Bucella Michael C. 4

What Happened Michael C. Bucella, a director of Terawulf Inc. (WULF), was issued 1,733 shares on March 31, 2026 as an award/compensation grant (reported as acquisition code "A"). The filing shows the price per share as N/A in the table, but a footnote states the shares were issued in lieu of cash retainers at the March 31, 2026 closing price of $14.43, implying an aggregate value of about $25,007. This is an issuance of shares (compensation), not an open-market purchase or sale.

Key Details

• Transaction date: March 31, 2026; Form 4 filed April 9, 2026 (9 days later).
• Shares issued: 1,733; price per share per footnote: $14.43; implied total value ≈ $25,007.
• Table price shows N/A; footnote F1 clarifies issuance "in lieu of cash retainers accrued since the beginning of the first fiscal quarter of 2026."
• Shares owned after the transaction: not specified in the information provided in this summary.
• Timing note: the Form 4 was filed nine days after the transaction date, which is later than the typical two-business-day filing expectation for Form 4s.

Context Director stock awards in lieu of cash retainers are a common way companies compensate board members and conserve cash; they are routine and do not by themselves indicate a personal buy or sell signal. For retail investors, purchases by insiders can be more directly informative about personal conviction, whereas compensation-related issuances are generally neutral.