The new 6π‐electron four‐membered ring compound 3‐fluoro‐1λ2,2,4,3λ3‐thiadiazaphosphetidine, FP(μ‐N)2S, has been generated in the gas phase through high‐vacuum flash pyrolysis (HVFP) of thiophosphoryl diazide, FP(S)(N3)2, at 1000 K. Subsequent isolation of FP(μ‐N)2S in cryogenic matrices (Ar, Ne, and N2) allows its characterization with matrix‐isolation IR and UV‐vis spectroscopy by combination with 15N‐isotope labeling and computations at the CCSD(T)‐F12a/VTZ‐F12 level of theory. Upon visible‐light irradiation at 550 nm, this cyclic compound undergoes ring‐opening to the thiazyl isomer FPNSN, followed by dissociation to FP and SN2 under subsequent UV‐irradiation at 365 nm. In sharp contrast to the square planar structure for the isolobal four‐membered ring S2N2, a puckered structure with significant biradical character has been found for FP(μ‐N)2S.