Patrick Fleury - Jul 16, 2024 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
Chief Financial Officer
Signature
/s/ Patrick Fleury
Stock symbol
WULF
Transactions as of
Jul 16, 2024
Transactions value $
$0
Form type
4
Date filed
7/18/2024, 06:03 PM
Previous filing
Jul 11, 2024
Next filing
Nov 4, 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 +400K +20.82% 2.32M Jul 16, 2024 Direct F1
transaction WULF Common stock, $0.001 par value per share Disposed to Issuer -157K -6.78% 2.16M Jul 16, 2024 Direct F2
holding WULF Common stock, $0.001 par value per share 26.4K Jul 16, 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 $0 -400K -100% $0.00* 0 Jul 16, 2024 Common stock, $0.001 par value per share 400K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The performance stock units vested in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of March 4, 2023, 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 of performance stock units, which vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of March 4, 2023, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
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.