Form 4 for WULF TERAWULF INC.
Accepted 2024-05-20 00:00:00 ET · period of report 2024-05-16 · accession 0001389893-24-000008 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-05-20 | 2024-05-16+ | WULF | Deane Kenneth J | Chief Acct Off. + Treas | M - OptEx | — | +154.0K | 397.5K | +63% | — |
| D | 2024-05-20 | 2024-05-16 | WULF | Deane Kenneth J | Chief Acct Off. + Treas | D - Sale to Iss | — | -28.8K | 368.8K | -7% | — |
| DM | 2024-05-20 | 2024-05-16+ | WULF | Deane Kenneth J | Chief Acct Off. + Treas | M - OptEx | $0.00 | -154.0K | 108.0K | -59% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common stock, $0.001 par value per share | 2024-05-20 | M | A | 54,000 | — | 422,766 | D | — | — | (F3) The Reporting Person received performance stock units which will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date. |
| 2 | Common | Common stock, $0.001 par value per share | 2024-05-16 | M | A | 100,000 | — | 397,516 | D | — | — | (F1) The Reporting Person received restricted stock units subject to a three-year vesting schedule, vesting in three equal installments upon each of the first three anniversaries of May 16, 2022, in each case subject to the Reporting Person's continued employment or service with the Issuer through each such date. |
| 3 | Common | Common stock, $0.001 par value per share | 2024-05-16 | D | D | 28,750 | — | 368,766 | D | — | — | (F2) The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement with regard to the vesting of restricted stock units, which vested on May 16, 2024, as reflected in this Form 4. |
| 4 | Derivative | Restricted Stock Units | 2024-05-16 | M | D | 100,000 | $0.00 | 100,000 | D | — · — to — | 100,000 Common stock, $0.001 par value per share | (F4) Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share. (F5) 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. |
| 5 | Derivative | Performance-Based Restricted Stock Units | 2024-05-20 | M | D | 54,000 | — | 108,000 | D | — · — to — | 54,000 Common stock, $0.001 par value per share | (F3) The Reporting Person received performance stock units which will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date. (F6) Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share. (F7) 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 January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date. |