TERAWULF INC. — Director's Dealing 2023

Aug 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TERAWULF INC. (WULF)
CIK: 0001083301
Period of Report: 2023-06-29

Reporting Person: Langlais Kerri M. (Chief Strategy Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-29	Common stock, $0.001 par value per share	D	161202	—	Disposed	1103499	Direct
2023-08-15	Common stock, $0.001 par value per share	M	400000	—	Acquired	1503499	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-08-15	Performance Stock Units	$	M	400000	Disposed		Common Stock (400000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock, $0.001 par value per share	864701	Indirect

Footnotes

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.

F2: The performance stock units 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 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.