Form 4: Terawulf Director Catherine Motz Reports Sale of Over 21,000 Shares Under Pre-Planned Trading Arrangement

Terawulf Inc. Director Catherine J. Motz reported the sale of 21,182 shares of common stock at $3.92 per share on June 18, 2025, as part of a pre-arranged 10b5-1 trading plan, reducing her direct beneficial ownership to 191,199 shares.

Summary

• Catherine J. Motz, a Director of Terawulf Inc. (WULF), sold 21,182 shares of common stock.
• The transaction occurred on June 18, 2025, at a price of $3.92 per share.
• Following the sale, Ms. Motz directly beneficially owns 191,199 shares of Terawulf common stock.
• The sale was conducted pursuant to a Rule 10b5-1(c) trading plan, indicating it was a pre-arranged transaction.

Sentiment

Score: 5

Explanation: While an insider sale reduces ownership, the fact that it was conducted under a pre-arranged 10b5-1 plan mitigates the negative signal, making it a neutral to slightly negative event rather than a strong negative.

Positives

• The transaction was executed under a Rule 10b5-1(c) trading plan, which suggests the sale was pre-scheduled and not based on new, non-public information.

Negatives

• A director reduced their direct beneficial ownership in the company by selling 21,182 shares.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Catherine J. Motz, a Director of Terawulf Inc., sold 21,182 shares of common stock, which constitutes a transaction by a related party.

Stakeholder Impact

• Shareholders may observe a reduction in insider ownership, though the 10b5-1 plan mitigates concerns about the timing of the sale.

Key Dates

Keywords

Terawulf, WULF, SEC Form 4, Insider Sale, Director Transaction, Stock Sale, 10b5-1 Plan, Beneficial Ownership