Kenneth J. Deane - Jun 20, 2024 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
Chief Acct Officer + Treasurer
Signature
/s/ Kenneth J. Deane
Stock symbol
WULF
Transactions as of
Jun 20, 2024
Transactions value $
$0
Form type
4
Date filed
6/24/2024, 08:02 PM
Previous filing
Jun 10, 2024
Next filing
Jul 1, 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 Options Exercise +54K +16.01% 391K Jun 20, 2024 Direct F1
transaction WULF Common stock, $0.001 par value per share Disposed to Issuer -15.5K -3.97% 376K Jun 20, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WULF Performance-Based Restricted Stock Units Options Exercise -54K -50% 54K Jun 20, 2024 Common stock, $0.001 par value per share 54K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received performance stock units which will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date.
F2 The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement with regard to the vesting of performance stock units, which vested on June 20, 2024, as reflected in this Form 4.
F3 Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.
F4 The performance stock units will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date.