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

Reporting relationship: Chief Financial Officer
Issuer ticker: WULF
Reported as of: 16 Jul 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 18 Jul 2024, 18:03:44 UTC
Prior SEC filing: 11 Jul 2024
Next SEC filing: 04 Nov 2024
Source filing: View source filing
Reporting owner signature: /s/ Patrick Fleury

Key filing fact

Patrick Fleury filed Form 4 for TERAWULF INC. (WULF) on 18 Jul 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.
Accepted by SEC: 18 Jul 2024, 18:03.

Change

Previous filing in this sequence was filed on 11 Jul 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.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WULF transaction

Common stock, $0.001 par value per share

Options Exercise

Transaction value
Shares: +400,000
Change %: +21%
Price
Shares after: 2,321,089
Date: 16 Jul 2024
Ownership: Direct
Footnotes: F1

WULF transaction

Common stock, $0.001 par value per share

Disposed to Issuer

Transaction value
Shares: -157,400
Change %: -6.8%
Price
Shares after: 2,163,689
Date: 16 Jul 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: 16 Jul 2024
Ownership: By Teton Rough Riders Mining LLC
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WULF transaction Derivative

Performance-Based Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -400,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Jul 2024
Ownership: Direct
Underlying class: Common stock, $0.001 par value per share
Underlying amount: 400,000
Exercise price
Footnotes: F1, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F4

Each performance stock unit represents a contingent right to receive one share of Common Stock.