Kerri M. Langlais - 02 Nov 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
02 Nov 2023
Transactions value $
$0
Form type
4
Filing time
03 Nov 2023, 21:29:49 UTC
Previous filing
16 Oct 2023
Next filing
11 Jan 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 Disposed to Issuer -221K -13.03% 1.48M 02 Nov 2023 Direct F1, F2
holding WULF Common stock, $0.001 par value per share 865K 02 Nov 2023 By Langlais Family 2021 GST Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement of restricted stock units, which vest in accordance with their terms in two equal installments 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 each such date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share (the "Common Stock").
F2 On October 16, 2023, the Reporting Person filed a Form 4 which inadvertently reported the total amount of shares of Common Stock owned as 1,298,178. In fact, the total amount owned as of such date following the reported disposition of 205,321 was 1,698,178 .