Deane Kenneth J 4
4 · TERAWULF INC. · Filed Jul 18, 2024
Insider Transaction Report
Form 4
TERAWULF INC.WULF
Deane Kenneth J
Chief Acct Officer + Treasurer
Transactions
- Disposition to Issuer
Common stock, $0.001 par value per share
2024-07-16−35,000→ 485,772 total - Exercise/Conversion
Performance-Based Restricted Stock Units
2024-07-16−80,000→ 0 total→ Common stock, $0.001 par value per share (80,000 underlying) - Exercise/Conversion
Common stock, $0.001 par value per share
2024-07-16+80,000→ 520,772 total
Footnotes (3)
- [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.