Kenneth J. Deane - Jan 9, 2025 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
Chief Acct Officer + Treasurer
Signature
/s/ Kenneth J. Deane
Stock symbol
WULF
Transactions as of
Jan 9, 2025
Transactions value $
$0
Form type
4
Date filed
1/10/2025, 08:28 PM
Previous filing
Jan 3, 2025
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 Award +54K +11.12% 540K Jan 9, 2025 Direct F1
transaction WULF Common stock, $0.001 par value per share Disposed to Issuer -15.6K -2.89% 524K Jan 9, 2025 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 -100% 0 Jan 9, 2025 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 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 January 9, 2025, 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 anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date.