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TeraWulf Inc. (WULF)

USD20.89 -1.08 (-4.92%)
US NASDAQ Technology Software - Application
Address 9 Federal Street 21601
Easton, MD, US
CEO Paul Prager
IPO 1994-04-05
CIK 1083301 ISIN US88080T1043

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Also trades on NASDAQ Capital Market · IKNX (USD) NASDAQ Capital Market · WULF (USD)
Description

TeraWulf Inc., together with its subsidiaries, owns, develops, operates digital infrastructure in the United States. It also develops and operates bitcoin mining facilities for bitcoin mining and high-performance computing workloads, leveraging clean, cost-effective, and reliable energy. The company was founded in 2021 and is headquartered in Easton, Maryland.

Market Cap & Enterprise Value
Merger & Acquisition History
Target company Ticker Date Filing
IKONICS CORPORATION IKNX 2021-07-30 View
Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD20.89 -1.08 (-4.92%)
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Volume Profile
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Liquidity & share structure
Average Volume
30M
Beta
4.26
Float Shares
329.49M
Free Float %
80.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.44% -10.59% +17.22% +40.22% +95.21% +98.43% +495.30% +1,343.04% +148.91% +105.04% +1,784.30%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (12 ratings, all time) Buy
Price Targets & DCF
Current price
20.89
Low 25.00 +19.7%
Consensus 31.08 +48.8%
Median 30.00 +43.6%
High 41.50 +98.7%
Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 5 0
Buy 8 -1
Hold 0 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month 4
32.13
+53.8%
Last Quarter 5
31.70
+51.7%
Last Year 17
23.51
+12.5%
All Time 30
16.38
-21.6%
Quality scores
Altman Z-Score
0.49
Distress
Piotroski F-Score
1 / 9
Weak
MOAT Score
1 / 10
No MOAT
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Software - Application: +13.0%
    +20.3% Q1'26: -1.1% (vs Q1'25)
  • EPS growth Software - Application: +28.6%
    -690.5% Q1'26: -531.3% (vs Q1'25)
  • FCF margin FCF growth · Software - Application: +45.3%
    -105.5% Q1'26: -1,589.3% (vs Q1'25)
  • EBIT margin Software - Application: +9.4%
    -100.2% Q1'26: -399.2% (vs Q1'25)
  • ROIC Software - Application: +7.5%
    -8.2% Q1'26: -22.5% (vs Q1'25)
  • Share dilution Software - Application: +0.0%
    +13.2% Q1'26: +10.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    -68.59× Q1'26: -12.60× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (4.28) × ERP
WACC = 64% × Ke + 36% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 20.89
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
6 Rev. Ana.
4 EPS Ana.
Dec 2027
7 Rev. Ana.
5 EPS Ana.
Dec 2028
2 Rev. Ana.
1 EPS Ana.
Dec 2029
1 Rev. Ana.
1 EPS Ana.
Dec 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
15.03M
est: 14.80M (+1.6%)
69.23M
est: 100.13M (-30.9%)
140.05M
est: 142.44M (-1.7%)
168.46M
est: 177.74M (-5.2%)
344.90M
244.26M – 523.42M
+94.1% YoY
1.01B
746.82M – 1.17B
+191.6% YoY
1.16B
1.13B – 1.20B
+15.6% YoY
2.08B
1.52B – 2.62B
+79.1% YoY
3.20B
2.33B – 4.02B
+53.5% YoY
EBITDA
-38.83M
est: -331.2K (-11,623.0%)
161.0K
est: -11.45M (+101.4%)
-17.41M
est: -16.29M (-6.9%)
-75.76M
est: -20.32M (-272.8%)
-39.44M
-59.85M – -27.93M
-94.1% YoY
-115.00M
-133.80M – -85.39M
-191.6% YoY
-132.99M
-137.04M – -128.94M
-15.6% YoY
-238.25M
-299.13M – -173.60M
-79.1% YoY
-365.76M
-459.21M – -266.50M
-53.5% YoY
EBIT
-45.80M
est: -3.03M (-1,410.0%)
-29.19M
est: -39.71M (+26.5%)
-78.59M
est: -56.48M (-39.1%)
-168.81M
est: -70.48M (-139.5%)
-136.77M
-207.57M – -96.86M
-94.1% YoY
-398.86M
-464.06M – -296.16M
-191.6% YoY
-461.26M
-475.31M – -447.22M
-15.6% YoY
-826.35M
-1.04B – -602.09M
-79.1% YoY
-1.27B
-1.59B – -924.31M
-53.5% YoY
Net Income
-90.79M
est: -267.00M (+66.0%)
-73.42M
est: -57.78M (-27.1%)
-72.42M
est: -65.28M (-10.9%)
-661.42M
est: -593.91M (-11.4%)
-365.59M
-670.26M – -60.93M
+38.4% YoY
-22.27M
-32.94M – 99.91M
+93.9% YoY
-161.11M
-241.88M – -117.52M
-623.5% YoY
-61.63M
-82.10M – -39.89M
+61.7% YoY
157.06M
101.64M – 209.22M
+354.8% YoY
SGA
36.05M
est: 14.37M (+150.9%)
41.91M
est: 90.26M (-53.6%)
70.58M
est: 128.40M (-45.0%)
est: 160.23M (-100.0%)
310.92M
220.19M – 471.84M
+94.1% YoY
906.71M
673.23M – 1.05B
+191.6% YoY
1.05B
1.02B – 1.08B
+15.6% YoY
1.88B
1.37B – 2.36B
+79.1% YoY
2.88B
2.10B – 3.62B
+53.5% YoY
EPS
-0.83
est: -0.76 (-9.2%)
-0.35
est: -0.24 (-46.2%)
-0.21
est: -0.16 (-27.9%)
-1.66
est: -1.47 (-12.6%)
-0.75
-1.69 – -0.15
+49.1% YoY
0.11
-0.08 – 0.25
+114.3% YoY
-0.46
-0.61 – -0.30
-524.1% YoY
-0.16
-0.21 – -0.10
+66.1% YoY
0.40
0.26 – 0.53
+354.8% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-04-20 Oppenheimer Outperform Outperform Maintain
2026-04-15 Needham Buy Buy Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-01 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-927.70M
OE per share TTM
-2.33
Owner's Yield
-9.38%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
655.0%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
122
Total invested
167.31M
Insider transactions (90d)
10
Beneficial owners (>5%)
21
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Paul B. Prager 58.11M 58.10% 58.11M 30.88M IN United States of America 2021-12-23
2 Stammtisch Investments LLC 48.60M 48.60% 48.60M 30.88M OO Delaware 2021-12-23
3 (1) BlackRock, Inc. 20.52M 5.40% 20.23M 20.52M HC Delaware 2024-10-24
4 Bayshore Capital LLC 17.72M 17.70% 17.72M OO Puerto Rico 2021-12-23
5 Bryan Pascual 17.72M 17.70% 17.72M IN United States of America 2021-12-23
6 Revolve Capital LLC 10.82M 10.80% 10.82M 10.82M OO Puerto Rico 2021-12-22
7 Opportunity Four of Parabolic Ventures Holdings LLC 10.00M 6.89% 10.00M 10.00M OO United States 2023-01-27
8 Nazar M. Khan 7.61M 7.60% 3.59M 4.02M IN United States of America 2021-12-23
9 Yaqeen Trust I 2.68M 2.70% 2.68M OO Minnesota 2021-12-23
10 Lake Harriet Holdings, LLC 909.7K 0.90% 909.7K OO Delaware 2021-12-23
11 Joseph R. Nerges 358.8K 18.24% 358.8K 358.8K IN United States 2010-02-12
12 C. Ulland 241.0K 12.20% 241.0K 241.0K IN States 2021-02-09
13 William C. Ulland 236.0K 11.80% 236.0K 236.0K IN United States 2017-02-13
14 DAVID ELLIOT LAZAR 193.5K 9.80% 30.7K 162.8K IN 2020-11-02
15 H. Leigh Severance 175.1K 8.54% 175.1K 175.1K IN United States 2008-02-14
16 CUSTODIAN VENTURES LLC 162.8K 8.20% 162.8K OO 2020-11-02
17 (: 156.0K 12.30% 156.0K 156.0K IN United States 2003-02-12
18 DPW Holdings, Inc. 140.7K 7.12% 140.7K 140.7K 10.00 CO DELAWARE 2021-01-14
19 Gerald W. Simonson 125.5K 6.30% 125.5K 125.5K IN United States 2019-02-14
20 13G 116.2K 11.00% 116.2K 116.2K IN United States 2015-02-03
21 ACTIVIST INVESTING LLC 7.5K 1.00% 7.5K OO 2020-11-02

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
122
-363 vs prev Q
New positions
27
Closed positions
326
Increased
62
Reduced
30
Put/Call ratio
31.43
Calls held
95.6K
Puts held
3.00M
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 2.00M +2.0M (+100.0%) 22.98B +23.0B (+100.0%) 0.50% +0.498 pp 16.61% +16.608 pp USD11.49 +0.0% 1 qtrs NEW
2 VANGUARD GROUP INC 33.64M +9.2M (+37.4%) 386.56M +107.0M (+38.3%) 8.38% +2.051 pp 0.01% +0.001 pp USD6.08 +89.0% 17 qtrs
3 BLACKROCK, INC. 27.90M +1.9M (+7.3%) 320.55M +23.5M (+7.9%) 6.95% +0.225 pp 0.01% +0.000 pp USD5.56 +106.7% 6 qtrs
4 JANE STREET GROUP, LLC 13.71M +3.1M (+29.2%) 157.56M +36.4M (+30.0%) 3.41% +0.673 pp 0.02% +0.005 pp USD8.76 +31.2% 6 qtrs
5 CITADEL ADVISORS LLC 13.31M +2.1M (+19.0%) 152.89M +25.2M (+19.7%) 3.31% +0.423 pp 0.02% +0.004 pp USD8.62 +33.3% 11 qtrs
6 MORGAN STANLEY 9.64M +724.3K (+8.1%) 110.78M +8.9M (+8.8%) 2.40% +0.096 pp 0.01% +0.000 pp USD5.69 +101.9% 17 qtrs
7 GEODE CAPITAL MANAGEMENT, LLC 8.38M +318.8K (+4.0%) 96.27M +4.2M (+4.6%) 2.09% +0.003 pp 0.01% +0.000 pp USD3.51 +227.4% 17 qtrs
8 STATE STREET CORP 7.35M +298.6K (+4.2%) 84.45M +3.9M (+4.9%) 1.83% +0.008 pp 0.00% +0.000 pp USD4.05 +183.7% 16 qtrs
9 POINT72 ASSET MANAGEMENT, L.P. 6.37M +6.2M (+2,843.2%) 73.24M +70.8M (+2,861.2%) 1.59% +1.531 pp 0.08% +0.078 pp USD11.27 +2.0% 7 qtrs
10 FMR LLC 6.37M +3.5M (+123.9%) 73.17M +40.7M (+125.3%) 1.59% +0.851 pp 0.00% +0.002 pp USD11.44 +0.4% 14 qtrs
11 VOLORIDGE INVESTMENT MANAGEMENT, LLC 6.21M +163.8K (+2.7%) 71.31M +2.3M (+3.3%) 1.55% -0.016 pp 0.25% +0.019 pp USD11.42 +0.6% 2 qtrs
12 DRIEHAUS CAPITAL MANAGEMENT LLC 5.86M -3.1M (-34.9%) 67.38M -35.5M (-34.5%) 1.46% -0.868 pp 0.46% -0.279 pp USD8.80 +30.6% 7 qtrs
13 SCOGGIN MANAGEMENT LP 5.50M +2.9M (+109.5%) 63.20M +33.2M (+110.8%) 1.37% +0.691 pp 9.69% +5.002 pp USD11.46 +0.3% 2 qtrs
14 BANK OF AMERICA CORP /DE/ 5.29M -775.7K (-12.8%) 60.77M -8.5M (-12.3%) 1.32% -0.250 pp 0.00% 0.000 pp USD3.14 +265.9% 17 qtrs
15 WELLINGTON MANAGEMENT GROUP LLP 4.54M +642.4K (+16.5%) 52.21M +7.7M (+17.2%) 1.13% +0.123 pp 0.01% +0.001 pp USD11.42 +0.6% 11 qtrs
16 TWO SEAS CAPITAL LP 4.50M +651.6K (+16.9%) 51.74M +7.8M (+17.6%) 1.12% +0.126 pp 1.07% +0.360 pp USD7.78 +47.7% 7 qtrs
17 WOLVERINE ASSET MANAGEMENT LLC 4.46M +191.0K (+4.5%) 51.20M +2.5M (+5.1%) 1.11% +0.007 pp 0.40% +0.043 pp USD4.15 +176.9% 5 qtrs
18 TWO SIGMA INVESTMENTS, LP 3.96M -4.7M (-54.5%) 45.46M -53.7M (-54.2%) 0.99% -1.260 pp 0.06% -0.084 pp USD6.64 +73.0% 12 qtrs
19 D. E. SHAW & CO., INC. 3.85M +1.1M (+41.6%) 44.18M +13.2M (+42.5%) 0.96% +0.256 pp 0.02% +0.007 pp USD11.44 +0.4% 2 qtrs
20 PEAK6 LLC 3.74M -2.3M (-38.4%) 43.02M -26.4M (-38.1%) 0.93% -0.640 pp 0.08% -0.022 pp USD10.97 +4.7% 5 qtrs
21 CAPTION MANAGEMENT, LLC 3.67M +1.9M (+112.7%) 42.20M +22.5M (+114.0%) 0.91% +0.468 pp 0.29% +0.136 pp USD9.67 +18.8% 8 qtrs
22 INVESCO LTD. 3.58M +2.1M (+149.8%) 41.08M +24.7M (+151.4%) 0.89% +0.521 pp 0.01% +0.004 pp USD10.95 +4.9% 16 qtrs
23 UBS GROUP AG 3.47M +767.7K (+28.4%) 39.89M +9.0M (+29.2%) 0.86% +0.166 pp 0.01% +0.002 pp USD5.79 +98.4% 15 qtrs
24 PARALLAX VOLATILITY ADVISERS, L.P. 3.26M +2.1M (+174.7%) 37.44M +23.9M (+176.4%) 0.81% +0.505 pp 0.07% +0.053 pp USD9.91 +15.9% 8 qtrs
25 MARSHALL WACE, LLP 3.19M +2.7M (+574.2%) 36.61M +31.2M (+578.3%) 0.79% +0.671 pp 0.03% +0.028 pp USD11.26 +2.0% 17 qtrs
26 NOMURA HOLDINGS INC 3.00M +532.2K (+21.6%) 34.46M +6.3M (+22.3%) 0.75% +0.109 pp 0.05% +0.002 pp USD6.23 +84.4% 7 qtrs
27 HODGES CAPITAL MANAGEMENT INC. 2.87M -919.2K (-24.3%) 32.94M -10.3M (-23.8%) 0.71% -0.265 pp 2.83% -0.868 pp USD2.94 +290.8% 6 qtrs
28 SUSQUEHANNA INTERNATIONAL GROUP, LLP 2.85M +2.3M (+428.7%) 32.73M +26.6M (+432.0%) 0.71% +0.570 pp 0.00% +0.003 pp USD10.18 +12.9% 16 qtrs
29 SQUAREPOINT OPS LLC 2.81M +2.3M (+412.3%) 32.25M +26.0M (+415.4%) 0.70% +0.557 pp 0.03% +0.028 pp USD10.64 +8.0% 9 qtrs
30 TOROSO INVESTMENTS, LLC 2.77M -286.6K (-9.4%) 31.79M -3.1M (-8.8%) 0.69% -0.100 pp 0.08% +0.006 pp USD4.45 +158.2% 12 qtrs
31 AROSA CAPITAL MANAGEMENT LP 2.71M +2.7M (+100.0%) 31.14M +31.1M (+100.0%) 0.67% +0.675 pp 3.91% +3.914 pp USD11.49 +0.0% 1 qtrs NEW
32 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 2.70M +164.8K (+6.5%) 31.00M +2.1M (+7.2%) 0.67% +0.017 pp 0.00% +0.000 pp USD4.94 +132.6% 16 qtrs
33 CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. 2.65M +721.5K (+37.3%) 30.49M +8.4M (+38.2%) 0.66% +0.161 pp 0.08% +0.010 pp USD11.44 +0.4% 2 qtrs
34 NORTHERN TRUST CORP 2.61M +5.1K (+0.2%) 29.97M +240.8K (+0.8%) 0.65% -0.023 pp 0.00% +0.000 pp USD3.89 +195.4% 16 qtrs
35 CANADA PENSION PLAN INVESTMENT BOARD 2.60M +2.6M (+100.0%) 29.87M +29.9M (+100.0%) 0.65% +0.648 pp 0.02% +0.020 pp USD11.49 +0.0% 1 qtrs NEW
36 COVALIS CAPITAL LLP 2.43M +2.4M (+100.0%) 27.89M +27.9M (+100.0%) 0.60% +0.605 pp 1.96% +1.959 pp USD11.49 +0.0% 1 qtrs NEW
37 CITIGROUP INC 2.30M -1.5M (-39.3%) 26.43M -16.9M (-38.9%) 0.57% -0.407 pp 0.01% -0.008 pp USD11.20 +2.6% 16 qtrs
38 WALLEYE TRADING LLC 2.22M +850.5K (+62.2%) 25.49M +9.9M (+63.2%) 0.55% +0.199 pp 0.04% +0.013 pp USD9.18 +25.2% 6 qtrs
39 VAN ECK ASSOCIATES CORP 2.22M +253.4K (+12.9%) 25.49M +3.0M (+13.6%) 0.55% +0.045 pp 0.02% +0.000 pp USD4.41 +160.5% 16 qtrs
40 MEREWETHER INVESTMENT MANAGEMENT, LP 2.16M +2.2M (+100.0%) 24.87M +24.9M (+100.0%) 0.54% +0.539 pp 0.57% +0.572 pp USD11.49 +0.0% 1 qtrs NEW
41 TWO SIGMA ADVISERS, LP 2.14M -5.8M (-73.0%) 24.56M -65.7M (-72.8%) 0.53% -1.512 pp 0.05% -0.133 pp USD10.80 +6.4% 4 qtrs
42 MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. 1.96M -1.0M (-34.1%) 22.53M -11.5M (-33.7%) 0.49% -0.281 pp 0.03% -0.021 pp USD5.42 +112.0% 7 qtrs
43 SIMPLEX TRADING, LLC 1.94M +1.1M (+125.1%) 22.30M +12.5M (+126.5%) 0.48% +0.261 pp 0.01% +0.008 pp USD8.20 +40.1% 9 qtrs
44 HRT FINANCIAL LP 1.88M -318.0K (-14.5%) 21.62M -3.5M (-13.9%) 0.47% -0.100 pp 0.07% -0.024 pp USD9.18 +25.2% 6 qtrs
45 GOLDMAN SACHS GROUP INC 1.88M -526.5K (-21.9%) 21.60M -5.9M (-21.4%) 0.47% -0.154 pp 0.00% -0.001 pp USD4.98 +130.7% 3 qtrs
46 ZWEIG-DIMENNA ASSOCIATES LLC 1.87M -12.0K (-0.6%) 21.51M -6.0K (0.0%) 0.47% -0.021 pp 1.33% -0.170 pp USD4.48 +156.5% 6 qtrs
47 MAREX GROUP PLC 1.78M +1.8M (+100.0%) 20.42M +20.4M (+100.0%) 0.44% +0.443 pp 0.13% +0.129 pp USD11.49 +0.0% 3 qtrs
48 PARK WEST ASSET MANAGEMENT LLC 1.42M +843.1K (+145.4%) 16.35M +9.7M (+146.9%) 0.35% +0.205 pp 1.36% +0.800 pp USD11.46 +0.3% 2 qtrs
49 VIDENT ADVISORY, LLC 1.28M -93.5K (-6.8%) 14.67M -978.7K (-6.3%) 0.32% -0.036 pp 0.13% -0.016 pp USD4.43 +159.4% 10 qtrs
50 LMR PARTNERS LLP 1.28M +1.3M (+100.0%) 14.67M +14.7M (+100.0%) 0.32% +0.318 pp 0.03% +0.028 pp USD11.49 +0.0% 1 qtrs NEW
51 NUVEEN, LLC 1.27M +462.8K (+57.2%) 14.54M +5.4M (+58.6%) 0.32% +0.108 pp 0.00% +0.001 pp USD7.55 +52.2% 4 qtrs
52 EXCHANGE TRADED CONCEPTS, LLC 1.25M -260.0K (-17.2%) 14.34M -2.9M (-16.7%) 0.31% -0.079 pp 0.11% -0.037 pp USD4.42 +160.0% 15 qtrs
53 UBS ASSET MANAGEMENT AMERICAS INC 1.22M +735.9K (+152.9%) 13.99M +8.5M (+154.4%) 0.30% +0.179 pp 0.00% +0.002 pp USD8.93 +28.7% 7 qtrs
54 TREXQUANT INVESTMENT LP 1.21M +48.3K (+4.2%) 13.89M +636.0K (+4.8%) 0.30% +0.001 pp 0.12% -0.013 pp USD11.42 +0.6% 2 qtrs
55 1832 ASSET MANAGEMENT L.P. 1.19M +1.1M (+1,171.7%) 13.73M +12.7M (+1,179.5%) 0.30% +0.273 pp 0.01% +0.010 pp USD11.48 +0.1% 2 qtrs
56 NEXT CENTURY GROWTH INVESTORS LLC 1.18M +408.4K (+52.9%) 13.56M +4.7M (+53.8%) 0.29% +0.094 pp 0.94% +0.299 pp USD11.44 +0.4% 2 qtrs
57 ARDSLEY ADVISORY PARTNERS LP 1.17M -35.0K (-2.9%) 13.39M -354.0K (-2.6%) 0.29% -0.020 pp 1.47% -0.230 pp USD4.02 +185.8% 7 qtrs
58 BIT CAPITAL GMBH 1.16M +420.6K (+57.1%) 13.30M +4.9M (+58.0%) 0.29% +0.098 pp 0.49% +0.201 pp USD7.62 +50.8% 12 qtrs
59 LORD, ABBETT & CO. LLC 1.09M +223.3K (+25.9%) 12.48M +2.6M (+26.6%) 0.27% +0.048 pp 0.04% +0.009 pp USD11.43 +0.5% 2 qtrs
60 CENTIVA CAPITAL, LP 1.05M +1.1M (+100.0%) 12.12M +12.1M (+100.0%) 0.26% +0.263 pp 0.10% +0.099 pp USD11.49 +0.0% 1 qtrs NEW
61 WALLEYE CAPITAL LLC 1.03M +553.6K (+116.3%) 11.83M +6.4M (+117.6%) 0.26% +0.133 pp 0.04% +0.016 pp USD11.12 +3.3% 8 qtrs
62 NISHKAMA CAPITAL, LLC 1.02M -128.9K (-11.2%) 11.71M -1.4M (-10.7%) 0.25% -0.043 pp 0.47% +0.157 pp USD11.42 +0.6% 2 qtrs
63 BANK OF NEW YORK MELLON CORP 1.00M +154.9K (+18.3%) 11.52M +1.8M (+19.0%) 0.25% +0.031 pp 0.00% +0.000 pp USD5.16 +122.7% 16 qtrs
64 AXXCESS WEALTH MANAGEMENT, LLC 1.00M +— (+0.0%) 11.49M +70.0K (+0.6%) 0.25% -0.009 pp 0.13% -0.113 pp USD1.37 +738.7% 11 qtrs
65 MILLENNIUM MANAGEMENT LLC 1.00M +943.9K (+1,682.5%) 11.49M +10.8M (+1,693.5%) 0.25% +0.235 pp 0.00% +0.005 pp USD11.49 +0.0% 2 qtrs
66 PUBLIC SECTOR PENSION INVESTMENT BOARD 974.3K +974.3K (+100.0%) 11.19M +11.2M (+100.0%) 0.24% +0.243 pp 0.04% +0.038 pp USD11.49 +0.0% 1 qtrs NEW
67 COVALIS (GIBRALTAR) LTD 939.9K +939.9K (+100.0%) 10.80M +10.8M (+100.0%) 0.23% +0.234 pp 8.61% +8.606 pp USD11.49 +0.0% 1 qtrs NEW
68 RR ADVISORS, LLC 919.0K -207.0K (-18.4%) 10.56M -2.3M (-17.9%) 0.23% -0.062 pp 3.30% +0.255 pp USD3.56 +222.8% 4 qtrs
69 FIRST TRUST ADVISORS LP 900.0K +372.5K (+70.6%) 10.34M +4.3M (+71.7%) 0.22% +0.088 pp 0.01% +0.003 pp USD9.56 +20.2% 8 qtrs
70 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 885.9K +464.3K (+110.2%) 10.18M +5.4M (+111.4%) 0.22% +0.112 pp 0.02% +0.008 pp USD11.46 +0.3% 2 qtrs
71 CLEARBRIDGE INVESTMENTS, LLC 839.7K -181.8K (-17.8%) 9.65M -2.0M (-17.3%) 0.21% -0.055 pp 0.01% -0.001 pp USD2.73 +320.9% 4 qtrs
72 BARCLAYS PLC 839.3K +414.6K (+97.6%) 9.64M +7.7M (+385.1%) 0.21% +0.099 pp 0.00% +0.002 pp USD7.95 +44.5% 9 qtrs
73 MAN GROUP PLC 786.0K +786.0K (+100.0%) 9.03M +9.0M (+100.0%) 0.20% +0.196 pp 0.02% +0.015 pp USD11.49 +0.0% 1 qtrs NEW
74 THAMES CAPITAL MANAGEMENT LLC 770.3K -678.8K (-46.8%) 8.85M -7.7M (-46.5%) 0.19% -0.183 pp 1.29% -1.074 pp USD5.91 +94.4% 3 qtrs
75 P SCHOENFELD ASSET MANAGEMENT LP 747.0K -2.8M (-78.7%) 8.58M -31.5M (-78.6%) 0.19% -0.721 pp 3.03% -4.471 pp USD11.42 +0.6% 2 qtrs
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.40
Bearish
Ratio by volume
0.64
Neutral
Buys
8
Sells
20
Shares acquired
4.91M
Shares disposed
7.71M
Cash buys
Cash sales
5.00
Net activity
-2,803,875
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-05-06 Prager Paul B. Director / Officer M-Exempt A Common stock, $0.001 par value per share 981,162 0.00 1,865,482 D
2026-05-06 Langlais Kerri M. Director / Officer M-Exempt A Common stock, $0.001 par value per share 327,054 0.00 4,191,547 D
2026-05-06 Khan Nazar M. Director / Officer M-Exempt D Performance-Based Restricted Stock Units 817,635 0.00 817,634 D
2026-05-06 Fleury Patrick Officer M-Exempt D Performance-Based Restricted Stock Units 327,054 0.00 327,054 D
2026-04-28 Prager Paul B. Director / Officer S-Sale D Common stock, $0.001 par value per share 79,100 20.62 1.63M 884,420 D
2026-04-27 Prager Paul B. Director / Officer S-Sale D Common stock, $0.001 par value per share 80,591 20.51 1.65M 1,020,429 D
2026-04-24 Prager Paul B. Director / Officer D-Return D Common stock, $0.001 par value per share 542,582 0.00 1,101,020 D
2026-04-24 Langlais Kerri M. Director / Officer M-Exempt A Common stock, $0.001 par value per share 327,054 0.00 4,045,353 D
2026-04-24 Khan Nazar M. Director / Officer S-Sale D Common stock, $0.001 par value per share 452,152 0.00 738,626 D
2026-04-24 Fleury Patrick Officer M-Exempt A Common stock, $0.001 par value per share 327,054 0.00 3,737,496 D
2026-04-14 Prager Paul B. Director / Officer D-Return D Common stock, $0.001 par value per share 535,422 0.00 662,440 D
2026-04-14 Langlais Kerri M. Director / Officer M-Exempt D Performance-Based Restricted Stock Units 327,054 0.00 981,162 D
2026-04-14 Khan Nazar M. Director / Officer D-Return D Common stock, $0.001 par value per share 444,992 0.00 373,143 D
2026-04-14 Fleury Patrick Officer M-Exempt D Performance-Based Restricted Stock Units 327,054 0.00 981,162 D
2026-03-31 Prager Lisa A. Director A-Award A Common stock, $0.001 par value per share 1,733 14.43 25.0K 254,474 D
2026-03-31 Carter Walter E. Director A-Award A Common stock, $0.001 par value per share 2,166 14.43 31.3K 302,427 D
2026-03-31 Bucella Michael C. Director A-Award A Common stock, $0.001 par value per share 1,733 14.43 25.0K 281,785 D
2026-03-25 Prager Paul B. Director / Officer S-Sale D Common stock, $0.001 par value per share 3,800 17.62 66.9K 216,700 D
2026-03-24 Prager Paul B. Director / Officer S-Sale D Common stock, $0.001 par value per share 137,500 16.10 2.21M 354,200 D
2026-03-20 Bucella Michael C. Director P-Purchase A Common stock, $0.001 par value per share 1,665 15.04 25.0K 280,052 D
2026-03-19 Bucella Michael C. Director P-Purchase A Common stock, $0.001 par value per share 1,670 14.96 25.0K 278,387 D
2026-03-18 Bucella Michael C. Director P-Purchase A Common stock, $0.001 par value per share 1,581 15.79 25.0K 276,717 D
2026-03-17 Fleury Patrick Officer S-Sale D Common stock, $0.001 par value per share 573,586 16.14 9.26M 3,205,000 D
2026-03-17 Bucella Michael C. Director P-Purchase A Common stock, $0.001 par value per share 1,584 16.00 25.3K 275,136 D
2026-03-11 Bucella Michael C. Director P-Purchase A Common stock, $0.001 par value per share 1,338 14.91 19.9K 273,552 D
2026-03-09 Bucella Michael C. Director P-Purchase A Common stock, $0.001 par value per share 752 13.31 10.0K 272,214 D
2026-03-06 Bucella Michael C. Director P-Purchase A Common stock, $0.001 par value per share 679 14.80 10.0K 271,462 D
2026-03-05 Bucella Michael C. Director P-Purchase A Common stock, $0.001 par value per share 654 15.31 10.0K 270,783 D
2026-03-04 Bucella Michael C. Director P-Purchase A Common stock, $0.001 par value per share 3,171 15.78 50.0K 270,129 D
2026-01-14 Tanimoto William Joseph Officer A-Award A Restricted Stock Units 9,419 0.00 9,419 D
2026-01-09 Tanimoto William Joseph Officer M-Exempt D Restricted Stock Units 16,667 0.00 16,666 D
2026-01-02 Tanimoto William Joseph Officer D-Return D Common stock, $0.001 par value per share 1,724 0.00 27,527 D
2026-01-02 Prager Paul B. Director / Officer / 10% Owner A-Award A Restricted Stock Units 7,849,294 0.00 7,849,294 D
2026-01-02 Langlais Kerri M. Director / Officer A-Award A Performance-Based Restricted Stock Units 1,308,216 0.00 1,308,216 D
2026-01-02 Khan Nazar M. Director / Officer A-Award A Restricted Stock Units 6,541,078 0.00 6,541,078 D
2026-01-02 Fleury Patrick Officer A-Award A Performance-Based Restricted Stock Units 1,308,216 0.00 1,308,216 D
2025-12-31 Prager Paul B. Director / Officer M-Exempt D Warrants 141,726 0.00 0 I
2025-12-31 Prager Lisa A. Director A-Award A Common stock, $0.001 par value per share 2,176 11.49 25.0K 252,741 D
2025-12-31 Carter Walter E. Director A-Award A Common stock, $0.001 par value per share 2,720 11.49 31.3K 300,261 D
2025-12-23 Prager Paul B. Director / Officer / 10% Owner J-Other D Common stock, $0.001 par value per share 2,000,000 0.00 2.0K 33,554,688 I
2025-12-22 Khan Nazar M. Director / Officer G-Gift D Common stock, $0.001 par value per share 180,000 0.01 1.8K 14,324,023 D
2025-12-09 Pincus Steven T. Director M-Exempt A Common stock, $0.001 par value per share 7,097 0.00 7.10 336,365 D
2025-12-09 Langlais Kerri M. Director / Officer M-Exempt D Series A Convertible Preferred Stock 251 0.00 0 D
2025-12-09 Bucella Michael C. Director M-Exempt D Series A Convertible Preferred Stock 250 0.00 0 D
2025-11-20 Prager Paul B. Director / Officer / 10% Owner J-Other D Common stock, $0.001 par value per share 3,000,000 0.00 3.0K 35,554,688 I
2025-11-13 Bucella Michael C. Director P-Purchase A Common stock, $0.001 par value per share 4,178 12.01 50.2K 266,958 D
2025-10-17 Prager Paul B. Director / Officer A-Award A Common stock, $0.001 par value per share 1,173,272 0.01 11.7K 4,968,852 I
2025-10-16 Tanimoto William Joseph Officer A-Award A Restricted Stock Units 30,000 0.00 30,000 D
2025-09-30 Prager Paul B. Director / Officer A-Award A Common stock, $0.001 par value per share 3,554,688 0.00 3.6K 39,654,688 I
2025-09-30 Prager Lisa A. Director A-Award A Common stock, $0.001 par value per share 2,190 11.42 25.0K 250,565 D
2025-09-30 Carter Walter E. Director A-Award A Common stock, $0.001 par value per share 2,737 11.42 31.3K 297,541 D
2025-09-22 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 1,000,000 0.00 1.0K 3,795,580 I
2025-09-22 Motz Catherine J. Director G-Gift D Common stock, $0.001 par value per share 6,700 0.00 153,218 D
2025-09-19 Motz Catherine J. Director S-Sale D Common stock, $0.001 par value per share 52,942 11.04 584.2K 159,918 D
2025-09-19 Khan Nazar M. Director / Officer J-Other A Forward sale contract (obligation to sell) 350,000 0.00 350,000 I
2025-09-08 Prager Paul B. Director / Officer M-Exempt A Common stock, $0.001 par value per share 500,000 0.00 1,215,200 D
2025-09-08 Khan Nazar M. Director / Officer M-Exempt A Common stock, $0.001 par value per share 400,000 0.00 14,725,223 D
2025-09-03 Prager Paul B. Director / Officer D-Return D Common stock, $0.001 par value per share 276,500 0.00 715,200 D
2025-09-03 Khan Nazar M. Director / Officer D-Return D Common stock, $0.001 par value per share 221,200 0.00 14,325,223 D
2025-08-29 Prager Paul B. Director / Officer M-Exempt A Common stock, $0.001 par value per share 500,000 0.00 991,700 D
2025-08-29 Khan Nazar M. Director / Officer M-Exempt A Common stock, $0.001 par value per share 400,000 0.00 14,546,423 D
2025-08-16 Tanimoto William Joseph Officer M-Exempt D Restricted Stock Units 6,667 0.00 6,666 D
2025-08-15 Fabiano Amanda Director S-Sale D Common stock, $0.001 par value per share 4,600 8.64 39.7K 40,769 D
2025-08-12 Prager Paul B. Director / Officer A-Award A Common stock, $0.001 par value per share 15,000,000 0.00 15.0K 36,100,000 I
2025-08-01 Prager Paul B. Director / Officer A-Award A Restricted Stock Units 2,500,000 0.00 2,500,000 D
2025-08-01 Langlais Kerri M. Director / Officer A-Award A Restricted Stock Units 1,500,000 0.00 1,500,000 D
2025-08-01 Khan Nazar M. Director / Officer A-Award A Restricted Stock Units 2,000,000 0.00 2,000,000 D
2025-08-01 Fleury Patrick Officer A-Award A Restricted Stock Units 1,500,000 0.00 1,500,000 D
2025-07-07 Prager Paul B. Director / Officer A-Award A Common stock, $0.001 par value per share 1,795,580 0.00 4,795,580 I
2025-06-24 Tanimoto William Joseph Officer A-Award A Restricted Stock Units 30,000 0.00 30,000 D
2025-06-23 Prager Lisa A. Director A-Award A Restricted Stock Units 56,023 0.00 56,023 D
2025-06-23 Pincus Steven T. Director A-Award A Restricted Stock Units 63,026 0.00 63,026 D
2025-06-23 Motz Catherine J. Director A-Award A Restricted Stock Units 56,023 0.00 56,023 D
2025-06-23 Fabiano Amanda Director A-Award A Restricted Stock Units 56,023 0.00 56,023 D
2025-06-23 Carter Walter E. Director A-Award A Restricted Stock Units 56,023 0.00 56,023 D
2025-06-23 Bucella Michael C. Director A-Award A Restricted Stock Units 56,023 0.00 56,023 D
2025-06-21 Prager Lisa A. Director M-Exempt D Restricted Stock Units 21,661 0.00 0 D
2025-06-21 Pincus Steven T. Director M-Exempt A Common stock, $0.001 par value per share 27,678 0.00 329,268 D
2025-06-21 Motz Catherine J. Director M-Exempt D Restricted Stock Units 21,661 0.00 0 D
2025-06-21 Fabiano Amanda Director M-Exempt A Common stock, $0.001 par value per share 31,189 0.00 45,369 D
2025-06-21 Carter Walter E. Director M-Exempt A Common stock, $0.001 par value per share 21,661 0.00 294,804 D
2025-06-21 Bucella Michael C. Director M-Exempt D Restricted Stock Units 21,661 0.00 0 D
2025-06-20 Tanimoto William Joseph Officer Common stock, $0.001 par value per share 0 0.00 17,584 D
2025-06-18 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 1,000,000 0.00 1.0K 3,000,000 I
2025-06-18 Motz Catherine J. Director S-Sale D Common stock, $0.001 par value per share 21,182 3.92 83.0K 191,199 D
2025-06-12 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 1,000,000 0.00 1.0K 4,000,000 I
2025-06-06 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 798,319 0.00 798.32 5,000,000 I
2025-05-29 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 94,000 0.00 94.00 491,700 D
2025-05-21 Prager Paul B. Director / Officer A-Award A Common stock, $0.001 par value per share 5,000,000 0.00 5,798,319 I
2025-05-16 Fleury Patrick Officer M-Exempt D Restricted Stock Units 500,000 0.00 0 D
2025-05-16 Deane Kenneth J Officer M-Exempt A Common stock, $0.001 par value per share 100,000 0.00 624,151 D
2025-04-15 Prager Paul B. Director / Officer A-Award A Common stock, $0.001 par value per share 798,319 0.00 798,319 I
2025-04-11 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 800,000 0.00 800.00 585,700 D
2025-03-21 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 223,500 0.00 1,385,700 D
2025-03-04 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 300,000 0.00 300.00 200,883 I
2025-02-28 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 300,000 0.00 300.00 500,883 I
2025-02-10 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 298,000 0.00 298.00 800,883 I
2025-01-28 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 500,000 0.00 500.00 1,098,883 I
2025-01-27 Bucella Michael C. Director P-Purchase A Common stock, $0.001 par value per share 4,796 4.17 20.0K 205,632 D
2025-01-09 Prager Paul B. Director / Officer D-Return D Common stock, $0.001 par value per share 276,500 0.00 1,609,200 D
2025-01-09 Langlais Kerri M. Director / Officer M-Exempt D Restricted Stock Units 140,000 0.00 0 D
2025-01-09 Khan Nazar M. Director / Officer D-Return D Common stock, $0.001 par value per share 221,200 0.00 13,659,553 D
2025-01-09 Fleury Patrick Officer M-Exempt D Restricted Stock Units 140,000 0.00 0 D
2025-01-09 Deane Kenneth J Officer M-Exempt D Restricted Stock Units 54,000 0.00 0 D
2025-01-03 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 500,000 0.00 1,598,883 I
2025-01-02 Prager Paul B. Director / Officer D-Return D Common stock, $0.001 par value per share 608,300 0.00 1,385,700 D
2025-01-02 Langlais Kerri M. Director / Officer D-Return D Common stock, $0.001 par value per share 539,263 0.00 3,473,896 D
2025-01-02 Khan Nazar M. Director / Officer A-Award A Common stock, $0.001 par value per share 1,000,000 0.00 1.0K 14,026,884 D
2025-01-02 Fleury Patrick Officer D-Return D Common stock, $0.001 par value per share 379,763 0.00 3,390,426 D
2025-01-02 Deane Kenneth J Officer A-Award A Restricted Stock Units 80,000 0.00 80,000 D
2024-12-31 Prager Lisa A. Director A-Award A Common stock, $0.001 par value per share 2,651 5.66 15.0K 226,714 D
2024-12-31 Pincus Steven T. Director A-Award A Common stock, $0.001 par value per share 4,859 5.66 27.5K 301,590 D
2024-12-31 Motz Catherine J. Director A-Award A Common stock, $0.001 par value per share 2,651 5.66 15.0K 212,381 D
2024-12-31 Jarvis Christopher Allen Director A-Award A Common stock, $0.001 par value per share 2,651 5.66 15.0K 14,180 D
2024-12-31 Fabiano Amanda Director A-Award A Common stock, $0.001 par value per share 2,651 5.66 15.0K 14,180 D
2024-12-31 Carter Walter E. Director A-Award A Common stock, $0.001 par value per share 3,755 5.66 21.3K 273,143 D
2024-12-31 Bucella Michael C. Director A-Award A Common stock, $0.001 par value per share 2,651 5.66 15.0K 200,836 D
2024-10-31 Langlais Kerri M. Director / Officer A-Award A Common stock, $0.001 par value per share 1,000,000 0.00 1.0K 3,566,159 D
2024-10-31 Khan Nazar M. Director / Officer A-Award A Common stock, $0.001 par value per share 200,000 0.00 200.00 13,137,484 D
2024-10-31 Fleury Patrick Officer D-Return D Common stock, $0.001 par value per share 393,500 0.00 2,770,189 D
2024-10-18 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 1,000,000 0.00 1.0K 3,198,883 I
2024-10-10 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 1,000,000 0.00 4,198,883 I
2024-10-09 Prager Paul B. Director / Officer A-Award A Common stock, $0.001 par value per share 20,000,000 0.00 20.0K 20,000,000 I
2024-09-30 Prager Lisa A. Director A-Award A Common stock, $0.001 par value per share 3,206 4.68 15.0K 224,063 D
2024-09-30 Pincus Steven T. Director A-Award A Common stock, $0.001 par value per share 5,877 4.68 27.5K 296,731 D
2024-09-30 Motz Catherine J. Director A-Award A Common stock, $0.001 par value per share 3,206 4.68 15.0K 209,730 D
2024-09-30 Jarvis Christopher Allen Director A-Award A Common stock, $0.001 par value per share 3,206 4.68 15.0K 11,529 D
2024-09-30 Fabiano Amanda Director A-Award A Common stock, $0.001 par value per share 3,206 4.68 15.0K 11,529 D
2024-09-30 Carter Walter E. Director A-Award A Common stock, $0.001 par value per share 4,541 4.68 21.3K 269,388 D
2024-09-30 Bucella Michael C. Director A-Award A Common stock, $0.001 par value per share 3,206 4.68 15.0K 198,185 D
2024-09-26 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 1,000,000 0.01 10.0K 5,198,883 I
2024-09-18 Khan Nazar M. Director / Officer G-Gift D Common stock, $0.001 par value per share 1,000,000 0.01 10.0K 12,937,484 D
2024-09-10 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 10,638 0.01 106.38 0
2024-08-29 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 1,000,000 0.01 10.0K 6,198,883
2024-08-13 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 1,000,000 0.01 10.0K 7,198,883
2024-07-16 Langlais Kerri M. Director / Officer M-Exempt D Performance-Based Restricted Stock Units 400,000 0.00 0
2024-07-16 Fleury Patrick Officer D-Return D Common stock, $0.001 par value per share 157,400 0.00 2,163,689
2024-07-16 Deane Kenneth J Officer D-Return D Common stock, $0.001 par value per share 35,000 0.00 485,772
2024-07-09 Prager Paul B. Director / Officer M-Exempt D Restricted Stock Units 500,000 0.00 500,000
2024-07-09 Langlais Kerri M. Director / Officer M-Exempt A Common stock, $0.001 par value per share 140,000 0.00 2,464,779
2024-07-09 Khan Nazar M. Director / Officer M-Exempt D Restricted Stock Units 400,000 0.00 400,000
2024-07-09 Fleury Patrick Officer M-Exempt D Restricted Stock Units 140,000 0.00 140,000
2024-07-09 Deane Kenneth J Officer M-Exempt D Restricted Stock Units 54,000 0.00 54,000
2024-07-01 Prager Paul B. Director / Officer D-Return D Common stock, $0.001 par value per share 276,500 0.00 670,500
2024-07-01 Langlais Kerri M. Director / Officer D-Return D Common stock, $0.001 par value per share 77,420 0.00 2,324,779
2024-07-01 Khan Nazar M. Director / Officer D-Return D Common stock, $0.001 par value per share 221,200 0.00 13,758,684
2024-07-01 Fleury Patrick Officer D-Return D Common stock, $0.001 par value per share 55,090 0.00 1,836,179
2024-07-01 Deane Kenneth J Officer D-Return D Common stock, $0.001 par value per share 19,323 0.00 410,397
2024-06-30 Prager Lisa A. Director A-Award A Common stock, $0.001 par value per share 3,371 4.45 15.0K 220,857
2024-06-30 Pincus Steven T. Director A-Award A Common stock, $0.001 par value per share 6,180 4.45 27.5K 290,854
2024-06-30 Motz Catherine J. Director A-Award A Common stock, $0.001 par value per share 3,371 4.45 15.0K 206,524
2024-06-30 Jarvis Christopher Allen Director A-Award A Common stock, $0.001 par value per share 3,371 4.45 15.0K 8,323
2024-06-30 Fabiano Amanda Director A-Award A Common stock, $0.001 par value per share 3,371 4.45 15.0K 8,323
2024-06-30 Carter Walter E. Director A-Award A Common stock, $0.001 par value per share 4,776 4.45 21.3K 264,847
2024-06-30 Bucella Michael C. Director A-Award A Common stock, $0.001 par value per share 3,371 4.45 15.0K 194,979
2024-06-27 Prager Paul B. Director / Officer M-Exempt D Performance-Based Restricted Stock Units 500,000 0.00 0
2024-06-27 Langlais Kerri M. Director / Officer M-Exempt D Performance-Based Restricted Stock Units 140,000 0.00 0
2024-06-27 Khan Nazar M. Director / Officer M-Exempt D Performance-Based Restricted Stock Units 400,000 0.00 0
2024-06-27 Fleury Patrick Officer M-Exempt D Performance-Based Restricted Stock Units 140,000 0.00 0
2024-06-27 Deane Kenneth J Officer M-Exempt D Performance-Based Restricted Stock Units 54,000 0.00 0
2024-06-25 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 2,000,000 0.01 20.0K 8,198,883
2024-06-21 Prager Lisa A. Director M-Exempt D Restricted Stock Units 52,942 0.00 0
2024-06-21 Pincus Steven T. Director M-Exempt D Restricted Stock Units 67,648 0.00 0
2024-06-21 Motz Catherine J. Director M-Exempt D Restricted Stock Units 52,942 0.00 0
2024-06-21 Jarvis Christopher Allen Director A-Award A Restricted Stock Units 31,189 0.00 31,189
2024-06-21 Fabiano Amanda Director A-Award A Restricted Stock Units 31,189 0.00 31,189
2024-06-21 Carter Walter E. Director M-Exempt D Restricted Stock Units 52,942 0.00 0
2024-06-21 Bucella Michael C. Director M-Exempt D Restricted Stock Units 52,942 0.00 0
2024-06-20 Prager Paul B. Director / Officer D-Return D Common stock, $0.001 par value per share 276,500 0.00 447,000
2024-06-20 Langlais Kerri M. Director / Officer M-Exempt D Performance-Based Restricted Stock Units 140,000 0.00 140,000
2024-06-20 Khan Nazar M. Director / Officer M-Exempt A Common stock, $0.001 par value per share 400,000 0.00 13,801,084
2024-06-20 Fleury Patrick Officer M-Exempt D Performance-Based Restricted Stock Units 140,000 0.00 140,000
2024-06-20 Deane Kenneth J Officer M-Exempt A Common stock, $0.001 par value per share 54,000 0.00 391,245
2024-06-14 Stammtisch Investments LLC Other J-Other D Common stock, $0.001 par value per share 4,669,383 0.00 10,198,883
2024-06-14 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 4,669,383 0.00 10,198,883
2024-06-14 Langlais Kerri M. Director / Officer J-Other A Common stock, $0.001 par value per share 432,350 0.00 432.35 2,199,619
2024-06-14 Khan Nazar M. Director / Officer J-Other A Common stock, $0.001 par value per share 3,804,683 0.00 3.8K 13,401,084
2024-06-07 Deane Kenneth J Officer S-Sale D Common stock, $0.001 par value per share 69,996 3.25 227.1K 337,245
2024-05-31 Prager Paul B. Director / Officer J-Other D Common stock, $0.001 par value per share 2,000,000 0.00 2.0K 14,868,266
2024-05-22 Prager Paul B. Director / Officer D-Return D Common stock, $0.001 par value per share 276,500 0.00 223,500
2024-05-22 Langlais Kerri M. Director / Officer D-Return D Common stock, $0.001 par value per share 77,420 0.00 1,767,269
2024-05-22 Khan Nazar M. Director / Officer D-Return D Common stock, $0.001 par value per share 191,512 0.00 9,596,401
2024-05-22 Fleury Patrick Officer D-Return D Common stock, $0.001 par value per share 55,090 0.00 1,666,359
2024-05-22 Deane Kenneth J Officer D-Return D Common stock, $0.001 par value per share 15,525 0.00 407,241
2024-05-20 Prager Paul B. Director / Officer M-Exempt D Performance-Based Restricted Stock Units 500,000 0.00 1,000,000
2024-05-20 Langlais Kerri M. Director / Officer M-Exempt D Performance-Based Restricted Stock Units 140,000 0.00 280,000
2024-05-20 Khan Nazar M. Director / Officer M-Exempt A Common stock, $0.001 par value per share 400,000 0.00 9,787,913
2024-05-20 Fleury Patrick Officer M-Exempt A Common stock, $0.001 par value per share 140,000 0.00 1,721,449
2024-05-20 Deane Kenneth J Officer M-Exempt D Performance-Based Restricted Stock Units 54,000 0.00 108,000
2024-05-17 Khan Nazar M. Director / Officer M-Exempt A Common stock, $0.001 par value per share 1,622,926 0.00 1.6K 8,657,908
2024-05-16 Fleury Patrick Officer D-Return D Common stock, $0.001 par value per share 98,375 0.00 1,581,449
2024-05-16 Deane Kenneth J Officer D-Return D Common stock, $0.001 par value per share 28,750 0.00 368,766
2024-04-30 Prager Paul B. Director / Officer / 10% Owner J-Other D Common stock, $0.001 par value per share 2,000,000 0.00 260,513
2024-03-31 Prager Lisa A. Director A-Award A Common stock, $0.001 par value per share 5,704 2.63 15.0K 164,544
2024-03-31 Pincus Steven T. Director A-Award A Common stock, $0.001 par value per share 10,457 2.63 27.5K 217,026
2024-03-31 Motz Catherine J. Director A-Award A Common stock, $0.001 par value per share 5,704 2.63 15.0K 150,211
2024-03-31 Jarvis Christopher Allen Director A-Award A Common stock, $0.001 par value per share 4,952 2.63 13.0K 4,952
2024-03-31 Fabiano Amanda Director A-Award A Common stock, $0.001 par value per share 4,952 2.63 13.0K 4,952
2024-03-31 Carter Walter E. Director A-Award A Common stock, $0.001 par value per share 8,080 2.63 21.3K 207,129
2024-03-31 Bucella Michael C. Director A-Award A Common stock, $0.001 par value per share 5,704 2.63 15.0K 138,666

Executive team

Top executives
EBIT / Employee
-1.20M
Shares Outstanding
407.92M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Paul Prager, Chief Executive Officer and Chairman of the Board of Directors 1.00M 15.00M 23.15M 259.6K 39.41M 58.74%
2 2025 Nazar Khan, Chief Technology Officer and Director 750.4K 10.00M 19.18M 133.1K 30.06M 63.79%
3 2025 Kerri Langlais, Chief Strategy Officer and Director 500.4K 7.00M 12.60M 88.6K 20.19M 62.41%
4 2025 Patrick Fleury, Chief Financial Officer 500.4K 7.00M 12.60M 33.4K 20.13M 62.58%
5 2025 William Tanimoto, Chief Accounting Officer 245.8K 180.0K 612.9K 12.4K 1.05M 58.31%
6 2025 Kenneth Deane, Former Chief Accounting Officer and Treasurer 175.1K 436.8K 16.2K 628.1K 69.54%
7 2024 Patrick Fleury, Chief Financial Officer 419.7K 1.50M 7.76M 377.00 9.68M 80.17%
8 2024 Kerri Langlais, Chief Strategy Officer and Director 419.7K 1.40M 7.76M 18.4K 9.60M 80.85%
9 2024 Paul Prager, Chief Executive Officer and Chairman of the Board of Directors 960.1K 1.50M 4.43M 19.4K 6.91M 64.13%
10 2024 Nazar Khan, Chief Technology Officer and Director 508.2K 750.0K 4.85M 18.4K 6.13M 79.17%
11 2024 Kenneth Deane, Former Chief Accounting Officer and Treasurer 325.5K 350.0K 478.8K 18.8K 1.17M 40.81%
12 2024 Kenneth Deane, Chief Accounting Officer and Treasurer 325.5K 350.0K 478.8K 18.8K 1.17M 40.81%
13 2023 Paul Prager, Chief Executive Officer and Chairman of the Board of Directors 950.5K 1.43M 18.6K 2.39M 0.00%
14 2023 Kerri Langlais, Chief Strategy Officer and Director 401.1K 400.0K 724.9K 17.6K 1.54M 46.96%
15 2023 Patrick Fleury, Chief Financial Officer 390.9K 400.0K 724.9K 377.00 1.52M 47.81%
16 2023 Kenneth Deane, Chief Accounting Officer and Treasurer 325.7K 162.5K 145.0K 18.5K 651.7K 22.25%
17 2023 Kenneth Deane, Former Chief Accounting Officer and Treasurer 325.7K 162.5K 145.0K 18.5K 651.7K 22.25%
18 2022 Patrick Fleury, Chief Financial Officer 215.8K 175.0K 3.30M 251.00 3.69M 89.41%
19 2022 Patrick A. Fleury, Chief Financial Officer 215.8K 3.30M 251.00 3.52M 93.86%
20 2022 Paul Prager, Chief Executive Officer and Chairman of the Board of Directors 959.8K 1.43M 17.4K 2.40M 0.00%
21 2022 Kenneth Deane, Chief Accounting Officer and Treasurer 325.6K 131.3K 990.0K 17.2K 1.46M 67.62%
22 2022 Kenneth J. Deane, Chief Accounting Officer and Treasurer 325.6K 990.0K 17.2K 1.33M 74.28%
23 2022 Paul B. Prager, Chief Executive Officer and Chair of the Board of Directors 740.6K 17.4K 757.9K 0.00%
24 2022 Kerri Langlais, Chief Strategy Officer and Director 400.6K 200.0K 16.4K 617.0K 0.00%
25 2021 Glenn Sandgren, Chief Executive Officer , IKONICS 275.0K 75.7K 68.4K 545.2K 964.3K 14.94%
26 2021 Paul B. Prager, Chief Executive Officer and Chair of the Board of Directors 612.2K 13.0K 625.2K 0.00%
27 2021 Paul Prager, Chief Executive Officer and Chairman of the Board of Directors 612.2K 13.0K 625.2K 0.00%
28 2021 Kenneth D. Hegman, Chief Operating Officer , IKONICS 179.4K 343.6K 523.0K 0.00%
29 2021 Claude P. Piguet, Executive Vice President , IKONICS 177.9K 343.5K 521.5K 0.00%
30 2021 Nazar M. Khan, Chief Operating Officer, Chief Technology Officer and Executive Director 291.2K 13.2K 304.5K 0.00%
31 2021 Kerri Langlais, Chief Strategy Officer and Director 261.8K 12.2K 274.0K 0.00%
32 2021 Kerri M. Langlais, Chief Strategy Officer 261.8K 12.2K 274.0K 0.00%
33 2020 Glenn Sandgren Chief Executive Officer 234.9K 30.0K 29.0K 57.3K 351.2K 8.26%
34 2020 Glenn Sandgren, Chief Executive Officer , IKONICS 234.9K 30.0K 29.0K 57.3K 351.2K 8.26%
35 2020 William C. Ulland Chairman, President and Chief Executive Officer 31.8K 264.1K 296.0K 0.00%
36 2020 Kenneth D. Hegman, Chief Operating Officer , IKONICS 172.0K 65.1K 4.4K 241.5K 26.96%
37 2020 Claude P. Piguet, Executive Vice President , IKONICS 170.5K 65.1K 4.4K 240.0K 27.13%
38 2020 Ken Hegman Chief Operating Officer 172.0K 4.4K 176.4K 0.00%
39 2020 Claude P. Piguet Executive Vice President 170.5K 4.4K 174.9K 0.00%
40 2019 William C. Ulland Chairman, President and Chief Executive Officer 296.6K 14.8K 311.5K 0.00%
41 2019 Claude P. Piguet Executive Vice President 172.7K 8.6K 181.4K 0.00%
42 2019 Ken Hegman Chief Operating Officer 164.5K 8.2K 172.7K 0.00%
43 2018 William C. Ulland Chairman, President and Chief Executive Officer 288.0K 14.4K 302.4K 0.00%
44 2018 Claude P. Piguet Executive Vice President 167.7K 8.4K 176.1K 0.00%
45 2018 Jon Gerlach Chief Financial Officer and Vice President - Finance 158.7K 7.9K 166.6K 0.00%
46 2018 Ken Hegman Chief Operating Officer 150.0K 7.5K 157.5K 0.00%
47 2017 William C. Ulland Chairman, President and Chief Executive Officer 288.0K 14.4K 302.4K 0.00%
48 2017 Claude P. Piguet Executive Vice President 167.7K 8.4K 176.1K 0.00%
49 2017 Jon Gerlach Chief Financial Officer and Vice President—Finance 158.7K 7.9K 166.6K 0.00%
50 2017 Jon Gerlach Chief Financial Officer and Vice President - Finance 158.7K 7.9K 166.6K 0.00%
51 2016 William C. Ulland Chairman, President and Chief Executive Officer 279.5K 14.0K 293.5K 0.00%
52 2016 Claude P. Piguet Executive Vice President 162.8K 8.1K 170.9K 0.00%
53 2016 Jon Gerlach Chief Financial Officer and Vice President—Finance 154.0K 7.7K 161.7K 0.00%
54 2015 William C. Ulland Chairman, President and Chief Executive Officer 268.5K 13.4K 281.9K 0.00%
55 2015 Claude P. Piguet Executive Vice President 156.5K 7.8K 164.3K 0.00%
56 2015 Jon Gerlach Chief Financial Officer and Vice President Finance 148.0K 7.4K 155.4K 0.00%
57 2015 Jon Gerlach Chief Financial Officer and Vice President—Finance 148.0K 7.4K 155.4K 0.00%
58 2014 William C. Ulland Chairman, President and Chief Executive Officer 258.0K 237.00 12.9K 271.2K 0.00%
59 2014 William C. Ulland Chairman, President and Chief Executive Officer 258.0K 237.00 12.9K 271.2K 0.00%
60 2014 Claude P. Piguet Executive Vice President 150.4K 158.00 7.5K 158.1K 0.00%
61 2014 Claude P. Piguet Executive Vice President 150.4K 158.00 7.5K 158.1K 0.00%
62 2014 Jon Gerlach Chief Financial Officer and Vice President Finance 142.4K 158.00 7.1K 149.7K 0.00%
63 2014 Jon Gerlach Chief Financial Officer and Vice President Finance 142.4K 158.00 7.1K 149.7K 0.00%
64 2013 William C. Ulland Chairman, President and Chief Executive Officer 248.1K 12.4K 260.5K 0.00%
65 2013 Claude P. Piguet Executive Vice President 146.1K 7.3K 153.4K 0.00%
66 2013 Karl Shaw 144.0K 7.2K 151.2K 0.00%
67 2013 Jon Gerlach Chief Financial Officer and Vice President Finance 138.2K 6.9K 145.2K 0.00%
68 2012 William C. Ulland Chairman, President and Chief Executive Officer 236.3K 11.8K 248.1K 0.00%
69 2012 Claude P. Piguet Executive Vice President 141.8K 7.1K 148.9K 0.00%
70 2012 Jon Gerlach Chief Financial Officer and Vice President Finance 131.7K 6.6K 138.2K 0.00%
71 2011 William C. Ulland Chairman, President and Chief Executive Officer 229.4K 11.5K 240.9K 0.00%
72 2011 Claude P. Piguet Executive Vice President 137.7K 6.9K 144.6K 0.00%
73 2011 Jon Gerlach Chief Financial Officer and Vice President Finance 127.8K 6.4K 134.2K 0.00%
74 2010 William C. Ulland Chairman, President and Chief Executive Officer 218.5K 14.9K 11.7K 245.1K 0.00%
75 2010 Claude P. Piguet Executive Vice President 131.1K 9.9K 7.1K 148.1K 0.00%
76 2010 Jon Gerlach Chief Financial Officer and Vice President Finance 121.7K 5.0K 6.3K 133.0K 0.00%
77 2009 William C. Ulland Chairman, President and Chief Executive Officer 214.2K 10.7K 224.9K 0.00%
78 2009 Claude P. Piguet Executive Vice President 128.6K 6.4K 135.0K 0.00%
79 2009 Jon Gerlach Chief Financial Officer and Vice President Finance 119.5K 6.0K 125.5K 0.00%
80 2008 William C. Ulland Chairman, President and Chief Executive Officer 210.0K 1.7K 10.6K 222.3K 0.00%
81 2008 Claude P. Piguet Executive Vice President 126.0K 1.2K 6.4K 133.5K 0.00%
82 2008 Jon Gerlach Chief Financial Officer and Vice President Finance 117.0K 577.00 5.9K 123.5K 0.00%
83 2007 William C. Ulland Chairman, President and Chief Executive Officer 195.0K 19.1K 10.7K 224.8K 0.00%
84 2007 Claude P. Piguet Executive Vice President 119.0K 12.7K 6.6K 138.3K 0.00%
85 2007 Jon Gerlach Chief Financial Officer and Vice President Finance 110.0K 6.4K 5.8K 122.2K 0.00%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-28 DEF 14A
2025-09-19 DEFA14A
2025-09-08 DEF 14A
2025-08-28 PRE 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-08 8-K
2026-05-08 4
2026-05-08 4
2026-05-08 4
2026-05-08 4
2026-05-08 10-Q
2026-05-04 SC 13G
2026-04-29 SC 13G
2026-04-28 DEF 14A
2026-04-28 4

Executive team

NameTitleCompensationGender
Paul Prager Co-Founder, Chairman & Chief Executive Officer 16M male
Nazar Khan Co-Founder, Chief Technology Officer & Executive Director 11M male
Kerri Langlais Chief Strategy Officer & Executive Director 8M female
Patrick Fleury Chief Financial Officer 8M male
Kenneth D. Hegman Chief Operating Officer of IKONICS 523.0K male
Claude Piguet Executive Vice President of IKONICS 521.5K male
William Tanimoto Chief Accounting Officer 438.2K male
John Paul Larkin Senior Vice President & Director of Investor Relations male
Jason Assad Director of Corporate Communications male
Sean Farrell Chief Operating Officer male
Stephanie C. Fleischmann General Counsel, Chief Legal Officer & Corporate Secretary female
Andi Azzolina Chief Information Officer female
ESG Rating
B
FINANCIAL - CAPITAL MARKETS
2019
E (Environmental)
71.6 / 59.1
Company / Sector avg.
S (Social)
66.2 / 74.1
Company / Sector avg.
G (Governance)
59.9 / 72.6
Company / Sector avg.
ESG Total
65.9 / 68.6
Company / Sector avg.
ESG Score History FINANCIAL - CAPITAL MARKETS
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits