Terawulf Inc. (WULF) CSO exercises 327,054 units, 180,860 withheld
Rhea-AI Filing Summary
Terawulf Inc. reported that Chief Strategy Officer Kerri M. Langlais exercised performance-based restricted stock units, converting 327,054 units into common stock on May 6, 2026. In connection with this net settlement, 180,860 shares were returned to the issuer to cover taxes, and she now directly holds 4,010,687 common shares. The units vested upon achievement of specified performance goals between the grant date and the third anniversary of January 2, 2026.
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 — 327,054 shares (Direct);
Common stock, $0.001 par value per share — 4,010,687 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 units exercised: 327054.0000 shares
Shares returned to issuer for taxes: 180860.0000 shares
Post-transaction direct holdings: 4,010,687 shares
+1 more
4 metrics
Performance units exercised
327054.0000 shares
Performance-based restricted stock units converted into common stock on May 6, 2026
Shares returned to issuer for taxes
180860.0000 shares
Common shares disposed of to cover taxes under a net settlement election
Post-transaction direct holdings
4,010,687 shares
Direct common stock holdings of Kerri M. Langlais after the reported transactions
Exercise price per share
$0.0000 per share
Reported exercise or conversion price for the performance-based restricted stock units
Key Terms
Performance-Based Restricted Stock Units, performance stock units, net settlement, contingent right
4 terms
Performance-Based Restricted Stock Units financial
"The security title is listed as 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.
performance stock units financial
"The performance stock units vested in accordance with their terms upon the achievement of goals."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
net settlement financial
"The disposition is due to withholding to cover taxes, as a result of the election of net settlement."
contingent right financial
"Each performance stock unit represents a contingent right to receive one share of common stock."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did TERAWULF (WULF) report for Kerri M. Langlais?
TERAWULF’s Chief Strategy Officer Kerri M. Langlais exercised 327,054 performance-based restricted stock units into common shares on May 6, 2026. The transaction reflects equity compensation vesting tied to performance goals over a period ending near the third anniversary of January 2, 2026.
How many performance-based units vested for TERAWULF (WULF) in this Form 4?
The filing shows that 327,054 performance-based restricted stock units vested and were converted into Terawulf common stock. Each performance stock unit represents a contingent right to receive one share of common stock, subject to specified performance goals and continued employment or service conditions.
What are the vesting conditions for TERAWULF (WULF) performance stock units?
The performance stock units vest upon achievement of specified performance goals between the grant date and the third anniversary of January 2, 2026. Vesting is also conditioned on the reporting person’s continued employment or service with Terawulf through each applicable vesting date.