Patrick Fleury - 04 Mar 2024 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
Chief Financial Officer
Signature
/s/ Patrick Fleury
Issuer symbol
WULF
Transactions as of
04 Mar 2024
Transactions value $
$0
Form type
4
Filing time
06 Mar 2024, 20:32:17 UTC
Previous filing
11 Jan 2024
Next filing
20 May 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 +400K +38.84% 1.43M 04 Mar 2024 Direct F1
holding WULF Common stock, $0.001 par value per share 26.4K 04 Mar 2024 By Teton Rough Riders Mining LLC 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 $0 -400K -100% $0.00* 0 04 Mar 2024 Common stock, $0.001 par value per share 400K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units vest 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.
F2 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, $0.001 par value per share (the "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.
F3 Each restricted stock unit represents a contingent right to receive one share of Common Stock.