Form 4: Terawulf Director Christopher Allen Jarvis Acquires Shares in Lieu of Cash Retainers
SEC Form 4 Filing
Director Christopher Allen Jarvis acquired 4,952 shares of Terawulf Inc. common stock in lieu of cash retainers accrued since January 12, 2024.
Summary
- Christopher Allen Jarvis, a director of Terawulf Inc., acquired 4,952 shares of common stock on March 31, 2024.
- The shares were issued in lieu of cash retainers accrued since January 12, 2024.
- The price per share was $2.63, based on the closing price as of March 28, 2024.
- The transaction was reported on April 2, 2024.
Sentiment
Score: 6
Explanation: Neutral sentiment. The transaction is a routine filing indicating a director receiving shares in lieu of cash, which can be seen as a positive sign of confidence, but it's not a major event.
Positives
- A director taking shares in lieu of cash may signal confidence in the company's future prospects.
Industry Context
This filing reflects insider activity, which is common in publicly traded companies. Monitoring such filings can provide insights into management's sentiment and confidence in the company's performance.
Key Dates
| Date | Description |
|---|---|
| January 12, 2024 | Start date for cash retainers accrued. |
| March 28, 2024 | Closing price used to value shares ($2.63). |
| March 31, 2024 | Date of transaction (share acquisition). |
| April 02, 2024 | Date of Form 4 filing. |
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