Form 4: TeraWulf CSO Kerri Langlais Executes Stock Transaction

Chief Strategy Officer Kerri Langlais acquired 327,054 shares of TeraWulf Inc. via performance-based restricted stock unit vesting and disposed of 180,860 shares for tax withholding.

Summary

• Kerri Langlais, Chief Strategy Officer of TeraWulf Inc., reported the vesting of 327,054 performance-based restricted stock units (PSUs) on April 14, 2026.
• Following the vesting, 180,860 shares were withheld by the company to satisfy tax obligations related to the transaction.
• The reporting person maintains a direct beneficial ownership of 3,718,299 shares of common stock following these transactions.
• An additional 864,701 shares are held indirectly through the Langlais Family 2021 GST Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation and tax compliance, having no material impact on the company's operational outlook.

Positives

• The vesting of performance-based units indicates the achievement of specific corporate performance goals set by the company.
• The reporting person retains a significant equity stake of over 3.7 million shares, aligning interests with shareholders.

Negatives

• The transaction involved a net reduction in total shares held by the reporting person due to mandatory tax withholding.

Risks

• Future vesting of remaining performance stock units is contingent upon continued employment and the achievement of additional performance goals.

Future Outlook

The remaining 981,162 performance-based restricted stock units are subject to future vesting based on the achievement of specified performance goals through January 2, 2029.

Management Comments

• The performance stock units vested in accordance with their terms upon the achievement of specified performance goals.

Industry Context

StockSavvy.ai notes that executive equity vesting events are standard corporate governance practices in the high-growth digital infrastructure and mining sectors, reflecting the achievement of internal operational milestones.

Comparison to Industry Standards

• The use of performance-based restricted stock units is consistent with compensation structures at peer companies in the technology and energy infrastructure sectors.
• Net settlement for tax withholding is a standard industry practice for executive compensation.

Related Party Transactions

• The reporting person maintains an indirect interest in 864,701 shares held by the Langlais Family 2021 GST Trust.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation event.

Next Steps

• Continued monitoring of performance goals for the remaining 981,162 unvested performance stock units.

Key Dates

Keywords

TeraWulf, WULF, Insider Trading, Form 4, Equity Compensation, Performance Stock Units