ion Yadigaroglu, as a manager of TIF Partners, LLC and TIGF Partners II, LLC, shares the power to vote and dispose of the shares held by Technology Impact Fund, LP, Technology Impact Growth Fund, II, L.P., TIGF II Direct Strategies LLC - Series 5 and TIGF II Direct Strategies LLC - Series 7. Ion Yadigaroglu disclaims beneficial ownership of such holdings, except to the extent of his pecuniary interest in the shares.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

The RSUs will vest in full on the earlier of the Issuer's 2027 Annual Meeting or May 14, 2027.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

The RSUs will vest in full on the earlier of the Issuer's 2027 Annual Meeting or May 14, 2027.

Upon the closing of the Issuer's initial public offering, each share of Series D-1 Preferred Stock, Series D-2 Preferred Stock, Series D-3 Preferred Stock and Series E-1 Preferred Stock (collectively, the "Preferred Stock") automatically converted into 0.7194 shares of the Issuer's Class A common stock, par value $0.0001 per share (the "Class A Common Stock"). The shares of Preferred Stock had no expiration date.

Devon Technology Ventures Holdings, L.L.C., a wholly-owned subsidiary of Devon Energy Corporation, is the record holder of the securities listed in this Form 4.

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.

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.

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 has no expiration date.

Following the transactions reported herein, consists of (i) 12,055,467 shares of Class A Common Stock held by Technology Impact Fund, LP, (ii) 14,962,430 shares of Class A Common Stock held by Technology Impact Growth Fund, II, L.P., (iii) 5,448,761 shares of Class A Common Stock held by TIGF II Direct Strategies LLC - Series 5 and (iv) 1,760,732 shares of Class A Common Stock held by TIGF II Direct Strategies LLC - Series 7.

TIF Partners, LLC is the general partner of Technology Impact Fund, LP and TIGF Partners II, LLC is the general partner of Technology Impact Growth Fund, II, L.P. and the manager of (i) TIGF II Direct Strategies LLC - Series 5 and (ii) TIGF II Direct Strategies LLC - Series 7. Ion Yadigaroglu, as a manager of TIF Partners, LLC and TIGF Partners II, LLC, shares the power to vote and dispose of the shares held by Technology Impact Fund, LP, Technology Impact Growth Fund, II, L.P., TIGF II Direct Strategies LLC - Series 5 and TIGF II Direct Strategies LLC - Series 7. Ion Yadigaroglu disclaims beneficial ownership of such holdings, except to the extent of his pecuniary interest in the shares.

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 has no expiration date.

Following the transactions reported herein, consists of (i) 12,055,467 shares of Class A Common Stock held by Technology Impact Fund, LP, (ii) 14,962,430 shares of Class A Common Stock held by Technology Impact Growth Fund, II, L.P., (iii) 5,448,761 shares of Class A Common Stock held by TIGF II Direct Strategies LLC - Series 5 and (iv) 1,760,732 shares of Class A Common Stock held by TIGF II Direct Strategies LLC - Series 7.

TIF Partners, LLC is the general partner of Technology Impact Fund, LP and TIGF Partners II, LLC is the general partner of Technology Impact Growth Fund, II, L.P. and the manager of (i) TIGF II Direct Strategies LLC - Series 5 and (ii) TIGF II Direct Strategies LLC - Series 7. Ion Yadigaroglu, as a manager of TIF Partners, LLC and TIGF Partners II, LLC, shares the power to vote and dispose of the shares held by Technology Impact Fund, LP, Technology Impact Growth Fund, II, L.P., TIGF II Direct Strategies LLC - Series 5 and TIGF II Direct Strategies LLC - Series 7. Ion Yadigaroglu disclaims beneficial ownership of such holdings, except to the extent of his pecuniary interest in the shares.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 has no expiration date.

Following the transactions reported herein, consists of (i) 12,055,467 shares of Class A Common Stock held by Technology Impact Fund, LP, (ii) 14,962,430 shares of Class A Common Stock held by Technology Impact Growth Fund, II, L.P., (iii) 5,448,761 shares of Class A Common Stock held by TIGF II Direct Strategies LLC - Series 5 and (iv) 1,760,732 shares of Class A Common Stock held by TIGF II Direct Strategies LLC - Series 7.

TIF Partners, LLC is the general partner of Technology Impact Fund, LP and TIGF Partners II, LLC is the general partner of Technology Impact Growth Fund, II, L.P. and the manager of (i) TIGF II Direct Strategies LLC - Series 5 and (ii) TIGF II Direct Strategies LLC - Series 7. Ion Yadigaroglu, as a manager of TIF Partners, LLC and TIGF Partners II, LLC, shares the power to vote and dispose of the shares held by Technology Impact Fund, LP, Technology Impact Growth Fund, II, L.P., TIGF II Direct Strategies LLC - Series 5 and TIGF II Direct Strategies LLC - Series 7. Ion Yadigaroglu disclaims beneficial ownership of such holdings, except to the extent of his pecuniary interest in the shares.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

The RSUs will vest in full on the earlier of the Issuer's 2027 Annual Meeting or May 14, 2027.

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 has no expiration date.

Following the transactions reported herein, consists of (i) 12,055,467 shares of Class A Common Stock held by Technology Impact Fund, LP, (ii) 14,962,430 shares of Class A Common Stock held by Technology Impact Growth Fund, II, L.P., (iii) 5,448,761 shares of Class A Common Stock held by TIGF II Direct Strategies LLC - Series 5 and (iv) 1,760,732 shares of Class A Common Stock held by TIGF II Direct Strategies LLC - Series 7.

TIF Partners, LLC is the general partner of Technology Impact Fund, LP and TIGF Partners II, LLC is the general partner of Technology Impact Growth Fund, II, L.P. and the manager of (i) TIGF II Direct Strategies LLC - Series 5 and (ii) TIGF II Direct Strategies LLC - Series 7. Ion Yadigaroglu, as a manager of TIF Partners, LLC and TIGF Partners II, LLC, shares the power to vote and dispose of the shares held by Technology Impact Fund, LP, Technology Impact Growth Fund, II, L.P., TIGF II Direct Strategies LLC - Series 5 and TIGF II Direct Strategies LLC - Series 7. Ion Yadigaroglu disclaims beneficial ownership of such holdings, except to the extent of his pecuniary interest in the shares.

Upon the closing of the Issuer's initial public offering, each share of Series D-1 Preferred Stock, Series D-2 Preferred Stock, Series D-3 Preferred Stock and Series E-1 Preferred Stock (collectively, the "Preferred Stock") automatically converted into 0.7194 shares of the Issuer's Class A common stock, par value $0.0001 per share (the "Class A Common Stock"). The shares of Preferred Stock had no expiration date.

Devon Technology Ventures Holdings, L.L.C., a wholly-owned subsidiary of Devon Energy Corporation, is the record holder of the securities listed in this Form 4.

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 has no expiration date.

Following the transactions reported herein, consists of (i) 12,055,467 shares of Class A Common Stock held by Technology Impact Fund, LP, (ii) 14,962,430 shares of Class A Common Stock held by Technology Impact Growth Fund, II, L.P., (iii) 5,448,761 shares of Class A Common Stock held by TIGF II Direct Strategies LLC - Series 5 and (iv) 1,760,732 shares of Class A Common Stock held by TIGF II Direct Strategies LLC - Series 7.

TIF Partners, LLC is the general partner of Technology Impact Fund, LP and TIGF Partners II, LLC is the general partner of Technology Impact Growth Fund, II, L.P. and the manager of (i) TIGF II Direct Strategies LLC - Series 5 and (ii) TIGF II Direct Strategies LLC - Series 7. Ion Yadigaroglu, as a manager of TIF Partners, LLC and TIGF Partners II, LLC, shares the power to vote and dispose of the shares held by Technology Impact Fund, LP, Technology Impact Growth Fund, II, L.P., TIGF II Direct Strategies LLC - Series 5 and TIGF II Direct Strategies LLC - Series 7. Ion Yadigaroglu disclaims beneficial ownership of such holdings, except to the extent of his pecuniary interest in the shares.

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 has no expiration date.

Following the transactions reported herein, consists of (i) 12,055,467 shares of Class A Common Stock held by Technology Impact Fund, LP, (ii) 14,962,430 shares of Class A Common Stock held by Technology Impact Growth Fund, II, L.P., (iii) 5,448,761 shares of Class A Common Stock held by TIGF II Direct Strategies LLC - Series 5 and (iv) 1,760,732 shares of Class A Common Stock held by TIGF II Direct Strategies LLC - Series 7.

TIF Partners, LLC is the general partner of Technology Impact Fund, LP and TIGF Partners II, LLC is the general partner of Technology Impact Growth Fund, II, L.P. and the manager of (i) TIGF II Direct Strategies LLC - Series 5 and (ii) TIGF II Direct Strategies LLC - Series 7. Ion Yadigaroglu, as a manager of TIF Partners, LLC and TIGF Partners II, LLC, shares the power to vote and dispose of the shares held by Technology Impact Fund, LP, Technology Impact Growth Fund, II, L.P., TIGF II Direct Strategies LLC - Series 5 and TIGF II Direct Strategies LLC - Series 7. Ion Yadigaroglu disclaims beneficial ownership of such holdings, except to the extent of his pecuniary interest in the shares.

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.

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.

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.

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.

Upon the closing of the Issuer's initial public offering, each share of Series D-1 Preferred Stock, Series D-2 Preferred Stock, Series D-3 Preferred Stock and Series E-1 Preferred Stock (collectively, the "Preferred Stock") automatically converted into 0.7194 shares of the Issuer's Class A common stock, par value $0.0001 per share (the "Class A Common Stock"). The shares of Preferred Stock had no expiration date.

Devon Technology Ventures Holdings, L.L.C., a wholly-owned subsidiary of Devon Energy Corporation, is the record holder of the securities listed in this Form 4.

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.

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.

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.

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.

Upon the closing of the Issuer's initial public offering, each share of Series D-1 Preferred Stock, Series D-2 Preferred Stock, Series D-3 Preferred Stock and Series E-1 Preferred Stock (collectively, the "Preferred Stock") automatically converted into 0.7194 shares of the Issuer's Class A common stock, par value $0.0001 per share (the "Class A Common Stock"). The shares of Preferred Stock had no expiration date.

Devon Technology Ventures Holdings, L.L.C., a wholly-owned subsidiary of Devon Energy Corporation, is the record holder of the securities listed in this Form 4.

Upon the closing of the Issuer's initial public offering, each share of Series D-1 Preferred Stock, Series D-2 Preferred Stock, Series D-3 Preferred Stock and Series E-1 Preferred Stock (collectively, the "Preferred Stock") automatically converted into 0.7194 shares of the Issuer's Class A common stock, par value $0.0001 per share (the "Class A Common Stock"). The shares of Preferred Stock had no expiration date.

Devon Technology Ventures Holdings, L.L.C., a wholly-owned subsidiary of Devon Energy Corporation, is the record holder of the securities listed in this Form 4.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

The RSUs will vest in full on the earlier of the Issuer's 2027 Annual Meeting or May 14, 2027.

Upon the closing of the Issuer's initial public offering, each share of Series D-1 Preferred Stock, Series D-2 Preferred Stock, Series D-3 Preferred Stock and Series E-1 Preferred Stock (collectively, the "Preferred Stock") automatically converted into 0.7194 shares of the Issuer's Class A common stock, par value $0.0001 per share (the "Class A Common Stock"). The shares of Preferred Stock had no expiration date.

Devon Technology Ventures Holdings, L.L.C., a wholly-owned subsidiary of Devon Energy Corporation, is the record holder of the securities listed in this Form 4.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

The RSUs will vest in full on the earlier of the Issuer's 2027 Annual Meeting or May 14, 2027.

This transaction occurred prior to the Issuer's registration of a class of equity securities under Section 12 of the Securities Exchange Act of 1934, as amended, in connection with the Issuer's initial public offering, and is reported herein pursuant to Rule 16a-2(a).

The stock option will vest in 12 substantially equal monthly installments starting on January 23, 2026.

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 has no expiration date.

This transaction occurred prior to the Issuer's registration of a class of equity securities under Section 12 of the Securities Exchange Act of 1934, as amended, in connection with the Issuer's initial public offering, and is reported herein pursuant to Rule 16a-2(a).

Following the transactions reported herein, consists of (i) 12,055,467 shares of Class A Common Stock held by Technology Impact Fund, LP, (ii) 14,962,430 shares of Class A Common Stock held by Technology Impact Growth Fund, II, L.P., (iii) 5,448,761 shares of Class A Common Stock held by TIGF II Direct Strategies LLC - Series 5 and (iv) 1,760,732 shares of Class A Common Stock held by TIGF II Direct Strategies LLC - Series 7.

TIF Partners, LLC is the general partner of Technology Impact Fund, LP and TIGF Partners II, LLC is the general partner of Technology Impact Growth Fund, II, L.P. and the manager of (i) TIGF II Direct Strategies LLC - Series 5 and (ii) TIGF II Direct Strategies LLC - Series 7. Ion Yadigaroglu, as a manager of TIF Partners, LLC and TIGF Partners II, LLC, shares the power to vote and dispose of the shares held by Technology Impact Fund, LP, Technology Impact Growth Fund, II, L.P., TIGF II Direct Strategies LLC - Series 5 and TIGF II Direct Strategies LLC - Series 7. Ion Yadigaroglu disclaims beneficial ownership of such holdings, except to the extent of his pecuniary interest in the shares.