Kerri M. Langlais - Jun 29, 2023 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
Chief Strategy Officer
Signature
/s/ Kerri M. Langlais
Stock symbol
WULF
Transactions as of
Jun 29, 2023
Transactions value $
$0
Form type
4
Date filed
8/17/2023, 05:40 PM
Previous filing
Jun 16, 2023
Next filing
Sep 6, 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 Disposed to Issuer -161K -12.75% 1.1M Jun 29, 2023 Direct F1
transaction WULF Common stock, $0.001 par value per share Options Exercise +400K +36.25% 1.5M Aug 15, 2023 Direct F2
holding WULF Common stock, $0.001 par value per share 865K Jun 29, 2023 By Langlais Family 2021 GST Trust

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 -400K -50% $0.00 400K Aug 15, 2023 Common Stock 400K Direct F2, F3
* 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 performance stock units, which 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 each such date. Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.
F2 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.
F3 Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.