Fabiano Amanda 4

What Happened

• Amanda Fabiano, a director of Terawulf Inc. (WULF), reported derivative activity and an RSU award on June 23, 2026. The Form 4 shows an exercise/conversion of 56,023 derivative units (transaction code M) and a simultaneous disposition of those 56,023 shares reported at $0.00 (listed as "Derivative"). In addition, 6,950 shares were acquired as a grant/award (transaction code A) at $0.00 — these are restricted stock units (RSUs) that vested.
• No cash sale price or market proceeds are reported for the derivative disposition ($0.00), and the RSU grant shows no purchase price (typical for vested awards). This is not an open‑market buy or sell.

Key Details

• Transaction date: 2026-06-23; Form filed: 2026-06-25 (filed within the Form 4 reporting window).
• Derivative exercise/conversion: 56,023 shares (Acquired) / 56,023 shares (Disposed) @ $0.00 — coded M (exercise/conversion) and the disposition is shown as "Derivative".
• RSU award/acquisition: 6,950 shares @ $0.00 — coded A (award/grant).
• Shares owned after the transactions: not stated in the provided excerpt of the filing.
• Relevant footnotes from the filing:
  • F1/F3: The reporting person received RSUs that vested upon the first anniversary of June 23, 2025, subject to continued service.
  • F2: Each RSU represents a contingent right to one share of common stock.
  • F4: Some RSUs will vest upon the first anniversary of June 23, 2026, subject to continued service.
• Filing timeliness: Reported two days after the transaction date (timely under standard Form 4 rules).

Context

• The "M" code indicates exercise or conversion of derivative awards. The paired acquisition and disposition of 56,023 shares at $0.00 (labeled as "Derivative") reflects an internal conversion/settlement of derivative awards rather than an open‑market sale — common when derivatives are exercised and shares are settled or withheld for obligations.
• The 6,950 shares were RSUs that vested and converted into common shares (each RSU = one share) per the footnotes; vested awards are grants, not purchases, and don't by themselves imply a buy/sell market signal.
• No dollar proceeds or open‑market sale is reported, so there is no direct cash value shown for these transactions in this filing.