December 9, 2025 · Form 4 insider transaction
Bucella Michael C. sold 250 shares of TERAWULF INC at $1000.00 per share, a transaction worth $250.0K. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 2 days after the transaction.
As of the date of the event requiring the filing of this report, the 250 shares of Series A Convertible Preferred Stock (the "Preferred Stock") were converted into 35,487 shares of common stock, par value $0.001 per share, via a mandatory conversion by the Issuer of all of the shares of its Preferred Stock pursuant to Sec. 10(c) of the Certificate of Designations of the Preferred Stock, at a conversion price of $10.00 per share of Preferred Stock, as previously disclosed on the Issuer's current report on Form 8-K filed on November 25, 2025.