TeraWulf officer reports RSU vesting and tax sale
TeraWulf Inc. Chief Accounting Officer William Joseph Tanimoto reported equity award activity involving company stock.
Rhea-AI Filing Summary
TeraWulf Inc. Chief Accounting Officer William Joseph Tanimoto reported equity award activity involving company stock. On January 9, 2026, 16,667 restricted stock units converted into an equal number of common shares as they vested on the second anniversary of a January 9, 2024 grant, contingent on continued employment.
On the same date, 5,296 common shares were automatically disposed of to cover taxes from Mr. Tanimoto’s net settlement election for the RSU vesting. After these transactions, he directly held 38,898 shares of common stock and 16,666 restricted stock units, with the remaining units scheduled to vest on the third anniversary of January 9, 2024, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 16,667 | $0.00 | $0.00 |
| Exercise | Common stock, $0.001 par value per share | 16,667 | $0.00 | $0.00 |
| Disposition | Common stock, $0.001 par value per share | 5,296 | $0.00 | $0.00 |
Footnotes (4)
- F1. The Reporting Person received restricted stock units which vested in accordance with their terms upon the second anniversary of January 9, 2024, as reflected in this Form 4, subject to the Reporting Person's continued employment or service with the Issuer through such date.
- 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 January 9, 2026, as reflected in this Form 4.
- F3. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.
- F4. The restricted stock units vested upon the second anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through each such date. The remaining restricted stock units will vest upon the third anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
FAQ
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What insider transactions did TeraWulf (WULF) report for William Joseph Tanimoto?
What are the terms of the TeraWulf restricted stock units reported in this Form 4?
Is this TeraWulf (WULF) Form 4 transaction part of a trading plan?
What role does the reporting person hold at TeraWulf (WULF)?
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