Patrick Fleury - 29 Jun 2023 Form 4 Insider Report for TERAWULF INC. (WULF)

Role: Chief Financial Officer
Signature: /s/ Patrick A. Fleury
Issuer symbol: WULF
Transactions as of: 29 Jun 2023
Net transaction value: $0
Form type: 4
Filing time: 17 Aug 2023, 17:40:45 UTC
Previous filing: 09 Jun 2023
Next filing: 06 Sep 2023
SEC filing: View on sec.gov

Key filing fact

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

Key facts

This page summarizes Patrick Fleury's Form 4 filing for TERAWULF INC. (WULF).
3 reported transactions and 1 derivative row are listed below.
Filing timestamp: 17 Aug 2023, 17:40.

Change

Previous filing in this sequence was filed on 09 Jun 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

Reported transactions

WULF transaction

Common stock, $0.001 par value per share

Disposed to Issuer

Transaction value
Shares: -105,376
Change %: -16%
Price
Shares after: 544,624
Date: 29 Jun 2023
Ownership: Direct
Footnotes: F1

WULF transaction

Common stock, $0.001 par value per share

Options Exercise

Transaction value
Shares: +400,000
Change %: +73%
Price
Shares after: 944,624
Date: 15 Aug 2023
Ownership: Direct
Footnotes: F2

WULF holding

Common stock, $0.001 par value per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 26,414
Date: 29 Jun 2023
Ownership: By Teton Rough Riders Mining LLC
Footnotes: F3

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

WULF transaction Derivative

Performance Stock Units

Options Exercise

Transaction value: $0
Shares: -400,000
Change %: -50%
Price: $0.000000
Shares after: 400,000
Date: 07 Jun 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 400,000
Exercise price
Footnotes: F2, F4

^* indicates a reported price that failed the local validity check.

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	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.
F4	Each performance stock unit represents a contingent right to receive one share of Common Stock.