Kenneth J. Deane - 23 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: 23 May 2023
Net transactions value: $0
Form type: 4
Filing time: 25 May 2023, 16:05:30 UTC
Previous filing: 17 May 2023
Next filing: 09 Jun 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	Disposed to Issuer		-30,004	-30%		69,996	23 May 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement of restricted stock units, which 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. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.

Content

The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement of restricted stock units, which 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. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.