TERAWULF director exercises awards, gets new RSUs
TERAWULF INC. director Michael C. Bucella exercised equity awards and received new stock-based compensation.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
TERAWULF INC. director Michael C. Bucella exercised equity awards and received new stock-based compensation. He converted 56,023 restricted stock units into the same number of common shares at a stated price of $0.0000 per share, bringing his directly held common stock to 337,808 shares. He also received a new grant of 6,950 restricted stock units, each representing a contingent right to one common share. According to the footnotes, the vested units relate to awards that vested on the first anniversary of June 23, 2025, while the newly granted units are scheduled to vest on the first anniversary of June 23, 2026, in each case subject to his continued service with the company.
Insider Trade Summary
56,023 shares exercised/converted
Exercise
3 txns
Insider
Bucella Michael C.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 56,023 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 6,950 | $0.00 | $0.00 |
| Exercise | Common stock, $0.001 par value per share | 56,023 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 6,950 contracts (Direct);
Common stock, $0.001 par value per share — 337,808 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 56,023 to 6,950 contracts (Direct);
Common stock, $0.001 par value per share, 281,785 to 337,808 shares (Direct)
Footnotes (4)
- F1. The Reporting Person received restricted stock units which vested upon the first anniversary of June 23, 2025, 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 upon the first anniversary of June 23, 2025, subject to the Reporting Person's continued employment or service with the Issuer through such date.
- F4. The restricted stock units will vest upon the first anniversary of June 23, 2026, subject to the Reporting Person's continued employment or service with the Issuer through such date.
Key Figures
RSUs converted to common: 56,023 shares
Common shares held after: 337,808 shares
New RSU grant: 6,950 units
+1 more
4 metrics
RSUs converted to common
56,023 shares
Restricted stock units converted into common stock on June 23, 2026
Common shares held after
337,808 shares
Direct common stock holdings after transactions
New RSU grant
6,950 units
New restricted stock units granted on June 23, 2026
Exercise price
$0.0000 per share
Stated price for RSU conversion to common stock
Key Terms
Restricted Stock Units, derivative security, contingent right, vest
4 terms
Restricted Stock Units financial
"The Reporting Person received restricted stock units which vested upon the first anniversary of June 23, 2025"
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock"
vest financial
"The restricted stock units will vest upon the first anniversary of June 23, 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did TERAWULF (WULF) director Michael C. Bucella report?
Michael C. Bucella reported equity compensation transactions, not open-market trades. He converted 56,023 restricted stock units into common shares and received a new grant of 6,950 restricted stock units, each tied to future delivery of one common share.
What equity awards vested for TERAWULF (WULF) director Michael C. Bucella?
A block of 56,023 restricted stock units vested for Michael C. Bucella and was converted into the same number of common shares. Footnotes state these units vested on the first anniversary of June 23, 2025, subject to his continued employment or service.
What new restricted stock units did TERAWULF (WULF) grant to Michael C. Bucella?
TERAWULF granted Michael C. Bucella 6,950 new restricted stock units. Each unit represents a contingent right to receive one common share and is scheduled to vest on the first anniversary of June 23, 2026, assuming his continued employment or service.
Are Michael C. Bucella’s TERAWULF (WULF) Form 4 transactions open-market buys or sells?
These transactions are not open-market buys or sells. They involve the vesting and conversion of previously granted restricted stock units into common shares, along with a new grant of restricted stock units as part of director compensation.
How are Michael C. Bucella’s new TERAWULF (WULF) restricted stock units structured?
Each new restricted stock unit granted to Michael C. Bucella represents a contingent right to receive one TERAWULF common share. The units will vest on the first anniversary of June 23, 2026, conditioned on his continued employment or service with the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
