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

Director Walter E. Carter acquired 8,080 shares of Terawulf Inc. common stock in lieu of cash retainers accrued since the beginning of the first fiscal quarter of 2024.

Summary

• On March 31, 2024, Walter E. Carter, a director of Terawulf Inc. (WULF), acquired 8,080 shares of common stock.
• The acquisition was made in lieu of cash retainers accrued since the beginning of the first fiscal quarter of 2024.
• The price per share was $2.63, based on the closing price as of March 28, 2024.
• Following the transaction, Carter directly owns 207,129 shares of Terawulf Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction, and the director taking shares in lieu 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 transaction is a routine disclosure of insider activity and doesn't necessarily indicate a major shift in the company's outlook or strategy. It is common for directors to receive compensation in the form of stock, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.

Key Dates