Patrick Fleury - May 16, 2025 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
Chief Financial Officer
Signature
/s/ Patrick Fleury
Stock symbol
WULF
Transactions as of
May 16, 2025
Transactions value $
$0
Form type
4
Date filed
5/19/2025, 07:49 PM
Previous filing
Jan 10, 2025
Next filing
Aug 1, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Fleury Patrick Chief Financial Officer C/O TERAWULF INC., 9 FEDERAL STREET, EASTON /s/ Patrick Fleury 2025-05-19 0001652256

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 +500K +14.39% 3.98M May 16, 2025 Direct F1
transaction WULF Common stock, $0.001 par value per share Disposed to Issuer -197K -4.95% 3.78M May 16, 2025 Direct F2
holding WULF Common stock, $0.001 par value per share 26.4K May 16, 2025 By Teton Rough Riders Mining LLC F3

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 -500K -100% 0 May 16, 2025 Common stock, $0.001 par value per share 500K Direct F4, F5
* 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 third anniversary of May 16, 2022, 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 May 16, 2025, as reflected in this Form 4.
F3 By Teton Rough Riders Mining LLC. The Reporting Person is a managing manager of Teton Rough Riders Mining LLC and, as a result, may be deemed to beneficially own the shares of the Issuer's common stock, $0.001 par value per share (the "Common Stock") held by Teton Rough Riders Mining LLC. The Reporting Person disclaims beneficial ownership of such shares of Common Stock except to the extent of his pecuniary interest therein, and the inclusion of such shares of Common Stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of the Common Stock for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F4 Each restricted stock unit represents a contingent right to receive one share of Common Stock.
F5 The restricted stock units vested upon the third anniversary of May 16, 2022, subject to the Reporting Person's continued employment or service with the Issuer through each such date.