Form 4: Terawulf Inc. Executive Kerri M. Langlais Reports Stock Transactions
SEC Form 4
Kerri M. Langlais, Chief Strategy Officer of Terawulf Inc., reports the vesting and subsequent tax-related disposition of restricted stock units.
Summary
- On July 9, 2024, Kerri M. Langlais, Chief Strategy Officer of Terawulf Inc., had restricted stock units vest.
- These units converted into 140,000 shares of common stock.
- Following the vesting, 77,420 shares were disposed of to cover taxes related to the vesting event.
- After these transactions, Langlais directly owns 2,387,359 shares of Terawulf Inc. common stock.
- Langlais also indirectly owns 864,701 shares through the Langlais Family 2021 GST Trust.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 01/09/2024 | Date used to calculate the vesting schedule of the restricted stock units. |
| 07/09/2024 | Date of the reported transaction: vesting of restricted stock units and subsequent tax-related disposition. |
| 07/11/2024 | Date of signature on the Form 4 filing. |
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