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TeraWulf Chief Accounting Officer William Joseph Tanimoto received a grant of 30,000 Restricted Stock Units (RSUs) on June 24, 2025. The RSUs represent the right to receive an equivalent number of TeraWulf common shares ($0.001 par value).

Key terms of the RSU grant:

• Vesting Schedule: Equal installments over three years from grant date (June 24, 2025)
• Vesting Conditions: Subject to continued employment/service with TeraWulf
• Each installment represents 10,000 RSUs

The Form 4 was filed on June 26, 2025, within the required two-business-day reporting window for insider transactions. The filing was executed by Stefanie C. Fleischmann as attorney-in-fact for Tanimoto.

TeraWulf Director Lisa A. Prager reported multiple transactions involving restricted stock units (RSUs) in this Form 4 filing:

• On June 21, 2025, 21,661 RSUs vested and were converted to common stock, increasing her direct holdings to 248,375 shares
• On June 23, 2025, she was granted 56,023 new RSUs that will vest on June 23, 2026, subject to continued service

The transactions reflect standard equity compensation for board service, with RSUs converting to common stock on a 1:1 basis. The vesting schedule follows a one-year cliff vesting pattern, requiring continued service with TeraWulf. These changes in beneficial ownership indicate ongoing alignment between director and shareholder interests through equity-based compensation.

TeraWulf Director Steven T. Pincus reported multiple transactions involving restricted stock units (RSUs) on Form 4:

• On June 21, 2025, 27,678 RSUs vested and converted to common stock, increasing his direct holdings to 329,268 shares
• On June 23, 2025, Pincus was granted 63,026 new RSUs that will vest on June 23, 2026, subject to continued service

The transactions reflect standard director compensation practices through equity awards. The RSUs convert to common stock on a 1:1 basis upon vesting. Following these transactions, Pincus holds all securities directly, with no indirect ownership reported. The filing demonstrates ongoing alignment between director and shareholder interests through equity-based compensation.

TeraWulf Director Catherine J. Motz reported significant restricted stock unit (RSU) transactions on Form 4. On June 21, 2025, Motz received 21,661 shares of common stock upon the vesting of previously granted RSUs, bringing her direct ownership to 212,860 shares.

Additionally, on June 23, 2025, Motz was granted 56,023 new RSUs that will vest on the first anniversary of the grant date, subject to continued service with the company. These RSUs represent the right to receive an equal number of TeraWulf common shares upon vesting.

Key transaction details:

• Original RSUs vested after one year from June 21, 2024
• New RSU grant will vest on June 23, 2026
• All transactions were executed under conversion code 'M' for RSU vesting and 'A' for new grants
• Zero exercise price for RSU conversions

TeraWulf Director Amanda Fabiano reported multiple transactions involving restricted stock units (RSUs) in this Form 4 filing:

• On June 21, 2025, 31,189 RSUs vested and were converted to common stock, increasing her direct holdings to 45,369 shares
• On June 23, 2025, she was granted 56,023 new RSUs that will vest on June 23, 2026, subject to continued service

The transactions reflect standard equity compensation practices for directors, with RSUs vesting on their first anniversary. Each RSU represents a contingent right to receive one share of TeraWulf common stock. The filing indicates ongoing alignment between director and shareholder interests through equity-based compensation.

TeraWulf Director Walter E. Carter reported significant insider transactions in Form 4 filings. On June 21, 2025, Carter received 21,661 shares of common stock through the vesting of Restricted Stock Units (RSUs) that were granted on June 21, 2024. Following this transaction, Carter's direct ownership increased to 294,804 shares.

Additionally, on June 23, 2025, Carter was granted 56,023 new RSUs which will vest on the first anniversary of the grant date, contingent on continued service with TeraWulf. Each RSU represents the right to receive one share of common stock.

• Transaction Type: RSU vesting and new RSU grant
• Securities Involved: Common stock ($0.001 par value)
• Ownership Form: Direct
• Trading Price: RSUs converted/granted at $0

TeraWulf Director Michael C. Bucella reported multiple transactions involving restricted stock units (RSUs) in this Form 4 filing:

• On June 21, 2025, 21,661 RSUs vested and were converted to common stock, increasing Bucella's direct holdings to 227,293 shares
• On June 23, 2025, Bucella was granted 56,023 new RSUs that will vest on June 23, 2026, subject to continued service

The transactions reflect standard equity compensation practices for board members, with the RSUs having a conversion ratio of 1:1 for common stock. The vesting schedule follows a one-year cliff vesting pattern, indicating a long-term alignment between the director and shareholder interests. After these transactions, Bucella maintains direct ownership of all reported securities.

TeraWulf director Catherine J. Motz reported a significant insider transaction on June 18, 2025. The Form 4 filing discloses that Motz sold 21,182 shares of common stock at a price of $3.92 per share, resulting in a transaction value of approximately $83,033.

Following this disposition, Motz continues to hold 191,199 shares directly. The transaction was executed under the code 'S' (sale) and represents a reduction in the director's holdings. No derivative securities were involved in this transaction.

This insider sale could be significant for investors as it provides insight into director sentiment and ownership levels. The filing was signed by Stefanie C. Fleischmann as attorney-in-fact for Catherine J. Motz.