4//SEC Filing
Prager Paul B. 4
Accession 0001877255-25-000042
CIK 0001083301other
Filed
Sep 2, 8:00 PM ET
Accepted
Sep 3, 6:24 PM ET
Size
13.3 KB
Accession
0001877255-25-000042
Insider Transaction Report
Form 4
TERAWULF INC.WULF
Prager Paul B.
DirectorChief Executive Officer10% Owner
Transactions
- Exercise/Conversion
Common stock, $0.001 par value per share
2025-08-29+500,000→ 991,700 total - Disposition to Issuer
Common stock, $0.001 par value per share
2025-09-03−276,500→ 715,200 total - Exercise/Conversion
Performance-Based Restricted Stock Units
2025-08-29−500,000→ 500,000 total→ Common stock, $0.001 par value per share (500,000 underlying)
Holdings
- 5,000(indirect: By LLC)
Common stock, $0.001 par value per share
- 36,100,000(indirect: By LLC)
Common stock, $0.001 par value per share
- 4,795,580(indirect: By Beowulf E&D Holdings Inc.)
Common stock, $0.001 par value per share
Footnotes (6)
- [F1]The performance stock units vested in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 2, 2025, subject to the Reporting Person's continued employment or service with the Issuer through such date.
- [F2]The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement of performance stock units, which vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 2, 2025, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
- [F3]By Riesling Power LLC ("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 .
- [F4]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
- [F5]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
- [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.
Documents
Issuer
TERAWULF INC.
CIK 0001083301
Entity typeother
Related Parties
1- filerCIK 0001877255
Filing Metadata
- Form type
- 4
- Filed
- Sep 2, 8:00 PM ET
- Accepted
- Sep 3, 6:24 PM ET
- Size
- 13.3 KB