Walter E. Carter - 21 Jun 2025 Form 4 Insider Report for TERAWULF INC. (WULF)

Role: Director
Signature: /s/ Stefanie C. Fleischmann, as attorney-in-fact for Walter E. Carter
Issuer symbol: WULF
Transactions as of: 21 Jun 2025
Net transactions value: $0
Form type: 4
Filing time: 24 Jun 2025, 19:20:30 UTC
Previous filing: 03 Jan 2025
Next filing: 02 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Carter Walter E.	Director	C/O TERAWULF INC., 9 FEDERAL STREET, EASTON	/s/ Stefanie C. Fleischmann, as attorney-in-fact for Walter E. Carter	24 Jun 2025	0001877260

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		+21,661	+7.9%		294,804	21 Jun 2025	Direct	F1

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	$0	-21,661	-100%	$0.000000	0	21 Jun 2025	Common stock, $0.001 par value per share	21,661		Direct	F2, F3
transaction	WULF	Restricted Stock Units	Award	$0	+56,023		$0.000000	56,023	23 Jun 2025	Common stock, $0.001 par value per share	56,023		Direct	F2, 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 upon the first anniversary of June 21, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date.
F2	Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock, $0.001 par value per share.
F3	The restricted stock units vested upon the first anniversary of June 21, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date.
F4	The restricted stock units will vest upon the first anniversary of June 23, 2025, subject to the Reporting Person's continued employment or service with the Issuer through such date.