2021 Omnibus Incentive Plan share pool auto-increases through fiscal 2026
Company: TeraWulf
The claim, verbatim
The share pool under the TeraWulf 2021 Omnibus Incentive Plan (13,660,117 shares authorized) will automatically increase each fiscal year through 2026 by the lesser of 1% of fully-diluted outstanding shares or an amount determined by the board of directors
Source (primary)
TeraWulf 10-K/A filed 2023-05-05 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Share Pool will automatically increase each fiscal year following May 13, 2021, which began fiscal year 2022 and will end with fiscal year 2026, by the lesser of (i) 1% of the total number of shares of our common stock outstanding on the last day of the immediately preceding fiscal year on a fully diluted basis assuming that all shares available for issuance under the 2021 Plan are issued and outstanding or (ii) such number of shares of our common stock determined by our board of directors”
How we checked this
Additional evidence
confirms TeraWulf 10-K/A filed 2023-05-05
Quote: “The Share Pool will automatically increase each fiscal year following May 13, 2021, which began fiscal year 2022 and will end with fiscal year 2026, by the lesser of (i) 1% of the total number of shares of our common stock outstanding on the last day of the immediately preceding fiscal year on a fully diluted basis assuming that all shares available for issuance under the 2021 Plan are issued and outstanding or (ii) such number of shares of our common stock determined by our board of directors”