Nazar M. Khan - Jan 9, 2024 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
Chief Operating Officer + CTO, Director
Signature
/s/ Nazar M. Khan
Stock symbol
WULF
Transactions as of
Jan 9, 2024
Transactions value $
$0
Form type
4
Date filed
1/11/2024, 07:51 PM
Previous filing
Oct 24, 2023
Next filing
May 20, 2024

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-Based Restricted Stock Units Award $0 +1.2M $0.00 1.2M Jan 9, 2024 Common stock, $0.001 par value per share 1.2M Direct F1, F2
transaction WULF Restricted Stock Units Award $0 +800K $0.00 800K Jan 9, 2024 Common stock, $0.001 par value per share 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 January 9, 2024, 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 January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date.