Form 4: Terawulf Inc. Executive Kerri M. Langlais Reports Stock Transactions
SEC Form 4 Filing
Kerri M. Langlais, Chief Strategy Officer of Terawulf Inc., reports the vesting of restricted stock units and subsequent acquisition of common stock.
Summary
- On March 4, 2024, Kerri M. Langlais, Chief Strategy Officer of Terawulf Inc., reported transactions involving the company's stock.
- 400,000 restricted stock units vested, converting into 400,000 shares of common stock.
- Following these transactions, Langlais directly owns 1,876,975 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 on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction affects the total number of shares outstanding and may have a minor impact on shareholder equity.
Key Dates
| Date | Description |
|---|---|
| 03/04/2023 | Initial grant date of the restricted stock units, vesting in two equal installments every six months. |
| 03/04/2024 | Date of transaction: vesting of 400,000 restricted stock units and acquisition of common stock. |
| 03/06/2024 | Date of signature for the Form 4 filing. |
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