Form 4: Terawulf Director Steven T. Pincus Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Steven T. Pincus acquired 6,180 shares of Terawulf Inc. common stock in lieu of cash retainers.
Summary
- On June 30, 2024, Steven T. Pincus, a director of Terawulf Inc., reported the acquisition of 6,180 shares of common stock.
- The 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.
- Following the transaction, Pincus directly owns 290,854 shares of Terawulf Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a standard transaction. Sentiment is neutral.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder confidence due to the director's increased stake in the company.
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 of 6,180 shares of common stock. |
| 07/16/2024 | Date of signature on the Form 4 filing. |
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