Carter Walter E. 4

What Happened

• Walter E. Carter, a director of Terawulf Inc. (WULF), was awarded 2,166 shares on March 31, 2026. The Form 4 lists the transaction as an award/grant (Code A); no per-share price was shown in the transaction table.
• A footnote states the shares were issued in lieu of cash retainers accrued since the start of Q1 2026 and were valued using the March 31, 2026 closing price of $14.43 per share, giving an approximate aggregate value of $31,255.38.

Key Details

• Transaction date: 2026-03-31 (reported on Form 4 filed 2026-04-09).
• Transaction code: A (award/grant).
• Shares issued: 2,166; per-footnote valuation: $14.43/share; total ≈ $31,255.38.
• Shares owned after transaction: not specified in the filing.
• Footnote: Shares issued in lieu of cash retainers accrued since the beginning of Q1 2026, priced at the March 31, 2026 close ($14.43).
• Timeliness: The award date is Mar 31 and the Form 4 was filed Apr 9; this is outside the typical two-business-day window for Form 4 reporting and may indicate a late filing.

Context

• This was an equity award issued as compensation (shares in lieu of cash retainer), not an open-market purchase or sale. Such awards are routine director compensation and do not necessarily indicate the director bought or sold stock based on a view of the company’s near-term prospects.
• Transaction code A simply reflects a grant/award; there was no exercise, sale, or gift involved in this reported transaction.