Form 4: Terawulf Director Amanda Fabiano Reports RSU Vesting and New Equity Grant

Terawulf Inc. Director Amanda Fabiano reported the vesting of 31,189 restricted stock units and the grant of an additional 56,023 restricted stock units as part of her compensation.

Summary

• Amanda Fabiano, a Director of Terawulf Inc. (WULF), filed a Form 4 detailing changes in her beneficial ownership.
• On June 21, 2025, 31,189 Restricted Stock Units (RSUs) vested and were converted into shares of Terawulf common stock, which were originally granted on June 21, 2024.
• Following this conversion, Ms. Fabiano beneficially owned 45,369 shares of common stock.
• On June 23, 2025, Ms. Fabiano was granted an additional 56,023 Restricted Stock Units.
• These newly granted RSUs are scheduled to vest upon the first anniversary of the grant date, June 23, 2026, contingent on her continued employment or service with Terawulf Inc.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it reflects routine equity compensation for a director, indicating continued alignment of management's interests with shareholders and no adverse events. It's a standard, expected filing.

Positives

• The grant of 56,023 new Restricted Stock Units to Director Amanda Fabiano aligns her interests with shareholders and serves as a retention incentive.
• The vesting of 31,189 RSUs demonstrates the company's commitment to its equity compensation plans for directors.

Risks

• The vesting of the newly granted 56,023 Restricted Stock Units is subject to Amanda Fabiano's continued employment or service with Terawulf Inc. through June 23, 2026.

Future Outlook

The future outlook indicates that Director Amanda Fabiano is expected to receive 56,023 shares of Terawulf common stock upon the vesting of her newly granted Restricted Stock Units on June 23, 2026, provided she continues her service with the company.

Industry Context

This Form 4 filing reflects a routine insider transaction related to director compensation, which is a common practice across publicly traded companies in various industries. Equity grants like Restricted Stock Units are standard mechanisms used to align the interests of company leadership with those of shareholders and to incentivize long-term commitment.

Related Party Transactions

• The transactions involve equity compensation granted by Terawulf Inc. to Amanda Fabiano, a director of the company, which constitutes a related party transaction as part of her compensation.

Stakeholder Impact

• Shareholders: The grant of new RSUs to a director aligns their long-term interests with shareholder value creation.
• Employees: While specific to a director, this reflects standard equity compensation practices that can also apply to other key employees, potentially boosting morale and retention.

Next Steps

• The 56,023 Restricted Stock Units granted on June 23, 2025, are expected to vest on June 23, 2026, contingent on Amanda Fabiano's continued service.

Key Dates

Keywords

Terawulf, WULF, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Equity Compensation, Director Compensation, Beneficial Ownership