Kenneth J. Deane - 16 May 2022 Form 4 Insider Report for TERAWULF INC. (WULF)

Role: Chief Accounting Officer
Signature: /s/ Stefanie C. Fleischmann, as attorney-in-fact For Kenneth J. Deane
Issuer symbol: WULF
Transactions as of: 16 May 2022
Net transactions value: $0
Form type: 4
Filing time: 18 May 2022, 18:53:30 UTC
Previous filing: 15 Dec 2021
Next filing: 07 Mar 2023
SEC: View on sec.gov

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	Award	$0	+300,000		$0.000000	300,000	16 May 2022	Common Stock	300,000		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.
F2	The Restricted Stock Units vest in three equal installments upon each of the first three anniversaries of May 16, 2022, subject to the Reporting Person's continued employment or service with the Issuer through each such date.