Form 4: Terawulf CFO Patrick Fleury Reports Stock Transactions

Patrick Fleury, CFO of Terawulf Inc., reports the vesting of restricted stock units and subsequent acquisition of common stock.

Summary

• On March 4, 2024, Patrick Fleury, the Chief Financial Officer of Terawulf Inc., reported transactions involving the company's stock.
• Fleury acquired 400,000 shares of common stock upon the vesting of restricted stock units.
• Following the transaction, Fleury directly owns 1,429,824 shares of Terawulf Inc.
• Fleury also indirectly owns 26,414 shares through Teton Rough Riders Mining LLC, where he is a managing manager.
• The restricted stock units vested in two equal installments on the first two six-month anniversaries of March 4, 2023, contingent upon continued employment.
• Each restricted stock unit represents the right to receive one share of common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard reporting of stock transactions. It doesn't inherently indicate positive or negative performance.

Positives

• The vesting of restricted stock units and subsequent acquisition of common stock by the CFO could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction could have a minor impact on shareholders by slightly increasing the number of outstanding shares.

Key Dates