Form 4: Terawulf Director Catherine J. Motz Acquires Shares in Lieu of Cash Retainers

Director Catherine J. Motz acquired 2,651 shares of Terawulf Inc. common stock in lieu of cash retainers.

Summary

• Catherine J. Motz, a director at Terawulf Inc., acquired 2,651 shares of common stock on December 31, 2024.
• These shares were issued in lieu of cash retainers accrued since the beginning of the fourth fiscal quarter of 2024.
• The price per share was $5.66, which was the closing price on December 31, 2024.
• Following this transaction, Ms. Motz directly owns 212,381 shares of Terawulf Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a neutral to slightly positive sentiment as it shows director confidence in the company by accepting shares.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• Issuing shares in lieu of cash retainers can conserve company cash.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US.
• The transaction is typical for directors receiving compensation in the form of equity.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it shows director confidence in the company.

Key Dates

Keywords

Terawulf, Director, Share Acquisition, Form 4, Insider Trading, Common Stock, Cash Retainers