Form 4: Terawulf Director Walter E. Carter Acquires Shares in Lieu of Cash Retainer

Director Walter E. Carter acquired 4,776 shares of Terawulf Inc. common stock in lieu of a cash retainer.

Summary

• On June 30, 2024, Walter E. Carter, a director of Terawulf Inc. (WULF), acquired 4,776 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, Carter directly owns 264,847 shares of Terawulf Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of insider activity. The director taking shares instead of cash is a mildly positive signal.

Positives

• The director's decision to take shares in lieu of cash may signal confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a director.

Key Dates