Prager Paul B. 4
4 · TERAWULF INC. · Filed Oct 2, 2025
Insider Transaction Report
Form 4
TERAWULF INC.WULF
Prager Paul B.
DirectorChief Executive Officer10% Owner
Transactions
- Award
Common stock, $0.001 par value per share
2025-09-30+3,554,688→ 39,654,688 total(indirect: By LLC)
Holdings
- 938,700
Common stock, $0.001 par value per share
- 5,000(indirect: By LLC)
Common stock, $0.001 par value per share
- 3,795,580(indirect: By Beowulf E&D Holdings Inc.)
Common stock, $0.001 par value per share
Footnotes (4)
- [F1]The shares of common stock, par value $0.001 per share ("Common Stock") were issued to Riesling Power LLC ("Riesling Power") as prepaid rent pursuant to that certain lease agreement, dated as of October 12, 2025, among Lake Hawkeye LLC, a wholly owned subsidiary of TeraWulf Inc., Cayuga Operating Company LLC and Riesling Power.
- [F2]By Riesling Power. The Paul B. Prager Revocable Trust ("Prager Revocable Trust") is the sole member of Riesling Power. The Reporting Person is the sole trustee of the Prager Revocable Trust and may be deemed to have the power to direct the voting and disposition of the Common Stock beneficially owned by the Prager Revocable Trust. Accordingly, pursuant to the regulations promulgated under Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), Mr. Paul B. Prager may be deemed to be a beneficial owner of the shares of Common Stock held for the account of the Prager Revocable Trust .
- [F3]By Beowulf E&D Holdings Inc. ("E&D Holdings"). The Reporting Person is the sole manager of E&D Holdings and, as a result, may be deemed to beneficially own the shares of the Common Stock held by E&D Holdings. The Reporting Person disclaims beneficial ownership of such shares of the Common Stock except to the extent of his pecuniary interest therein, and the inclusion of such shares of the Common Stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of the Common Stock for purposes of Section 16 of the Exchange Act, or for any other purpose.
- [F4]By Heorot Power Holdings LLC ("Heorot"). The Reporting Person is the sole manager of Heorot and, as a result, may be deemed to beneficially own the shares of the Common Stock held by Heorot. The Reporting Person disclaims beneficial ownership of such shares of the Common Stock except to the extent of his pecuniary interest therein, and the inclusion of such shares of the Common Stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of the Common Stock for purposes of Section 16 of the Exchange Act, or for any other purpose.