Patrick Fleury - 16 May 2023 Form 4 Insider Report for TERAWULF INC. (WULF)

Signature
/s/ Patrick A. Fleury
Issuer symbol
WULF
Transactions as of
16 May 2023
Net transactions value
$0
Form type
4
Filing time
17 May 2023, 17:04:35 UTC
Previous filing
07 Mar 2023
Next filing
09 Jun 2023

Key filing fact

Patrick Fleury filed Form 4 for TERAWULF INC. (WULF) on 17 May 2023.

Key facts

  • This page summarizes Patrick Fleury's Form 4 filing for TERAWULF INC. (WULF).
  • 2 reported transactions and 1 derivative row are listed below.
  • Filing timestamp: 17 May 2023, 17:04.

Change

  • Previous filing in this sequence was filed on 07 Mar 2023.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

WULF transaction

Common stock, $0.001 par value per share

Options Exercise

Transaction value
Shares
+250,000
Change %
Price
Shares after
250,000
Date
16 May 2023
Ownership
Direct
Footnotes
F1
WULF holding

Common stock, $0.001 par value per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
26,414
Date
16 May 2023
Ownership
By Teton Rough Riders Mining LLC
Footnotes
F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

WULF transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-250,000
Change %
-25%
Price
$0.000000
Shares after
750,000
Date
16 May 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
250,000
Exercise price
Footnotes
F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received restricted stock units subject to a three-year vesting schedule, 25% vesting upon each of the first two anniversaries of May 16, 2022 and the remaining 50% vesting upon the third anniversary of May 16, 2022, in each case, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
F2 By Teton Rough Riders Mining LLC. The Reporting Person is a managing manager of Teton Rough Riders Mining LLC and, as a result, may be deemed to beneficially own the shares of the Issuer's common stock, $0.001 par value per share (the "Common Stock") held by Teton Rough Riders Mining LLC. The Reporting Person disclaims beneficial ownership of such shares of Common Stock except to the extent of his pecuniary interest therein, and the inclusion of such shares of Common Stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of the Common Stock for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F3 Each restricted stock unit represents a contingent right to receive one share of Common Stock.
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