Kenneth J. Deane - Nov 2, 2023 Form 4 Insider Report for TERAWULF INC. (WULF)

Role: Chief Acct Officer + Treasurer
Signature: /s/ Kenneth J. Deane
Stock symbol: WULF
Transactions as of: Nov 2, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/3/2023, 09:31 PM
Previous filing: Oct 13, 2023
Next filing: Jan 11, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WULF	Common stock, $0.001 par value per share	Disposed to Issuer		-23.1K	-8.77%		241K	Nov 2, 2023	Direct	F1, F2

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

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 restricted stock units, which vest in accordance with their terms in two equal installments upon each of the first two six-month anniversaries of March 4, 2023, subject to the Reporting Person's continued employment or service with the Issuer through each such date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share (the "Common Stock").
F2	On October 13, 2023, the Reporting Person filed a Form 4 which inadvertently reported the total amount of shares of Common Stock owned as 183,756. In fact, the total amount owned as of such date following the reported disposition of 23,120 was 263,756 .

Content

The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement of restricted stock units, which vest in accordance with their terms in two equal installments upon each of the first two six-month anniversaries of March 4, 2023, subject to the Reporting Person's continued employment or service with the Issuer through each such date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share (the "Common Stock").

On October 13, 2023, the Reporting Person filed a Form 4 which inadvertently reported the total amount of shares of Common Stock owned as 183,756. In fact, the total amount owned as of such date following the reported disposition of 23,120 was 263,756 .