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

Role
Chief Financial Officer
Signature
/s/ Patrick Fleury
Stock symbol
WULF
Transactions as of
Jun 20, 2024
Transactions value $
$0
Form type
4
Date filed
6/24/2024, 08:04 PM
Previous filing
May 24, 2024
Next filing
Jul 1, 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 Options Exercise +140K +8.4% 1.81M Jun 20, 2024 Direct F1
transaction WULF Common stock, $0.001 par value per share Disposed to Issuer -55.1K -3.05% 1.75M Jun 20, 2024 Direct F2
holding WULF Common stock, $0.001 par value per share 26.4K Jun 20, 2024 By Teton Rough Riders Mining LLC F3

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 Performance-Based Restricted Stock Units Options Exercise -140K -50% 140K Jun 20, 2024 Common stock, $0.001 par value per share 140K Direct 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.