Kenneth J. Deane - 16 May 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
16 May 2025
Net transactions value
$0
Form type
4
Filing time
19 May 2025, 19:48:10 UTC
Previous filing
10 Jan 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Deane Kenneth J Chief Acct Officer + Treasurer C/O TERAWULF INC., 9 FEDERAL STREET, EASTON /s/ Kenneth J. Deane 19 May 2025 0001389893

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 +100,000 +19% 624,151 16 May 2025 Direct F1
transaction WULF Common stock, $0.001 par value per share Disposed to Issuer -28,750 -4.6% 595,401 16 May 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 -100,000 -100% 0 16 May 2025 Common stock, $0.001 par value per share 100,000 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 third anniversary of May 16, 2022, 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 May 16, 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, $0.001 par value per share.
F4 The restricted stock units vested on the third anniversary of May 16, 2022, subject to the Reporting Person's continued employment or service with the Issuer through each such date.