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

Role
Chief Acct Officer + Treasurer
Signature
/s/ Kenneth J. Deane
Issuer symbol
WULF
Transactions as of
20 Jun 2024
Net transactions value
$0
Form type
4
Filing time
24 Jun 2024, 20:02:23 UTC
Previous filing
10 Jun 2024
Next filing
01 Jul 2024
SEC
View on sec.gov

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 +54,000 +16% 391,245 20 Jun 2024 Direct F1
transaction WULF Common stock, $0.001 par value per share Disposed to Issuer -15,525 -4% 375,720 20 Jun 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 -54,000 -50% 54,000 20 Jun 2024 Common stock, $0.001 par value per share 54,000 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.