WULF CLUSTER SEC Filing Analysis

Latest settled — T+20d

WULF ▲ +22.63% at T+20d

SHORT call ✗ call lost -22.63% · α vs SPY -18.33% · entry $16.04 → $19.67

Next anchor: T+60d in 6h

Last close $25.86 (close Jun 8) · -61.22% 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 8w ago

T+60d

—

call — · α —

—

in 6h

Price Chart

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Executive Summary

Terawulf's CEO sold over $4.47 million in shares over three days in mid-March 2026, while a single director purchased $25,042 worth. The CEO's sales represent a significant portion of recent insider activity and are materially larger in value than offsetting purchases.

Key Financial Metrics

Direction

selling

Total Value

$4.5M

Insiders

2

Actionable Insight

Monitor for upcoming earnings, potential dilution, or strategic shifts. A CEO selling at this scale — especially when not matched by other insiders — can signal lack of confidence in future stock performance or valuation concerns.

Key Facts

CEO Paul B. Prager sold 271,200 shares in two open-market transactions on March 20 and March 25, 2026, totaling $4,478,054.68.
Director Michael C. Bucella purchased 1,665 shares for $25,041.60, representing minimal buying activity.
Total net insider activity in the 7-day cluster is overwhelmingly skewed toward selling, with $4.48M in sales versus $25K in purchases.
The CEO's sales amount to approximately 0.065% of Terawulf's $6.9B market cap — a material insider divestment by a top executive.

Financial Impact

$4.48 million in net insider selling by CEO, offset by $25K in director buying

insider ownershipinvestor sentimentperceived confidence in near-term outlook

Risk Factors

Insider selling may precede negative news or weaker-than-expected financial results.
Concentration of selling by the CEO increases perception of top-down concern about the company's trajectory.

Market Snapshot

Exchange

Nasdaq

Documents Analyzed

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

Document	Accession Number
CONTEXT: Insider Cluster Data (3 trades, 7d window)	cluster-WULF-1774483248979

12 reports for WULF

T+1T+5T+20T+60

88% Hit rate 7 of 8 directional calls best @ T+1▲ +4.61%Mar 17, 2026

Filters

Reports for WULF — sortable, filterable
	Type				Now
May 26, 2026 14d ago	8-K NEUTRAL ★ 5/10	$25.18 $25.66	▲ +1.91%	▲ +0.82%	$25.86 (+2.70%)
May 8, 2026 4w ago	8-K BEARISH ★ 7/10	$23.39 $24.17	▼ −3.33%	▼ −1.87%	$25.86 (−10.56%)
May 8, 2026 4w ago	Press Release BEARISH ★ 7/10	$23.39 $24.17	▼ −3.33%	▼ −1.87%	$25.86 (−10.56%)
Apr 30, 2026 5w ago	Press Release NEUTRAL ★ 2/10	$21.73 $25.74	▲ +18.45%	▲ +16.73%	$25.86 (+19.01%)
Apr 16, 2026 7w ago	8-K BEARISH ★ 8/10	$20.64 $20.01	▲ +3.05%	▲ +3.61%	$25.86 (−25.29%)
Apr 16, 2026 7w ago	424B5 BEARISH ★ 8/10	$19.31 $20.37	▼ −5.49%	▼ −4.51%	$25.86 (−33.92%)
Apr 15, 2026 8w ago	8-K BEARISH ★ 7/10	$19.67 $20.55	▼ −4.47%	▼ −2.83%	$25.86 (−31.47%)
Apr 14, 2026 8w ago	8-K BEARISH ★ 8/10	$19.67 $20.55	▼ −4.47%	▼ −2.83%	$25.86 (−31.47%)
Apr 14, 2026 8w ago	S-3ASR NEUTRAL ★ 3/10	$19.67 $20.55	▲ +4.47%	▲ +2.83%	$25.86 (+31.47%)
Mar 17, 2026 12w ago	Insider Cluster BEARISH ★ 7/10	$16.04 $16.22	▼ −1.12%	▼ −3.78%	$25.86 (−61.22%)

US Market Status

Market Closed — Opens in 7h 19m

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