Form 4: Terawulf Director Michael C. Bucella Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Michael C. Bucella reports acquisition and disposal of Terawulf Inc. common stock.
Summary
- Michael C. Bucella, a director of Terawulf Inc., filed a Form 4 with the SEC on July 16, 2024.
- The report details changes in his beneficial ownership of Terawulf Inc. common stock.
- On June 30, 2024, Bucella acquired 3,371 shares of common stock and disposed of 194,979 shares.
- These shares were issued in lieu of cash retainers accrued since the beginning of the second fiscal quarter of 2024.
- The price per share was $4.45, based on the closing price as of June 28, 2024.
Sentiment
Score: 5
Explanation: This is a routine filing, so the sentiment is neutral. It simply reports changes in stock ownership.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in ownership by a company director.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Closing price of $4.45 per share used for stock issuance. |
| 06/30/2024 | Date of transaction: acquisition and disposal of shares. |
| 07/16/2024 | Date Form 4 was filed. |
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