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

Role
10%+ Owner
Signature
/s/ Lauren O'Rourke, President
Issuer symbol
WULF
Transactions as of
28 Feb 2023
Net transactions value
+$2,116,775
Form type
4
Filing time
02 Mar 2023, 17:13:50 UTC
Previous filing
11 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WULF Common Stock Other $1,253,973 +3,134,932 +25% $0.4000* 15,703,616 28 Feb 2023 Direct F1
transaction WULF Common Stock Other $862,802 +2,157,006 +14% $0.4000* 17,860,622 28 Feb 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.