Form 4: Terawulf Inc. Chief Strategy Officer Kerri M. Langlais Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Kerri M. Langlais, Chief Strategy Officer of Terawulf Inc., reports disposing of 77,420 shares of common stock to cover tax obligations related to vested performance stock units.
Summary
- Kerri M. Langlais, Chief Strategy Officer of Terawulf Inc., filed a Form 4 on May 24, 2024, reporting a change in beneficial ownership of Terawulf Inc. stock.
- On May 22, 2024, Langlais disposed of 77,420 shares of common stock to cover taxes resulting from the vesting of performance stock units on May 20, 2024.
- Following the transaction, Langlais directly owns 1,767,269 shares of Terawulf Inc. common stock.
- Langlais also indirectly owns 864,701 shares through the Langlais Family 2021 GST Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is primarily related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Performance stock units vested. |
| 05/22/2024 | Disposal of 77,420 shares of common stock to cover taxes. |
| 05/24/2024 | Form 4 filing date. |
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