TeraWulf (WULF) CTO Nazar M. Khan Converts RSUs — 666,667 Shares

What Happened

• Nazar M. Khan, Chief Technology Officer and Director of TeraWulf Inc. (WULF), had 666,667 restricted stock units (RSUs) vest and convert into 666,667 shares of common stock on September 29, 2026 (reported as a derivative conversion — Form 4 code M). The filing also shows a simultaneous disposition of 666,667 shares on the same date. No per-share price or total dollar value is reported in the filing excerpt.

Key Details

• Transaction date: 2026-09-29; Transaction code: M (exercise/conversion of derivative).
• Shares acquired via conversion: 666,667 RSUs → 666,667 shares.
• Shares disposed same day: 666,667 shares (disposition is listed but the filing does not state the reason or price; price shown as N/A).
• Post-transaction holdings: Not specified in the provided filing excerpt.
• Notable footnotes:
  • The 666,667 RSUs vested on Sept 29, 2026 (Footnote F1 & F8); each RSU converts to one share (F7).
  • Vesting was deferred from the original first-anniversary date to Sept 29, 2026 by mutual agreement (F8).
  • Several footnotes (F2–F6) note shares held in trusts (e.g., the Khan Revocable Trust and Lake Harriet Holdings) for which Mr. Khan may be deemed a beneficial owner for reporting purposes.
• Filing timeliness: Reported on 2026-09-29 (no indication in the excerpt that the filing was late).

Context

• Code M indicates exercise or conversion of a derivative (here, RSUs converting into shares). The filing shows both acquisition (conversion) and disposal of the same number of shares on the same day; the Form 4 does not specify whether the disposition was a sell-to-cover/tax withholding, an open-market sale, or another type of transfer. Such conversions are typically the result of awards vesting rather than a buy/sell signal by itself.