TeraWulf Inc. (WULF) CSO Exercises 327,054 Units, Returns Shares for Taxes
Rhea-AI Filing Summary
TERAWULF INC. Chief Strategy Officer and director Kerri M. Langlais exercised 327,054 performance-based restricted stock units on April 24, 2026, receiving the same number of common shares at $0.00 per share. Of these, 180,860 shares were returned to the issuer to satisfy tax withholding under a net settlement election tied to achieved performance goals. After these transactions, Langlais directly holds 3,864,493 shares of TERAWULF common stock, with remaining performance stock units scheduled to vest upon future goal attainment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 146,194 shares
Net Buy
3 txns
Insider
Langlais Kerri M.
Role
Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-Based Restricted Stock Units | 327,054 | $0.00 | $0.00 |
| Exercise | Common stock, $0.001 par value per share | 327,054 | $0.00 | $0.00 |
| Disposition | Common stock, $0.001 par value per share | 180,860 | $0.00 | $0.00 |
Holdings After Transaction:
Performance-Based Restricted Stock Units — 654,108 shares (Direct);
Common stock, $0.001 par value per share — 3,864,493 shares (Direct)
Footnotes (4)
- F1. The performance stock units vested in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 2, 2026, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
- F2. The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement of performance stock units, which vested in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 2, 2026, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
- F3. Each performance stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
- F4. The remaining performance stock units will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 2, 2026, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
Key Figures
Performance RSUs exercised: 327,054 units
Common shares acquired: 327,054 shares
Shares disposed for taxes: 180,860 shares
+1 more
4 metrics
Performance RSUs exercised
327,054 units
Performance-based restricted stock units exercised on 2026-04-24 and converted into common stock.
Common shares acquired
327,054 shares
Common stock received from exercise or conversion of performance-based restricted stock units at $0.00 per share.
Shares disposed for taxes
180,860 shares
Common shares returned to issuer to cover tax withholding under a net settlement election.
Post-transaction common holdings
3,864,493 shares
Direct TERAWULF common stock position held by Kerri M. Langlais after reported transactions.
Key Terms
Performance-Based Restricted Stock Units, net settlement, contingent right, Disposition to issuer
4 terms
Performance-Based Restricted Stock Units financial
"security_title "Performance-Based Restricted Stock Units""
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
net settlement financial
"election of net settlement of performance stock units"
contingent right financial
"Each performance stock unit represents a contingent right to receive one share"
Disposition to issuer financial
"transaction_code_description "Disposition to issuer""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did TERAWULF (WULF) executive Kerri M. Langlais report in this Form 4?
Kerri M. Langlais reported an exercise of performance-based restricted stock units and related share dispositions. She converted 327,054 units into common stock, then returned 180,860 shares to TERAWULF to cover tax withholding, and now directly holds 3,864,493 common shares.
How many performance-based restricted stock units did Kerri M. Langlais exercise for TERAWULF (WULF)?
Langlais exercised 327,054 performance-based restricted stock units into 327,054 TERAWULF common shares. Each performance stock unit represents a contingent right to receive one share of common stock, vesting upon achievement of specified performance goals and continued employment through defined dates.
What is Kerri M. Langlais’s direct common stock holding in TERAWULF (WULF) after these transactions?
Following the reported transactions, Langlais directly holds 3,864,493 TERAWULF common shares. This post-transaction balance reflects the exercised performance units and the shares returned to the issuer for tax withholding, as reported in the canonical holdings data.
How do TERAWULF (WULF) performance stock units for Kerri M. Langlais vest over time?
The performance stock units vest upon achieving specified performance goals between grant and the third anniversary of January 2, 2026. Vesting is also conditioned on Langlais’s continued employment or service with TERAWULF through each relevant date, with remaining units scheduled to vest under those terms.