FLEURY PATRICK (Chief Financial Officer) exercised options at TERAWULF INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

FLEURY PATRICK

Filed: 7/18/2024ACC: 0001652256-24-000017

InsiderFLEURY PATRICKCIK 1652256

→

IssuerTERAWULF INC.CIK 1083301

Officer· Chief Financial Officer

Since May 2022

-157.40K

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

400K acquired · 557.40K disposed

Non-Derivative Transactions2

Common stock, $0.001 par value per share

Direct

M · Option Exercise

+400K

Price / share

—

Trade value

—

% of position

20.8%

7/16/2024

1.92M→2.32M

Common stock, $0.001 par value per share

Direct

D · Disposition

−157.40K

Price / share

—

Trade value

—

% of position

6.8%

7/16/2024

2.32M→2.16M

Total

Net shares

+242.60K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common stock, $0.001 par value per share Direct	7/16/2024	M · Option Exercise	+400K	—	—	20.8%	1.92M	2.32M
Common stock, $0.001 par value per share Direct	7/16/2024	D · Disposition	−157.40K	—	—	6.8%	2.32M	2.16M
Total			+242.60K		$0.00

Derivative Transactions1

Performance-Based Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common stock, $0.001 par value per share

400K shares

−400K

Strike price

Held after

0.00

Exercisable

—

7/16/2024

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Performance-Based Restricted Stock Units Direct	Common stock, $0.001 par value per share400K shares	7/16/2024	M · Option Exercise	−400K		—	0.00

Non-Derivative Holdings (Post-Transaction)1

Common stock, $0.001 par value per share

Indirect

Shares owned26.41K

Total

26.41K indirect26.41K

Security Title	Shares Owned	Ownership Type
Common stock, $0.001 par value per share	26.41K	Indirect
Total	26.41K	26.41K indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported