Key facts
- This page summarizes Patrick Fleury's Form 4 filing for TERAWULF INC. (WULF).
- 5 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 20 May 2024, 17:15.
Patrick Fleury - 16 May 2024 Form 4 Insider Report for TERAWULF INC. (WULF)
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- WULF
- Reported as of
- 16 May 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 20 May 2024, 17:15:30 UTC
- Prior SEC filing
- 06 Mar 2024
- Next SEC filing
- 24 May 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Patrick Fleury
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Patrick Fleury filed Form 4 for TERAWULF INC. (WULF) on 20 May 2024.
Change
- Previous filing in this sequence was filed on 06 Mar 2024.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
WULF
transaction
Common stock, $0.001 par value per share
Options Exercise
- Transaction value
- Shares
- +250,000
- Change %
- +17%
- Price
- Shares after
- 1,679,824
- Date
- 16 May 2024
- Ownership
- Direct
- Footnotes
- F1
WULF
transaction
Common stock, $0.001 par value per share
Disposed to Issuer
- Transaction value
- Shares
- -98,375
- Change %
- -5.9%
- Price
- Shares after
- 1,581,449
- Date
- 16 May 2024
- Ownership
- Direct
- Footnotes
- F2
WULF
transaction
Common stock, $0.001 par value per share
Options Exercise
- Transaction value
- Shares
- +140,000
- Change %
- +8.9%
- Price
- Shares after
- 1,721,449
- Date
- 20 May 2024
- Ownership
- Direct
- Footnotes
- F3
WULF
holding
Common stock, $0.001 par value per share
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 26,414
- Date
- 16 May 2024
- Ownership
- By Teton Rough Riders Mining LLC
- Footnotes
- F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
WULF
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -250,000
- Change %
- -33%
- Price
- $0.000000
- Shares after
- 500,000
- Date
- 16 May 2024
- Ownership
- Direct
- Underlying class
- Common stock, $0.001 par value per share
- Underlying amount
- 250,000
- Exercise price
- Footnotes
- F5, F6
WULF
transaction
Derivative
Performance-Based Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -140,000
- Change %
- -33%
- Price
- Shares after
- 280,000
- Date
- 20 May 2024
- Ownership
- Direct
- Underlying class
- Common stock, $0.001 par value per share
- Underlying amount
- 140,000
- Exercise price
- Footnotes
- F3, F7, F8
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 8 footnotes
Footnote F1
The Reporting Person received restricted stock units subject to a three-year vesting schedule, 25% vesting upon each of the first two anniversaries of May 16, 2022 and the remaining 50% vesting upon the third anniversary of May 16, 2022, in each case, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
Footnote F2
The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement with regard to the vesting of restricted stock units, which vested on May 16, 2024, as reflected in this Form 4.
Footnote F3
The Reporting Person received performance stock units which will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date.
Footnote F4
By Teton Rough Riders Mining LLC. The Reporting Person is a managing manager of Teton Rough Riders Mining LLC and, as a result, may be deemed to beneficially own the shares of the Issuer's common stock, $0.001 par value per share (the "Common Stock") held by Teton Rough Riders Mining LLC. The Reporting Person disclaims beneficial ownership of such shares of Common Stock except to the extent of his pecuniary interest therein, and the inclusion of such shares of Common Stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of the Common Stock for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Footnote F5
Each restricted stock unit represents a contingent right to receive one share of Common Stock.
Footnote F6
The restricted stock units are subject to a three-year vesting schedule, 25% vesting upon each of the first two anniversaries of May 16, 2022 and the remaining 50% vesting upon the third anniversary of May 16, 2022, in each case subject to the Reporting Person's continued employment or service with the Issuer through each such date.
Footnote F7
Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.
Footnote F8
The performance stock units will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date.