TERAWULF INC. — Director's Dealing 2023

May 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TERAWULF INC. (WULF)
CIK: 0001083301
Period of Report: 2023-05-16

Reporting Person: Deane Kenneth J (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-16	Common stock, $0.001 par value per share	M	100000	—	Acquired	100000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-16	Restricted Stock Units	$	M	100000	Disposed		Common Stock (100000)	Direct

Footnotes

F1: The restricted stock units vest in three equal installments upon each of the first three anniversaries of May 16, 2022, subject to the Reporting Person's continued employment or service with the Issuer through each such date.

F2: Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.