Kenneth J. Deane - Jul 9, 2024 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
Chief Acct Officer + Treasurer
Signature
/s/ Kenneth J. Deane
Stock symbol
WULF
Transactions as of
Jul 9, 2024
Transactions value $
$0
Form type
4
Date filed
7/11/2024, 08:22 PM
Previous filing
Jul 1, 2024
Next filing
Jul 18, 2024
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 +54K +13.16% 464K Jul 9, 2024 Direct F1
transaction WULF Common stock, $0.001 par value per share Disposed to Issuer -23.6K -5.09% 441K Jul 9, 2024 Direct F2

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 Restricted Stock Units Options Exercise -54K -50% 54K Jul 9, 2024 Common stock, $0.001 par value per share 54K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received restricted stock units which vested in accordance with their terms upon the first six month anniversary of January 9, 2024, as reflected in this Form 4, subject to the Reporting Person's continued employment or service with the Issuer through such date.
F2 The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement with regard to the vesting of restricted stock units, which vested on July 9, 2024, as reflected in this Form 4.
F3 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, par value $0.001 per share.
F4 The restricted stock units vested upon the first six month anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date. The remaining restricted stock units will vest upon the second six month anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date.