Kenneth J. Deane - May 16, 2023 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
Chief Accounting Officer
Signature
/s/ Kenneth J. Deane
Stock symbol
WULF
Transactions as of
May 16, 2023
Transactions value $
$0
Form type
4
Date filed
5/17/2023, 05:03 PM
Previous filing
Mar 7, 2023
Next filing
May 25, 2023

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 +100K 100K May 16, 2023 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 -100K -33.33% $0.00 200K May 16, 2023 Common Stock 100K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
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.