| 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 | +250K | +17.48% | 1.68M | 16 May 2024 | Direct | F1 | ||
| transaction | WULF | Common stock, $0.001 par value per share | Disposed to Issuer | -98.4K | -5.86% | 1.58M | 16 May 2024 | Direct | F2 | ||
| transaction | WULF | Common stock, $0.001 par value per share | Options Exercise | +140K | +8.85% | 1.72M | 20 May 2024 | Direct | F3 | ||
| holding | WULF | Common stock, $0.001 par value per share | 26.4K | 16 May 2024 | By Teton Rough Riders Mining LLC | F4 |
| 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 | -250K | -33.33% | $0.00 | 500K | 16 May 2024 | Common stock, $0.001 par value per share | 250K | Direct | F5, F6 | |
| transaction | WULF | Performance-Based Restricted Stock Units | Options Exercise | -140K | -33.33% | 280K | 20 May 2024 | Common stock, $0.001 par value per share | 140K | Direct | F3, F7, F8 |
| Id | Content |
|---|---|
| F1 | The Reporting Person received restricted stock units subject to a three-year vesting schedule, 25% vesting upon each of the first two anniversaries of May 16, 2022 and the remaining 50% vesting upon the third anniversary of May 16, 2022, in each case, subject to the Reporting Person's continued employment or service with the Issuer through each 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, 2024, as reflected in this Form 4. |
| F3 | The Reporting Person received performance stock units which will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date. |
| F4 | 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. |
| F5 | Each restricted stock unit represents a contingent right to receive one share of Common Stock. |
| F6 | The restricted stock units are subject to a three-year vesting schedule, 25% vesting upon each of the first two anniversaries of May 16, 2022 and the remaining 50% vesting upon the third anniversary of May 16, 2022, in each case subject to the Reporting Person's continued employment or service with the Issuer through each such date. |
| F7 | Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share. |
| F8 | The performance stock units will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date. |