TeraWulf director receives 1,013-share stock grant

Bucella Michael C. reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 07/01/2026 - 08:14 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Bucella Michael C. reported acquisition or exercise transactions in this Form 4 filing.

TERAWULF INC. director Michael C. Bucella received a stock grant of 1,013 shares of common stock as compensation. The shares were issued in lieu of cash retainers accrued since the beginning of the second fiscal quarter of 2026, using a reference price of $24.70 per share, the closing price on June 30, 2026. Following this award, Bucella directly holds a total of 338,821 TERAWULF common shares.

Insider Trade Summary

Grant/Award: 1,013 shares

Grant/Award 1 txn

Insider Bucella Michael C.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common stock, $0.001 par value per share	1,013	$0.00	$0.00

Holdings After Transaction: Common stock, $0.001 par value per share — 338,821 shares (Direct)

Holdings Before and After: Common stock, $0.001 par value per share, 337,808 to 338,821 shares (Direct)

Footnotes (1)

1. F1. Shares of common stock issued in lieu of cash retainers accrued since the beginning of the second fiscal quarter of 2026, at a price of $24.70 per share, the closing price as of June 30, 2026

Key Figures

Shares granted: 1,013 shares Reference share price: $24.70 per share Total holdings after grant: 338,821 shares

3 metrics

Shares granted 1,013 shares Director stock grant on June 30, 2026

Reference share price $24.70 per share Closing price on June 30, 2026 used for retainers

Total holdings after grant 338,821 shares Director’s direct ownership following the transaction

Key Terms

Grant, award, or other acquisition, cash retainers, closing price

3 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

cash retainers financial

"issued in lieu of cash retainers accrued since the beginning"

closing price financial

"at a price of $24.70 per share, the closing price as of June 30, 2026"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did TERAWULF (WULF) director Michael Bucella report on this Form 4?

Director Michael C. Bucella reported receiving a grant of 1,013 TERAWULF common shares. These shares were issued as compensation in stock instead of cash retainers, based on the company’s second-quarter 2026 board fees.

Was the TERAWULF (WULF) Form 4 transaction an open-market purchase or sale?

The Form 4 shows a grant or award acquisition, not an open-market trade. Shares were issued in lieu of cash retainers, meaning they represent non-cash director compensation rather than a buy or sell decision in the market.

At what price were the TERAWULF (WULF) shares valued for this grant?

The 1,013 shares granted to Michael C. Bucella were valued at $24.70 per share. This figure reflects the closing price of TERAWULF common stock on June 30, 2026, as stated in the footnote.

How many TERAWULF (WULF) shares does Michael Bucella hold after this award?

After receiving the 1,013-share stock grant, Michael C. Bucella directly holds 338,821 TERAWULF common shares. This updated total includes the newly issued compensation shares from the reported Form 4 transaction.

What is the nature of the compensation reported in this TERAWULF (WULF) Form 4?

The compensation consists of common shares issued instead of cash board retainers accrued from early in TERAWULF’s second fiscal quarter of 2026. This structure aligns director pay with equity rather than cash, according to the footnote description.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED 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^*

Bucella Michael C.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common stock, $0.001 par value per share	06/30/2026		A		1,013	A	(1)	338,821	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares of common stock issued in lieu of cash retainers accrued since the beginning of the second fiscal quarter of 2026, at a price of $24.70 per share, the closing price as of June 30, 2026

	/s/ Stefanie C. Fleischmann, as attorney-in-fact for Michael C. Bucella	07/01/2026
	** Signature of Reporting Person	Date
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)