Form 4: Terawulf CFO Patrick Fleury Reports Stock Transactions
SEC Form 4 Filing
Patrick Fleury, CFO of Terawulf Inc., reports the vesting and subsequent tax-related disposition of performance-based restricted stock units.
Summary
- On July 16, 2024, Patrick Fleury, the Chief Financial Officer of Terawulf Inc. (WULF), reported transactions involving the company's common stock.
- Fleury acquired 400,000 shares of common stock through the vesting of performance-based restricted stock units.
- Simultaneously, Fleury disposed of 157,400 shares to cover taxes related to the net settlement of these vested units.
- Following these transactions, Fleury directly owns 2,163,689 shares of Terawulf common stock.
- Fleury also indirectly owns 26,414 shares through Teton Rough Riders Mining LLC, where he is a managing manager.
Sentiment
Score: 5
Explanation: This is a neutral filing reflecting standard insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| March 4, 2023 | Grant date for performance stock units, with vesting contingent upon performance goals achieved by the third anniversary. |
| 07/16/2024 | Date of stock acquisition and disposition transactions. |
| 07/18/2024 | Date of signature for the Form 4 filing. |
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