Kerri M. Langlais - Jul 16, 2024 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
Chief Strategy Officer, Director
Signature
/s/ Kerri M. Langlais
Stock symbol
WULF
Transactions as of
Jul 16, 2024
Transactions value $
$0
Form type
4
Date filed
7/18/2024, 06:04 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 +16.75% 2.79M Jul 16, 2024 Direct F1
transaction WULF Common stock, $0.001 par value per share Disposed to Issuer -221K -7.94% 2.57M Jul 16, 2024 Direct F2
holding WULF Common stock, $0.001 par value per share 865K Jul 16, 2024 By Langlais Family 2021 GST Trust

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, F3
* 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 Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.