Kenneth J. Deane - 16 Jul 2024 Form 4 Insider Report for TERAWULF INC. (WULF)

Signature
/s/ Kenneth J. Deane
Issuer symbol
WULF
Transactions as of
16 Jul 2024
Net transactions value
$0
Form type
4
Filing time
18 Jul 2024, 18:01:38 UTC
Previous filing
11 Jul 2024
Next filing
03 Jan 2025

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 +80,000 +18% 520,772 16 Jul 2024 Direct F1
transaction WULF Common stock, $0.001 par value per share Disposed to Issuer -35,000 -6.7% 485,772 16 Jul 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 $0 -80,000 -100% $0.000000* 0 16 Jul 2024 Common stock, $0.001 par value per share 80,000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The performance stock units vested in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of March 4, 2023, 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 of performance stock units, which vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of March 4, 2023, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
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.