Kerri M. Langlais - 04 Mar 2023 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
Chief Strategy Officer, Director
Signature
/s/ Kerri M. Langlais
Issuer symbol
WULF
Transactions as of
04 Mar 2023
Transactions value $
$0
Form type
4
Filing time
07 Mar 2023, 16:05:22 UTC
Previous filing
03 Oct 2022
Next filing
09 Jun 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WULF Performance Stock Units Award $0 +1.2M $0.00 1.2M 04 Mar 2023 Common Stock 1.2M Direct F1, F2
transaction WULF Restricted Stock Units Award $0 +800K $0.00 800K 04 Mar 2023 Common Stock 800K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.
F2 The performance stock units will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of March 4, 2023, subject to the Reporting Person's continued employment or service with the Issuer through such date.
F3 Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.
F4 Fifty percent (50%) of the restricted stock units shall vest upon each of the first two six month anniversaries of March 4, 2023, subject to the Reporting Person's continued employment or service with the Issuer through such date.