TERAWULF (WULF) CSO Kerri Langlais Receives 500K Shares; 276.5K Withheld

What Happened

• Kerri M. Langlais, Chief Strategy Officer and Director of TERAWULF (WULF), had 500,000 restricted stock units (RSUs) vest and convert into common shares on August 1, 2026 (recorded as an exercise/conversion of a derivative, code M). Following the vesting, 276,500 shares were disposed to the issuer to satisfy tax withholding (disposition to issuer, code D). The Form 4 shows N/A for per-share prices and does not disclose a cash value for these transactions.

Key Details

• Transaction dates: RSU conversion/vesting recorded 2026-08-01; withholding disposition recorded 2026-08-03; Form 4 filed 2026-08-03.
• Transactions reported: 500,000 RSUs converted to shares (M); 276,500 shares withheld/disposed to issuer for taxes (D). The filing also shows a 500,000-share derivative disposition entry associated with the conversion.
• Price/value: Per-share price listed as N/A; no total dollar value shown in the filing.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1/F4 — these RSUs vested on the first anniversary of August 1, 2025 (i.e., Aug 1, 2026) subject to continued service; remaining RSUs vest ratably on the second and third anniversaries.
  • F2 — the 276,500-share disposition was tax withholding due to the reporting person's election of net settlement.
  • F3 — each RSU equals one share.
• Filing timeliness: Form filed on Aug 3 for transactions on Aug 1–3; no late filing flag indicated.

Context

• This was a vesting/conversion of restricted stock units, not an open-market buy or sale. The withholding of 276,500 shares to the issuer is a routine tax-withholding event (net settlement) and is common when equity awards vest.
• The transaction codes: M = exercise/conversion of derivative (here, RSUs converting to shares); D = disposition (to issuer); F = tax withholding. These events do not necessarily signal a change in insider sentiment.