Tanimoto William Joseph 4

What Happened

• William Joseph Tanimoto, Chief Accounting Officer of TeraWulf (WULF), had Restricted Stock Units (RSUs) vest and be converted on June 24, 2026. The Form 4 shows an exercise/conversion (transaction code M) resulting in 10,000 shares acquired and a simultaneous disposition of 10,000 shares.
• The filing does not list a per-share price or total dollar value (reported as N/A). The acquisition reflects conversion of RSUs into common shares rather than an open‑market purchase.

Key Details

• Transaction date: 2026-06-24 (Form filed 2026-06-25).
• Transactions reported as "M" (exercise or conversion of a derivative): +10,000 shares acquired; -10,000 shares disposed.
• Price/Value: Not specified in the filing (N/A).
• Shares owned after the transaction: Not disclosed in this Form 4.
• Footnotes: The RSUs vested on the first anniversary of June 24, 2025 (subject to continued employment). Each RSU converts to one common share. Remaining RSUs (if any) vest on the 2nd and 3rd anniversaries per the award terms.
• Timeliness: Filing appears timely (period of report 6/24/2026, filed 6/25/2026).

Context

• Transaction code M indicates an exercise or conversion of a derivative instrument — in this case RSUs converting into common stock. This is a routine equity‑compensation event rather than an open‑market buy or sell.
• The simultaneous acquisition and disposition of equal share counts is commonly seen with vested awards when shares are converted and some are transferred or surrendered (e.g., to satisfy obligations), though this particular filing does not state the reason for the disposition.