Kerri M. Langlais - Oct 12, 2023 Form 4 Insider Report for TERAWULF INC. (WULF)

Role: Chief Strategy Officer, Director
Signature: /s/ Kerri M. Langlais
Stock symbol: WULF
Transactions as of: Oct 12, 2023
Transactions value $: $0
Form type: 4
Date filed: 10/16/2023, 07:09 AM
Previous filing: Sep 6, 2023
Next filing: Nov 3, 2023

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	Disposed to Issuer		-205K	-13.66%		1.3M	Oct 12, 2023	Direct	F1
holding	WULF	Common stock, $0.001 par value per share						865K	Oct 12, 2023	By Langlais Family 2021 GST Trust

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

Explanation of Responses:

Id	Content
F1	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. Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.

Content

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. Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.