Patrick Fleury - 20 Jun 2024 Form 4 Insider Report for TERAWULF INC. (WULF)

Role: Chief Financial Officer
Signature: /s/ Patrick Fleury
Issuer symbol: WULF
Transactions as of: 20 Jun 2024
Net transactions value: $0
Form type: 4
Filing time: 24 Jun 2024, 20:04:52 UTC
Previous filing: 24 May 2024
Next filing: 01 Jul 2024
SEC: View on sec.gov

Key filing fact

Patrick Fleury filed Form 4 for TERAWULF INC. (WULF) on 24 Jun 2024.

Key facts

This page summarizes Patrick Fleury's Form 4 filing for TERAWULF INC. (WULF).
3 reported transactions and 1 derivative row are listed below.
Filing timestamp: 24 Jun 2024, 20:04.

Change

Previous filing in this sequence was filed on 24 May 2024.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

WULF transaction

Common stock, $0.001 par value per share

Options Exercise

Transaction value
Shares: +140,000
Change %: +8.4%
Price
Shares after: 1,806,359
Date: 20 Jun 2024
Ownership: Direct
Footnotes: F1

WULF transaction

Common stock, $0.001 par value per share

Disposed to Issuer

Transaction value
Shares: -55,090
Change %: -3%
Price
Shares after: 1,751,269
Date: 20 Jun 2024
Ownership: Direct
Footnotes: F2

WULF holding

Common stock, $0.001 par value per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 26,414
Date: 20 Jun 2024
Ownership: By Teton Rough Riders Mining LLC
Footnotes: F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

WULF transaction Derivative

Performance-Based Restricted Stock Units

Options Exercise

Transaction value
Shares: -140,000
Change %: -50%
Price
Shares after: 140,000
Date: 20 Jun 2024
Ownership: Direct
Underlying class: Common stock, $0.001 par value per share
Underlying amount: 140,000
Exercise price
Footnotes: F1, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
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 performance stock units, which vested on June 20, 2024, as reflected in this Form 4.
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, $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.
F4	Each performance stock unit represents a contingent right to receive one share of Common Stock.
F5	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.