Form 4: Terawulf Inc. Director Michael C. Bucella Reports Changes in Beneficial Ownership

Director Michael C. Bucella reports transactions involving Terawulf Inc. common stock and restricted stock units.

Summary

• On June 21, 2024, Michael C. Bucella, a director of Terawulf Inc., reported changes in beneficial ownership.
• Bucella acquired 52,942 shares of common stock through the vesting of restricted stock units.
• Following the transaction, Bucella directly owns 191,608 shares of Terawulf Inc. common stock.
• Additionally, Bucella acquired 21,661 restricted stock units that will vest on June 21, 2024.
• These restricted stock units represent a contingent right to receive one share of Terawulf's common stock each.
• The vested restricted stock units were related to the first anniversary of June 21, 2023, contingent on continued service with the Issuer.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Positives

• The vesting of restricted stock units indicates that Bucella has met certain employment or service conditions with Terawulf Inc.

Future Outlook

The reporting person will receive 21,661 restricted stock units on June 21, 2024, subject to continued employment or service with the Issuer.

Industry Context

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

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates