TERAWULF INC. — Director's Dealing 2021

Dec 14, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TERAWULF INC. (IKNX)
CIK: 0001083301
Period of Report: 2021-12-13

Reporting Person: Sandgren Glenn (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-13	Common Stock	D	10000	$33.82	Disposed	13571	Direct
2021-12-13	Common Stock	D	13571	—	Disposed	0	Direct

Footnotes

F1: Shares underlying restricted stock unit award canceled in exchange for payment of $33.82 cash per share pursuant to a Restricted Stock Unit Cancellation and Release Agreement with the issuer.

F2: Disposed of in exchange for (i) one share of TeraWulf Inc. (f/k/a Telluride Holdco, Inc.) common stock, (ii) one contingent value right, and (iii) $5.00 cash as a result of the consummation of the first merger pursuant to the previously announced Agreement and Plan of Merger, dated June 24, 2021, as amended, by and among the issuer, TeraWulf Inc., Telluride Merger Sub I, Inc., Telluride Merger Sub II, Inc. and TeraClub Inc. (f/k/a TeraWulf Inc).