Form 4: Terawulf Director Receives Stock for Retainers
Statement of Changes in Beneficial Ownership
Terawulf Inc. director Michael C. Bucella received 1,733 shares of common stock as payment for accrued retainers, valued at $14.43 per share.
Summary
- Michael C. Bucella, a Director at Terawulf Inc., received 1,733 shares of common stock on March 31, 2026.
- These shares were issued in lieu of cash retainers that had accrued since the beginning of the first fiscal quarter of 2026.
- The shares were valued at $14.43 per share, which was the closing price on March 31, 2026.
- Following this transaction, Bucella beneficially owns 281,785 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports a standard compensation transaction for a director rather than new financial performance or strategic developments.
Positives
- Director compensation is being paid in stock, which aligns management's interests with shareholders.
- The valuation of the stock for retainer payment is based on the closing market price on the transaction date.
Future Outlook
No specific future outlook or guidance is provided in this filing, as it solely reports a change in beneficial ownership.
Industry Context
StockSavvy.ai notes that the issuance of stock for director retainers is a common practice in the technology and energy sectors, particularly for growth-oriented companies like Terawulf Inc., as it helps conserve cash while aligning executive and director interests with shareholders.
Related Party Transactions
- Issuance of 1,733 shares of common stock to Director Michael C. Bucella in lieu of cash retainers.
Stakeholder Impact
- Shareholders: The issuance of stock for retainers dilutes existing shareholders slightly but aligns director compensation with stock performance.
- Management/Directors: Director Michael C. Bucella's beneficial ownership increases, directly linking his financial interests to the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 03/31/2026 | Transaction date for the issuance of common stock in lieu of retainers. |
| 04/09/2026 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Keywords
Terawulf Inc., WULF, Form 4, Director compensation, Stock issuance, Beneficial ownership, SEC filing
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