TeraWulf (NASDAQ: WULF) officer now holds 55,564 shares
Rhea-AI Filing Summary
TERAWULF INC. executive William Joseph Tanimoto, Chief Accounting Officer, reported the vesting and settlement of 6,666 Restricted Stock Units into an equal number of shares of common stock. The RSUs vested upon the third anniversary of August 16, 2023, subject to his continued employment or service through that date. Following the share issuance, Tanimoto directly holds 55,564 shares of TERAWULF common stock. Each RSU represented a contingent right to receive one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,666 shares
Net Buy
2 txns
Insider
Tanimoto William Joseph
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 6,666 | -- | -- |
| Exercise | Common stock, $0.001 par value per share F1 | 6,666 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common stock, $0.001 par value per share — 55,564 shares (Direct)
Footnotes (3)
- F1. The Reporting Person received Restricted Stock Units which vested in accordance with their terms upon the third anniversary of August 16, 2023, as reported in this Form 4, subject to the Reporting Person's continued employment or service with the Issuer through such date.
- F2. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.
- F3. The restricted stock units vested in accordance with their terms upon the third anniversary of August 16, 2023, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
Key Figures
RSUs converted: 6,666 units
Common shares received: 6,666 shares
Shares owned after transaction: 55,564 shares
+2 more
5 metrics
RSUs converted
6,666 units
Restricted Stock Units exercised/converted on 2026-08-16
Common shares received
6,666 shares
Common stock issued upon RSU vesting and conversion on 2026-08-16
Shares owned after transaction
55,564 shares
Direct ownership of TERAWULF common stock following RSU conversion
Vesting anniversary reference
Third anniversary of August 16, 2023
RSUs vested in accordance with their terms on this anniversary date
RSU-to-share ratio
1 RSU : 1 share
Each Restricted Stock Unit represents a contingent right to receive one share
Key Terms
Restricted Stock Units, contingent right, Exercise or conversion of derivative security
3 terms
Restricted Stock Units financial
"The Reporting Person received Restricted Stock Units which vested in accordance"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
FAQ
What did TERAWULF (WULF) Chief Accounting Officer William Tanimoto report in this Form 4?
William Tanimoto reported the vesting and settlement of 6,666 Restricted Stock Units into 6,666 shares of TERAWULF common stock. These RSUs vested after three years, conditioned on his continued employment or service with the company through the vesting date.
What are the key details of the Restricted Stock Units reported for TERAWULF (WULF)?
The filing shows 6,666 Restricted Stock Units, each representing a contingent right to receive one share of TERAWULF common stock. These RSUs vested on the third anniversary of August 16, 2023, contingent on William Tanimoto’s continued employment or service through that date.
When did the TERAWULF (WULF) RSUs reported by William Tanimoto vest?
The RSUs vested on the third anniversary of August 16, 2023, as described in the footnotes. Vesting was conditioned on William Tanimoto’s continued employment or service with TERAWULF through the applicable anniversary date before the shares were delivered.
Were the TERAWULF (WULF) Form 4 transactions executed under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not checked, and the footnotes do not reference a trading plan. The transactions relate to RSU vesting and share issuance rather than open-market purchases or sales under a pre-arranged trading program.
Did this TERAWULF (WULF) Form 4 include any market sales or purchases by William Tanimoto?
The reported code "M" transactions reflect RSU exercise/conversion into common stock, not open-market buys or sells. One entry shows RSUs disposed of upon conversion, and the other shows an equivalent number of common shares acquired and held directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
