Terawulf director exercises RSUs, gets new grant
TERAWULF INC. director Steven T. Pincus reported routine equity compensation activity.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
TERAWULF INC. director Steven T. Pincus reported routine equity compensation activity. He exercised 63,026 restricted stock units into the same number of common shares at an exercise price of $0.0000, bringing his direct common stock holdings to 399,391 shares. He also received a new grant of 7,818 restricted stock units, each representing a contingent right to one common share, which will vest on the first anniversary of June 23, 2026, subject to his continued employment or service.
Insider Trade Summary
63,026 shares exercised/converted
Exercise
3 txns
Insider
Pincus Steven T.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 63,026 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 7,818 | $0.00 | $0.00 |
| Exercise | Common stock, $0.001 par value per share | 63,026 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 7,818 contracts (Direct);
Common stock, $0.001 par value per share — 399,391 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 63,026 to 7,818 contracts (Direct);
Common stock, $0.001 par value per share, 336,365 to 399,391 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 exercised: 63,026 shares
Common shares held after: 399,391 shares
New RSU grant: 7,818 units
+2 more
5 metrics
RSUs exercised
63,026 shares
Restricted stock units converted to common stock on June 23, 2026
Common shares held after
399,391 shares
Direct common stock ownership after transactions
New RSU grant
7,818 units
Restricted stock units granted on June 23, 2026
Underlying shares for new RSUs
7,818 common shares
Each RSU represents one common share
Exercise price
$0.0000 per share
Exercise or conversion price for RSU-related transactions
Key Terms
Restricted Stock Units, derivative security, contingent right
3 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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Steven T. Pincus report at TERAWULF (WULF)?
Steven T. Pincus reported exercising 63,026 restricted stock units into common shares and receiving a new grant of 7,818 restricted stock units. These transactions reflect routine equity compensation rather than open-market buying or selling activity.
What are the terms of the new 7,818 restricted stock units for TERAWULF (WULF)?
Pincus received 7,818 restricted stock units, each representing a contingent right to one TERAWULF common share. According to the footnotes, these units will vest on the first anniversary of June 23, 2026, if his employment or service with the company continues.
What does the vesting condition mean for Pincus’s TERAWULF (WULF) restricted stock units?
The vesting condition requires that Pincus continue his employment or service with TERAWULF through specified anniversaries of June 23, 2025 and 2026. Only if this condition is met do the restricted stock units convert into common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
