Patrick Fleury - Nov 2, 2023 Form 4 Insider Report for TERAWULF INC. (WULF)

Signature
/s/ Patrick Fleury
Stock symbol
WULF
Transactions as of
Nov 2, 2023
Transactions value $
$0
Form type
4
Date filed
11/3/2023, 09:33 PM
Previous filing
Oct 16, 2023
Next filing
Jan 11, 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 Disposed to Issuer -157K -13.26% 1.03M Nov 2, 2023 Direct F1, F2
holding WULF Common stock, $0.001 par value per share 26.4K Nov 2, 2023 By Teton Rough Riders Mining LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement of restricted stock units, which vest in accordance with their terms in two equal installments upon each of the first two six-month anniversaries of March 4, 2023, subject to the Reporting Person's continued employment or service with the Issuer through each such date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share (the "Common Stock").
F2 On October 16, 2023, the Reporting Person filed a Form 4 which inadvertently reported the total amount of shares of Common Stock owned as 787,224. In fact, the total amount owned as of such date following the reported disposition of 157,400 was 1,187,224.
F3 By Teton Rough Riders Mining LLC. The Reporting Person is a managing manager of Teton Rough Riders Mining LLC and, as a result, may be deemed to beneficially own the shares of the Issuer's Common Stock held by Teton Rough Riders Mining LLC. The Reporting Person disclaims beneficial ownership of such shares of Common Stock except to the extent of his pecuniary interest therein, and the inclusion of such shares of Common Stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of the Common Stock for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.