Deane Kenneth J 4
4 · TERAWULF INC. · Filed Jun 24, 2024
Insider Transaction Report
Form 4
TERAWULF INC.WULF
Deane Kenneth J
Chief Acct Officer + Treasurer
Transactions
- Exercise/Conversion
Common stock, $0.001 par value per share
2024-06-20+54,000→ 391,245 total - Disposition to Issuer
Common stock, $0.001 par value per share
2024-06-20−15,525→ 375,720 total - Exercise/Conversion
Performance-Based Restricted Stock Units
2024-06-20−54,000→ 54,000 total→ Common stock, $0.001 par value per share (54,000 underlying)
Footnotes (4)
- [F1]The Reporting Person received performance stock units which will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 9, 2024, 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 performance stock units, which vested on June 20, 2024, as reflected in this Form 4.
- [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.
- [F4]The performance stock units will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date.