Kenneth J. Deane - Jun 7, 2023 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
Chief Accounting Officer
Signature
/s/ Kenneth J. Deane
Stock symbol
WULF
Transactions as of
Jun 7, 2023
Transactions value $
$0
Form type
4
Date filed
6/9/2023, 05:09 PM
Previous filing
May 25, 2023
Next filing
Aug 17, 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 +80K +114.29% 150K Jun 7, 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 Performance Stock Units Options Exercise $0 -80K -33.33% $0.00 160K Jun 7, 2023 Common Stock 80K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The performance stock units vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of March 4, 2023, subject to the Reporting Person's continued employment or service with the Issuer through such date
F2 Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.