Kerri M. Langlais - 07 Jun 2023 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
Chief Strategy Officer
Signature
/s/ Kerri M. Langlais
Issuer symbol
WULF
Transactions as of
07 Jun 2023
Transactions value $
$0
Form type
4
Filing time
09 Jun 2023, 17:10:53
Previous filing
07 Mar 2023
Next filing
16 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WULF Common stock, $0.001 par value per share Options Exercise +400K +92.52% 832K 07 Jun 2023 Direct F1
holding WULF Common stock, $0.001 par value per share 865K 07 Jun 2023 By Langlais Family 2021 GST Trust

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 Options Exercise $0 -400K -33.33% $0.00 800K 07 Jun 2023 Common Stock 400K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The performance stock units 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.
F2 Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.