JON GERLACH - 13 Dec 2021 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
V.P. Finance and CFO
Signature
/s/ W. Morgan Burns, Attorney-in-Fact
Issuer symbol
WULF
Transactions as of
13 Dec 2021
Net transactions value
-$338,200
Form type
4
Filing time
13 Dec 2021, 17:08:18 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WULF Common Stock Disposed to Issuer $338,200 -10,000 -47% $33.82 11,250 13 Dec 2021 Direct F1
transaction WULF Common Stock Disposed to Issuer -11,250 -100% 0 13 Dec 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

JON GERLACH is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Shares underlying restricted stock unit award canceled in exchange for payment of $33.82 cash per share pursuant to a Restricted Stock Unit Cancellation and Release Agreement with the issuer.
F2 Disposed of in exchange for (i) one share of TeraWulf Inc. (f/k/a Telluride Holdco, Inc.) common stock, (ii) one contingent value right, and (iii) $5.00 cash as a result of the consummation of the first merger pursuant to the previously announced Agreement and Plan of Merger, dated June 24, 2021, as amended, by and among the issuer, TeraWulf Inc., Telluride Merger Sub I, Inc., Telluride Merger Sub II, Inc. and TeraClub Inc. (f/k/a TeraWulf Inc).