Patrick Fleury - Jul 9, 2024 Form 4 Insider Report for TERAWULF INC. (WULF)

Signature
/s/ Patrick Fleury
Stock symbol
WULF
Transactions as of
Jul 9, 2024
Transactions value $
$0
Form type
4
Date filed
7/11/2024, 08:21 PM
Previous filing
Jul 1, 2024
Next filing
Jul 18, 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 +7.62% 1.98M Jul 9, 2024 Direct F1
transaction WULF Common stock, $0.001 par value per share Disposed to Issuer -55.1K -2.79% 1.92M Jul 9, 2024 Direct F2
holding WULF Common stock, $0.001 par value per share 26.4K Jul 9, 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 Restricted Stock Units Options Exercise -140K -50% 140K Jul 9, 2024 Common stock, $0.001 par value per share 140K Direct 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 restricted stock units which vested in accordance with their terms upon the first six month anniversary of January 9, 2024, as reflected in this Form 4, 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 restricted stock units, which vested on July 9, 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 restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, par value $0.001 per share.
F5 The restricted stock units vested upon the first six month anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date. The remaining restricted stock units will vest upon the second six month anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date.