WULF TERAWULF INC.

BEARISH Impact: 7/10 Insider Cluster (2 insiders)
Horizon days Filed Mar 17, 2026 Processed 2mo ago
Insider cluster: 2 insiders, $9.3M total
Final — all horizons settled through T+60d ⚠ clustered
WULF ▲ +57.73% at T+60d
SHORT call ✗ call lost -57.73% · α vs SPY -47.55% · entry $16.04 → $25.30
Last close $26.06 (close Jun 12) · -62.47% from $16.04 entry (call sign-flipped)
Entry anchored
Mar 16, 06:47 PM ET
via Databento tick
T+1d
-4.61%
call +4.61% · α +3.22%
$15.30
settled 3mo ago
T+5d
+1.12%
call -1.12% · α -3.78%
$16.22
settled 3mo ago
T+20d
+22.63%
call -22.63% · α -18.33%
$19.67
settled 2mo ago
T+60d
+57.73%
call -57.73% · α -47.55%
$25.30
settled 5d ago

Price Chart

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Executive Summary

A significant insider trading cluster at TERAWULF Inc. (WULF) shows contrasting activity: CFO Patrick Fleury sold $9.26 million in shares, while Director Michael Bucella purchased $100,333 in open-market transactions over four days. The CFO's sale represents a material disposition, amounting to over 0.1% of the company's $6.7B market cap, and stands in stark contrast to the director's modest buying.

Key Financial Metrics

Direction
selling
Total Value
$9.3M
Insiders
2

Actionable Insight

Traders should monitor for potential downward pressure on WULF shares, as a C-suite insider exited a large position near the high end of recent trading range. The lack of offsetting C-suite buying raises concerns about internal confidence despite the director's supportive purchases.

Key Facts

  • CFO Patrick Fleury sold 573,586 shares at $16.14, totaling $9,257,678 in an open-market transaction.
  • Director Michael Bucella made four open-market purchases totaling 6,500 shares for $100,333 at prices between $14.96 and $16.00.
  • The CFO's sale represents approximately 0.14% of TERAWULF's $6.7B market capitalization, making it a materially significant transaction.
  • No other C-suite executives or directors engaged in open-market purchases of comparable size.
  • Recent 30-day insider activity shows $200K in buys versus $9.3M in sells, dominated by this CFO transaction.

Financial Impact

$9.26 million in insider selling by CFO, offset by $100K in director buying

insider sentimentownership concentrationinvestor confidence

Risk Factors

  • CFO's sale may signal lack of confidence in near-term prospects or valuation.
  • Asymmetric insider activity could erode retail investor sentiment.
  • Risk of follow-on selling if other insiders interpret the CFO's move as a signal.

Market Snapshot

Exchange
Nasdaq

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (5 trades, 7d window)cluster-WULF-1774047985412
12 reports for WULF
Performance horizon
88% Hit rate 7 of 8 directional calls best @ T+1▲ +4.61%Mar 17, 2026
Filters
Rows
Reports for WULF — sortable, filterable
Type Now
May 26, 2026
19d ago
8-K
NEUTRAL ★ 5/10
$25.18 $25.66▲ +1.91%▲ +0.82%$26.06 (+3.49%)
May 8, 2026
5w ago
8-K
BEARISH ★ 7/10
$23.39 $24.17▼ −3.33%▼ −1.87%$26.06 (−11.42%)
May 8, 2026
5w ago
Press Release
BEARISH ★ 7/10
$23.39 $24.17▼ −3.33%▼ −1.87%$26.06 (−11.42%)
Apr 30, 2026
6w ago
Press Release
NEUTRAL ★ 2/10
$21.73 $25.74▲ +18.45%▲ +16.73%$26.06 (+19.93%)
Apr 16, 2026
8w ago
8-K
BEARISH ★ 8/10
$20.64 $20.01▲ +3.05%▲ +3.61%$26.06 (−26.26%)
Apr 16, 2026
8w ago
424B5
BEARISH ★ 8/10
$19.31 $20.37▼ −5.49%▼ −4.51%$26.06 (−34.96%)
Apr 15, 2026
8w ago
8-K
BEARISH ★ 7/10
$19.67 $20.55▼ −4.47%▼ −2.83%$26.06 (−32.49%)
Apr 14, 2026
8w ago
8-K
BEARISH ★ 8/10
$19.67 $20.55▼ −4.47%▼ −2.83%$26.06 (−32.49%)
Apr 14, 2026
8w ago
S-3ASR
NEUTRAL ★ 3/10
$19.67 $20.55▲ +4.47%▲ +2.83%$26.06 (+32.49%)
Mar 17, 2026
12w ago
Insider Cluster
BEARISH ★ 7/10
$16.04 $16.22▼ −1.12%▼ −3.78%$26.06 (−62.47%)
Showing 10 of 12

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