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[Form 4] TERAWULF INC. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

TERAWULF INC. director Amanda Fabiano reported equity compensation changes involving common stock and restricted stock units. She exercised derivative awards covering 56,023 shares of common stock at a stated price of $0.0000 per share, increasing her direct common stock holdings to 96,792 shares after the transactions.

Fabiano also received a new grant of 6,950 restricted stock units, each representing a contingent right to receive one share of common stock. Footnotes explain that these restricted stock units vest on the first anniversary of June 23, 2026, subject to her continued employment or service, reflecting routine time-based equity compensation with no open‑market purchases or sales disclosed.

Positive

  • None.

Negative

  • None.
Insider Fabiano Amanda
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 56,023 $0.00 --
Grant/Award Restricted Stock Units 6,950 $0.00 --
Exercise Common stock, $0.001 par value per share 56,023 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common stock, $0.001 par value per share — 96,792 shares (Direct, null)
Footnotes (1)
  1. 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. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock, $0.001 par value per share. 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. 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.
Shares acquired via exercise 56,023 shares Derivative exercise of awards into common stock on June 23, 2026
Common shares held after 96,792 shares Direct common stock ownership after reported transactions
New RSU grant 6,950 RSUs Restricted stock units granted on June 23, 2026
RSU-to-share ratio 1 share per RSU Each restricted stock unit represents one common share
RSU vesting date First anniversary of June 23, 2026 Vesting conditioned on continued employment or service
Exercise price $0.0000 per share Stated price for derivative exercise into 56,023 shares
Exercise transaction count 1 exercise, 56,023 shares Summary of derivative exercise activity in filing
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.
vested financial
"The restricted stock units vested upon the first anniversary of June 23, 2025"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Fabiano Amanda
(Last)(First)(Middle)
C/O TERAWULF INC.
9 FEDERAL STREET
(Street)
EASTON MARYLAND 21601
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
TERAWULF INC. [ WULF ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common stock, $0.001 par value per share06/23/2026M56,023A(1)96,792D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)06/23/2026M56,023 (3) (3)Common stock, $0.001 par value per share56,023$00D
Restricted Stock Units(2)06/23/2026A6,950 (4) (4)Common stock, $0.001 par value per share6,950$06,950D
Explanation of Responses:
1. 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.
2. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock, $0.001 par value per share.
3. 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.
4. 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.
Remarks:
/s/ Stefanie C. Fleischmann, as attorney-in-fact for Amanda Fabiano06/25/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR