Lockwood Carlson - Dec 13, 2021 Form 4 Insider Report for TERAWULF INC. (WULF)

Role: Director
Signature: /s/ W. Morgan Burns, Attorney-in-Fact
Stock symbol: WULF
Transactions as of: Dec 13, 2021
Transactions value $: -$33,820
Form type: 4
Date filed: 12/13/2021, 05:08 PM
Previous filing: May 7, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WULF	Common Stock	Disposed to Issuer	-$33.8K	-1K	-80%	$33.82	250	Dec 13, 2021	Direct	F1
transaction	WULF	Common Stock	Disposed to Issuer		-250	-100%		0	Dec 13, 2021	Direct	F2

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

Lockwood Carlson 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).

Content

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.

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).