Kerri M. Langlais - 09 Jul 2024 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
Chief Strategy Officer, Director
Signature
/s/ Kerri M. Langlais
Issuer symbol
WULF
Transactions as of
09 Jul 2024
Transactions value $
$0
Form type
4
Filing time
11 Jul 2024, 20:25:14 UTC
Previous filing
01 Jul 2024
Next filing
18 Jul 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 +140K +6.02% 2.46M 09 Jul 2024 Direct F1
transaction WULF Common stock, $0.001 par value per share Disposed to Issuer -77.4K -3.14% 2.39M 09 Jul 2024 Direct F2
holding WULF Common stock, $0.001 par value per share 865K 09 Jul 2024 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 Restricted Stock Units Options Exercise -140K -50% 140K 09 Jul 2024 Common stock, $0.001 par value per share 140K 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.