Form 4: Terawulf CFO Patrick Fleury Reports Stock Transactions Following RSU Vesting

Patrick Fleury, CFO of Terawulf Inc., reports the vesting of restricted stock units and subsequent stock transactions, including tax withholding.

Summary

• On July 9, 2024, Patrick Fleury, the CFO of Terawulf Inc., had restricted stock units (RSUs) vest, converting into 140,000 shares of common stock.
• Following the vesting, 55,090 shares were disposed of to cover taxes related to the vesting of the RSUs.
• After these transactions, Fleury directly owns 1,921,089 shares of Terawulf common stock.
• Fleury also has indirect ownership of 26,414 shares through Teton Rough Riders Mining LLC, where he is a managing manager.
• He disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral filing detailing routine stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the holdings and transactions of key company personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
• The vesting of RSUs is a common form of executive compensation, aligning management's interests with those of shareholders.
• Tax withholding on vested equity is a typical procedure.

Stakeholder Impact

• Shareholders are informed about the CFO's stock ownership and recent transactions.
• The filing provides transparency regarding executive compensation.

Key Dates