CFO Patrick Fleury gains 500,000 TeraWulf Inc. (WULF) shares via RSU vesting
Rhea-AI Filing Summary
Patrick Fleury, chief financial officer of TeraWulf Inc., converted 500,000 vested restricted stock units into 500,000 shares of common stock on August 1, 2026, following the first anniversary of August 1, 2025 as provided in the award terms. After this event he holds 1,000,000 restricted stock units, 500,000 common shares directly, and may be deemed to beneficially own 4,005,519 additional shares held by The Fleury-Reycroft Revocable Trust.
The remaining restricted stock units are scheduled to vest ratably on the second and third anniversaries of August 1, 2025, subject to his continued employment or service.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 500,000 shares
Net Buy
3 txns
Insider
Fleury Patrick
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| 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 F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,000,000 shares (Direct);
Common stock, $0.001 par value per share — 500,000 shares (Direct);
Common stock, $0.001 par value per share — 4,005,519 shares (Indirect, By The Fleury-Reycroft Revocable 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. By the Fleury-Reycroft Revocable Trust (the "Revocable Trust"). The Reporting Person contributed (i) 1 million of the Issuer's shares of common stock, par value $0.001 per share ("Common Stock") to the Revocable Trust on July 31, 2026, and (ii) 3,005,519 shares of Common Stock to the Revocable Trust on August 3, 2026, in each case for no consideration. The Reporting Person is serving as co-trustee of the Revocable Trust and may be deemed to have the power to direct the voting and disposition of the beneficially owned by the Revocable Trust. Accordingly, pursuant to the regulations promulgated under Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Reporting Person may be deemed to be a beneficial owner of the shares of Common Stock held for the account of the Revocable Trust.
- F3. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock.
- 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 converted to shares: 500,000 units / 500,000 shares
RSUs following transaction: 1,000,000 units
Direct common shares after transaction: 500,000 shares
+2 more
5 metrics
RSUs converted to shares
500,000 units / 500,000 shares
Restricted stock units converted into common stock on August 1, 2026
RSUs following transaction
1,000,000 units
Restricted stock units reported as outstanding after the August 1, 2026 conversion
Direct common shares after transaction
500,000 shares
Common stock directly held by Patrick Fleury after RSU conversion
Trust-held common shares
4,005,519 shares
Shares held by The Fleury-Reycroft Revocable Trust after contributions on July 31 and August 3, 2026
Trust contributions
1,000,000 and 3,005,519 shares
Common shares contributed to the revocable trust on July 31, 2026 and August 3, 2026, respectively
Key Terms
Restricted Stock Units, Revocable Trust, beneficial owner, Section 13(d)
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.
Revocable Trust financial
"By the Fleury-Reycroft Revocable Trust, a revocable trust holding common stock"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
beneficial owner regulatory
"the Reporting Person may be deemed to be a beneficial owner of the shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Section 13(d) regulatory
"pursuant to the regulations promulgated under Section 13(d) of the Exchange Act"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did TeraWulf (WULF) CFO Patrick Fleury report?
Patrick Fleury reported converting 500,000 restricted stock units into 500,000 shares of TeraWulf common stock on August 1, 2026. These units vested on the first anniversary of August 1, 2025, contingent on his continued employment or service with the company through that date.
What is the vesting schedule for Patrick Fleury’s TeraWulf (WULF) restricted stock units?
The restricted stock units vested upon the first anniversary of August 1, 2025, creating 500,000 shares on August 1, 2026. According to the award terms, the remaining units will vest ratably on the second and third anniversaries of August 1, 2025, subject to his continued employment or service.
Were Patrick Fleury’s TeraWulf (WULF) insider transactions under a Rule 10b5-1 trading plan?
The disclosure does not indicate that these transactions were executed under a Rule 10b5-1 trading plan. The document-level Rule 10b5-1 checkbox is not selected, and the accompanying footnotes describe vesting terms and trust contributions without referencing any pre-arranged trading arrangement.