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

Director Catherine J. Motz acquired 3,206 shares of Terawulf Inc. common stock in lieu of cash retainers accrued since the beginning of the third fiscal quarter of 2024.

Summary

• Catherine J. Motz, a director of Terawulf Inc., acquired 3,206 shares of common stock on September 30, 2024.
• The shares were issued in lieu of cash retainers accrued since the beginning of the third fiscal quarter of 2024.
• The price per share was $4.68, which was the closing price as of September 30, 2024.
• Following the transaction, Motz directly owns 209,730 shares of Terawulf Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. A director taking shares in lieu of cash can be seen as a positive sign of alignment with shareholders, but it's a relatively small transaction.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Industry Context

Directors receiving shares in lieu of cash compensation is a common practice, especially for companies looking to conserve cash or align director interests with shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates