Terawulf CSO sees 500,000 RSUs vest
Terawulf Inc. director and Chief Strategy Officer Kerri M. Langlais reported equity compensation activity.
Rhea-AI Filing Summary
Terawulf Inc. director and Chief Strategy Officer Kerri M. Langlais reported equity compensation activity. On August 1, 2026, 500,000 restricted stock units vested and were settled into 500,000 shares of common stock. In connection with this vesting, 276,500 shares were disposed of to the issuer to cover taxes under a net-settlement election. She also reports indirect ownership of 864,701 common shares held by the Langlais Family 2021 GST Trust and 1,000,000 restricted stock units remaining subject to future vesting based on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
500,000 shares exercised/converted
Exercise
4 txns
Insider
Langlais Kerri M.
Role
Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common stock, $0.001 par value per share F2 | 276,500 | -- | -- |
| Exercise | Restricted Stock Units F3, F4 | 500,000 | -- | -- |
| Exercise | Common stock, $0.001 par value per share F1 | 500,000 | -- | -- |
| holding | Common stock, $0.001 par value per share | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,000,000 contracts (Direct);
Common stock, $0.001 par value per share — 4,380,381 shares (Direct);
Common stock, $0.001 par value per share — 864,701 shares (Indirect, By Langlais Family 2021 GST Trust)
Footnotes (4)
- F1. The Reporting Person received restricted stock units which vested in accordance with their terms upon the first anniversary of August 1, 2025, 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 August 1, 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 first anniversary of August 1, 2025, subject to the Reporting Person's continued employment or service with the Issuer through such date. The remaining restricted stock units will vest ratably upon the second and third anniversaries of August 1, 2025, respectively, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
Key Figures
RSUs vested: 500,000 units
Common shares acquired: 500,000 shares
Shares withheld for taxes: 276,500 shares
+2 more
5 metrics
RSUs vested
500,000 units
Restricted Stock Units vested and settled into common stock on August 1, 2026
Common shares acquired
500,000 shares
Common stock received upon RSU vesting on August 1, 2026
Shares withheld for taxes
276,500 shares
Disposition to issuer to cover tax withholding under net settlement
RSUs remaining after transaction
1,000,000 units
Total restricted stock units reported following the derivative transaction
Indirect common shares
864,701 shares
Indirectly held via Langlais Family 2021 GST Trust as of August 1, 2026
Key Terms
Restricted Stock Units, Disposition to issuer, net settlement, withholding to cover taxes
4 terms
Restricted Stock Units financial
"The Reporting Person received restricted stock units which vested in accordance with their terms"
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.
Disposition to issuer financial
"transaction_code_description: Disposition to issuer"
net settlement financial
"election of net settlement with regard to the vesting of restricted stock units"
withholding to cover taxes financial
"The disposition is due to withholding to cover taxes"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transaction did Terawulf (WULF) report for Kerri M. Langlais?
Terawulf reported that Chief Strategy Officer Kerri M. Langlais had 500,000 restricted stock units vest into an equal number of common shares on August 1, 2026, with related tax withholding and updated indirect share and RSU holdings disclosed.
How many Terawulf (WULF) restricted stock units does Kerri M. Langlais hold after the transaction?
After the reported transaction, Langlais holds 1,000,000 restricted stock units. These units are scheduled to vest ratably on the second and third anniversaries of August 1, 2025, subject to her continued employment or service with Terawulf.
Are the Terawulf (WULF) restricted stock units subject to future vesting conditions?
Yes. The footnotes state that remaining restricted stock units will vest ratably on the second and third anniversaries of August 1, 2025, provided Langlais continues employment or service with Terawulf through each applicable vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
