Form 4: Terawulf CFO Patrick Fleury Disposes of Shares to Cover Taxes After PSU Vesting
SEC Form 4 Filing
Patrick Fleury, CFO of Terawulf Inc., disposed of 55,090 shares of common stock to cover taxes related to the vesting of performance stock units.
Summary
- On May 22, 2024, Patrick Fleury, the Chief Financial Officer of Terawulf Inc. (WULF), disposed of 55,090 shares of common stock.
- The disposition was due to withholding to cover taxes resulting from the vesting of performance stock units on May 20, 2024.
- Following the transaction, Fleury directly owns 1,666,359 shares of Terawulf Inc.
- Fleury also indirectly owns 26,414 shares through Teton Rough Riders Mining LLC, where he is a managing manager.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, transact in their company's stock. These filings provide transparency to the market regarding insider activity.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is primarily a personal financial matter for the CFO.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Performance stock units vested. |
| 05/22/2024 | Patrick Fleury disposed of 55,090 shares. |
| 05/24/2024 | Date of signature on the Form 4 filing. |
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