Form 4: Terawulf Inc. Executive Kenneth J. Deane Reports Stock Transactions
SEC Form 4 Filing
Kenneth J. Deane, Chief Accounting Officer and Treasurer of Terawulf Inc., reports the vesting of restricted stock units and subsequent tax-related disposition of shares.
Summary
- On May 16, 2025, Kenneth J. Deane, Chief Accounting Officer and Treasurer of Terawulf Inc., had restricted stock units vest, resulting in the acquisition of 100,000 shares of common stock.
- Simultaneously, 28,750 shares were disposed of to cover taxes related to the vesting of these restricted stock units.
- Following these transactions, Deane directly owns 595,401 shares of Terawulf Inc. common stock.
- The restricted stock units vested on the third anniversary of May 16, 2022, contingent upon Deane's continued employment with Terawulf Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions by an executive.
Industry Context
This filing is a routine disclosure of insider transactions, common for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/16/2022 | Date from which the restricted stock units vested over three years, contingent upon continued employment. |
| 05/16/2025 | Date of transaction: vesting of restricted stock units and disposition of shares for tax purposes. |
| 05/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Stock Transactions, Terawulf Inc., WULF, Deane Kenneth J, Insider Trading
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