Bucella Michael C. 4

What Happened
Michael C. Bucella, a director of Terawulf Inc. (WULF), was granted 1,013 shares of common stock on 2026-06-30 as an award/acquisition (Form 4 code A). The shares were issued at $24.70 per share (the closing price on June 30, 2026), with a total value of approximately $25,021.10. This was a non-sale issuance in lieu of cash retainer (compensation), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-30; filing date: 2026-07-01 (timely Form 4 filing).
• Price used: $24.70 per share (closing price on 6/30/2026).
• Shares granted: 1,013; estimated value: $25,021.10.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: Shares were issued in lieu of cash retainers accrued since the start of Terawulf’s second fiscal quarter of 2026.
• Transaction type: Award/Grant (A) — compensation issuance.

Context
Awards issued in lieu of cash retainers are a routine form of director compensation and do not necessarily indicate the director’s personal buying or selling sentiment. For retail investors, purchases are generally viewed as a stronger signal than compensation-based grants; treat this as compensation disclosure rather than an independent bullish or bearish insider trade.