Patrick Fleury - Mar 4, 2023 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
Chief Financial Officer
Signature
/s/ Patrick A. Fleury
Stock symbol
WULF
Transactions as of
Mar 4, 2023
Transactions value $
$0
Form type
4
Date filed
3/7/2023, 04:05 PM
Previous filing
May 18, 2022
Next filing
May 17, 2023

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 Performance Stock Units Award $0 +1.2M $0.00 1.2M Mar 4, 2023 Common Stock 1.2M Direct F1, F2
transaction WULF Restricted Stock Units Award $0 +800K $0.00 800K Mar 4, 2023 Common Stock 800K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.
F2 The performance stock units will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of March 4, 2023, subject to the Reporting Person's continued employment or service with the Issuer through such date.
F3 Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.
F4 Fifty percent (50%) of the restricted stock units shall vest 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 such date.