Form 4: Terawulf CAO's RSU Vesting and Tax Withholding

Terawulf Inc.'s Chief Accounting Officer, William Joseph Tanimoto, reported the vesting of restricted stock units and subsequent tax-related share disposition.

Summary

• William Joseph Tanimoto, Chief Accounting Officer of Terawulf Inc., reported transactions related to his beneficial ownership.
• On January 9, 2026, 16,667 restricted stock units (RSUs) vested, representing a contingent right to receive one share of common stock per unit.
• Following the vesting, 16,667 shares of common stock were acquired.
• Concurrently, 5,296 shares of common stock were disposed of due to withholding to cover taxes, resulting from an election of net settlement with regard to the vesting.
• After these transactions, Mr. Tanimoto beneficially owns 38,898 shares of common stock directly.
• Additionally, 16,666 derivative securities (remaining restricted stock units) are beneficially owned directly.

Sentiment

Score: 5

Explanation: The filing reports a routine executive compensation event (RSU vesting and tax-related share disposition) which is neutral in sentiment, reflecting standard corporate practice rather than new positive or negative developments.

Positives

• The vesting of 16,667 restricted stock units represents a scheduled compensation event for the Chief Accounting Officer, aligning management's interests with shareholders.

Negatives

• A disposition of 5,296 shares occurred to cover tax obligations, which slightly reduces the officer's direct share ownership post-vesting.

Risks

• Future vesting of remaining restricted stock units is contingent upon the reporting person's continued employment or service with Terawulf Inc. through the vesting dates.

Future Outlook

The remaining restricted stock units will vest upon the third anniversary of January 9, 2024, subject to the Chief Accounting Officer's continued employment or service with Terawulf Inc. through that date.

Industry Context

This transaction is a routine executive compensation event, common across publicly traded companies, where restricted stock units vest over time to incentivize long-term employee retention and align management interests with shareholder value.

Stakeholder Impact

• Shareholders: Minor, routine impact as it reflects standard executive compensation practices and aligns management incentives.
• Employees: Reinforces the company's compensation structure for key executives.
• Management: Direct impact on the Chief Accounting Officer's personal equity holdings and compensation.

Next Steps

• Vesting of remaining restricted stock units upon the third anniversary of January 9, 2024, contingent on continued employment.

Key Dates

Keywords

Terawulf, WULF, Form 4, insider transaction, restricted stock units, RSU vesting, executive compensation, stock ownership, William Tanimoto