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

Role
Chief Accounting Officer
Signature
/s/ Kenneth J. Deane
Issuer symbol
WULF
Transactions as of
16 May 2023
Net transactions value
$0
Form type
4
Filing time
17 May 2023, 17:03:22 UTC
Previous filing
07 Mar 2023
Next filing
25 May 2023
SEC
View on sec.gov

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 +100,000 100,000 16 May 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 -100,000 -33% $0.000000 200,000 16 May 2023 Common Stock 100,000 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.