Revolve Capital LLC - Feb 28, 2023 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
10%+ Owner
Signature
/s/ Lauren O'Rourke, President
Stock symbol
WULF
Transactions as of
Feb 28, 2023
Transactions value $
$2,116,775
Form type
4
Date filed
3/2/2023, 05:13 PM
Previous filing
Oct 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WULF Common Stock Other $1.25M +3.13M +24.94% $0.40* 15.7M Feb 28, 2023 Direct F1
transaction WULF Common Stock Other $863K +2.16M +13.74% $0.40* 17.9M Feb 28, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 28, 2023, a convertible promissory note held by the reporting person in principal amount of $1,250,000, together with accrued and unpaid interest thereon, was automatically converted into 3,134,932 shares of common stock in accordance with its terms, at a conversion price of $0.40.
F2 On February 28, 2023, a convertible promissory note held by the reporting person in principal amount of $853,912.33, together with accrued and unpaid interest thereon, was automatically converted into 2,157,006 shares of common stock in accordance with its terms, at a conversion price of $0.40.