Carter Walter E. 4
4 · TERAWULF INC. · Filed Jun 25, 2026
Research Summary
AI-generated summary of this filing
Terawulf (WULF) Director Carter Walter Exercises Derivatives, Receives Shares
What Happened
Carter Walter, a director of Terawulf Inc. (WULF), reported derivative and award activity dated 2026-06-23. He converted/exercised 56,023 derivative units (transaction code M) and an equal number (56,023) were reported as disposed at $0.00. He also was credited with 6,950 shares as an award/grant (code A) at $0.00. The filing shows $0.00 cash consideration for these items, indicating issuance/transfer on vesting or conversion rather than an open‑market purchase or cash sale.
Key Details
- Transaction date: 2026-06-23; Form 4 filed 2026-06-25 (within the standard two-business-day reporting window).
- Converted/exercised derivative units: 56,023 (code M); same number reported disposed at $0.00 (derivative).
- Award/grant received: 6,950 shares (code A) at $0.00.
- Shares owned after transaction: not specified in the filing.
- Footnotes:
- F1/F3: RSUs reported vested upon the first anniversary of June 23, 2025, subject to continued service.
- F2: Each restricted stock unit (RSU) represents the contingent right to one share.
- F4: Mentions RSUs that will vest on the first anniversary of June 23, 2026 (indicates differing vesting schedules in the filing).
- Disposition at $0.00: the filing does not state the reason; such zero‑dollar dispositions commonly reflect transfers tied to vesting, net settlement, or withholding, not a cash sale.
Context
Transaction code M indicates an exercise or conversion of a derivative (e.g., vested RSUs or options converting into shares). Code A reflects receipt of awarded/vested shares. This activity appears to be issuance/settlement related to previously granted/contingent awards rather than an open‑market trade; it does not, by itself, signal a cash investment or sale.
Insider Transaction Report
- Exercise/Conversion
Common stock, $0.001 par value per share
[F1]2026-06-23+56,023→ 358,450 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-06-23−56,023→ 0 total→ Common stock, $0.001 par value per share (56,023 underlying) - Award
Restricted Stock Units
[F2][F4]2026-06-23+6,950→ 6,950 total→ Common stock, $0.001 par value per share (6,950 underlying)
Footnotes (4)
- [F1]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.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock, $0.001 par value per share.
- [F3]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.
- [F4]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.