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Patrick Fleury granted 1,000,000 RSUs with multi-year vesting

Company: TeraWulf

This claim was withdrawn on September 14, 2026. The source confirms the 1,000,000-RSU inducement grant on May 16, 2022, but anniversary-based vesting means 25% on May 16, 2023, 25% on May 16, 2024, and 50% on May 16, 2025, so the claim's dates (2024/2025/2026) are each off by one year.

How this was decided: Evidence review against the cited source. The claim is preserved below exactly as it was originally published, so the record shows what was asserted as well as what became of it.

Subject kind
personnel
Statement date
2023-05-04
Promised by
2024-05-16
Promised amount
1000000.0 units
Current status
withdrawn

The claim, verbatim

Patrick Fleury was granted 1,000,000 RSUs as an employment inducement grant, with 25% vesting on each of May 16, 2024 and May 16, 2025, and 50% vesting on May 16, 2026, subject to continued employment

Source (primary)

TeraWulf 10-K/A filed 2023-05-05 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗

Quote: “On May 16, 2022, Mr. Fleury was granted 1,000,000 RSUs as an 'employment inducement grant' within the meaning of Rule 5635(c)(4) of the Nasdaq Listing Rules. The amount disclosed does not correspond to the actual value that may be realized by Mr. Fleury for this award... 25% of such RSUs vesting on each of the first two anniversaries of the date of grant and the remaining 50% of the RSUs vesting on the third anniversary of the grant date, subject to Mr. Fleury's continued employment or service with the Company through each such date”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms TeraWulf 10-K/A filed 2023-05-05

Quote: “On May 16, 2022, Mr. Fleury was granted 1,000,000 RSUs as an 'employment inducement grant' within the meaning of Rule 5635(c)(4) of the Nasdaq Listing Rules. The amount disclosed does not correspond to the actual value that may be realized by Mr. Fleury for this award... 25% of such RSUs vesting on each of the first two anniversaries of the date of grant and the remaining 50% of the RSUs vesting on the third anniversary of the grant date, subject to Mr. Fleury's continued employment or service with the Company through each such date”

View cached copy (2026-09-13)Live source ↗

Record of changes

September 13, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
September 14, 2026 — delayed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
September 14, 2026 — withdrawn
Evidence review against the cited source. The source confirms the 1,000,000-RSU inducement grant on May 16, 2022, but anniversary-based vesting means 25% on May 16, 2023, 25% on May 16, 2024, and 50% on May 16, 2025, so the claim's dates (2024/2025/2026) are each off by one year.