Form 4: Terawulf Director Walter E. Carter Acquires Shares in Lieu of Cash Retainers
SEC Form 4 Filing
Director Walter E. Carter acquired 4,541 shares of Terawulf Inc. common stock in lieu of cash retainers accrued since the beginning of the third fiscal quarter of 2024.
Summary
- On September 30, 2024, Walter E. Carter, a director of Terawulf Inc. (WULF), acquired 4,541 shares of common stock.
- The shares were issued in lieu of cash retainers accrued since the beginning of the third fiscal quarter of 2024.
- The price per share was $4.68, which was the closing price as of September 30, 2024.
- Following the transaction, Carter directly owns 269,388 shares of Terawulf Inc.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a standard compensation practice. The director taking shares instead of cash could be seen as a slightly 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 reflects routine insider activity. It is common for directors to receive equity as part of their compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Walter E. Carter acquired 4,541 shares of Terawulf Inc. common stock. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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