Form 4: Terawulf CFO Patrick Fleury Reports Stock Transactions
SEC Form 4 Filing
Patrick Fleury, CFO of Terawulf Inc., reports acquisition and disposition of company stock due to vesting of restricted shares and tax withholding.
Summary
- On October 31, 2024, Patrick Fleury, the CFO of Terawulf Inc., acquired 1,000,000 shares of common stock that vested immediately but are subject to a one-year transfer restriction.
- On the same day, he disposed of 393,500 shares to cover taxes related to the vesting of these restricted shares.
- Following these transactions, Fleury directly owns 2,770,189 shares and indirectly owns 26,414 shares through Teton Rough Riders Mining LLC.
- Fleury disclaims beneficial ownership of the shares held by Teton Rough Riders Mining LLC except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership reported by a company insider.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Date of stock acquisition and disposition by Patrick Fleury. |
| 11/04/2024 | Date of Form 4 filing. |
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