Kenneth J. Deane - 09 Jan 2025 Form 4 Insider Report for TERAWULF INC. (WULF)

Role: Chief Acct Officer + Treasurer
Signature: /s/ Kenneth J. Deane
Issuer symbol: WULF
Transactions as of: 09 Jan 2025
Net transactions value: $0
Form type: 4
Filing time: 10 Jan 2025, 20:28:20 UTC
Previous filing: 03 Jan 2025
Next filing: 19 May 2025
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	Award		+54,000	+11%		539,772	09 Jan 2025	Direct	F1
transaction	WULF	Common stock, $0.001 par value per share	Disposed to Issuer		-15,621	-2.9%		524,151	09 Jan 2025	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	Restricted Stock Units	Options Exercise		-54,000	-100%		0	09 Jan 2025	Common stock, $0.001 par value per share	54,000		Direct	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 restricted stock units which vested in accordance with their terms upon the first anniversary of January 9, 2024, as reflected in this Form 4, 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 restricted stock units, which vested on January 9, 2025, as reflected in this Form 4.
F3	Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, par value $0.001 per share.
F4	The restricted stock units vested upon the first anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date.