TERAWULF INC. — Director's Dealing 2023

Mar 7, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TERAWULF INC. (WULF)
CIK: 0001083301
Period of Report: 2023-03-04

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-04	Performance Stock Units	$	A	1200000	Acquired		Common Stock (1200000)	Direct
2023-03-04	Restricted Stock Units	$	A	800000	Acquired		Common Stock (800000)	Direct

Footnotes

F1: 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 will 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 Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share.

F4: Fifty percent (50%) of the restricted stock units shall vest upon each of the first two six month anniversaries of March 4, 2023, subject to the Reporting Person's continued employment or service with the Issuer through such date.