Form 4: Terawulf Director Boosts Stake via Stock Conversion & Purchase

Terawulf Inc. Director Michael C. Bucella increased his beneficial ownership of common stock through a mandatory preferred stock conversion and an open market purchase.

Summary

• Michael C. Bucella, a Director of Terawulf Inc. (WULF), reported changes in his beneficial ownership of common stock.
• On November 13, 2025, Bucella acquired 4,178 shares of common stock through a purchase at a weighted average price of $12.01 per share. Following this transaction, his direct beneficial ownership of common stock was 266,958 shares.
• On December 9, 2025, 250 shares of Series A Convertible Preferred Stock were mandatorily converted into 35,487 shares of common stock at a conversion price of $10.00 per preferred share.
• Following the conversion, Bucella's direct beneficial ownership of common stock was 262,780 shares.

Sentiment

Score: 6

Explanation: Director Michael C. Bucella increased his direct common stock holdings through an open market purchase, which typically signals confidence in the company's future. Additionally, preferred stock was converted into common stock, further increasing common stock exposure.

Positives

• Director Michael C. Bucella acquired 4,178 shares of common stock through an open market purchase on November 13, 2025, at a weighted average price of $12.01 per share, signaling confidence in the company.
• The mandatory conversion of 250 shares of Series A Convertible Preferred Stock into 35,487 shares of common stock on December 9, 2025, increased the director's direct common stock holdings from the conversion event itself.

Stakeholder Impact

• Shareholders may view the director's increased common stock ownership as a positive signal of confidence in the company's future prospects.

Key Dates

Keywords

Terawulf, WULF, Insider Trading, Director Ownership, Stock Purchase, Preferred Stock Conversion, Beneficial Ownership