4//SEC Filing
Khan Nazar M. 4
Accession 0001877476-25-000001
CIK 0001083301other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 6:26 PM ET
Size
13.0 KB
Accession
0001877476-25-000001
Insider Transaction Report
Form 4
TERAWULF INC.WULF
Khan Nazar M.
DirectorChief Technology Officer
Transactions
- Award
Common stock, $0.001 par value per share
2025-01-02+1,000,000→ 14,026,884 total - Disposition to Issuer
Common stock, $0.001 par value per share
2025-01-02−546,131→ 13,480,753 total - Award
Performance-Based Restricted Stock Units
2025-01-02+800,000→ 800,000 total→ Common stock, $0.001 par value per share (800,000 underlying)
Holdings
- 7,269,019(indirect: By LLC)
Common stock, $0.001 par value per share
- 901,809(indirect: By Trust)
Common stock, $0.001 par value per share
- 4,019,787(indirect: By Trust)
Common stock, $0.001 par value per share
Footnotes (7)
- [F1]The Reporting Person received 800,000 restricted shares of the Issuer's common stock, $0.001 par value per share ("Common Stock"), which vested immediately but remain subject to a 1-year transfer restriction.
- [F2]The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement with regard to the restricted shares of Common Stock which vested on January 2, 2025, as reflected in this Form 4.
- [F3]By Lake Harriet Holdings, LLC. The Reporting Person is the sole manager of Lake Harriet Holdings, LLC and, as a result, may be deemed to beneficially own the Shares held by Lake Harriet Holdings, LLC. The Reporting Person disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein, and the inclusion of the Shares in this report shall not be deemed an admission of beneficial ownership of all of the reported Shares for purposes of Section 16 of the Securities Exchange of 1934, as amended, or for any other purpose.
- [F4]By various trusts. The Reporting Person may be deemed to beneficially own the Shares held by such trusts. The Reporting Person disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein, and the inclusion of the Shares in this report shall not be deemed an admission of beneficial ownership of all of the reported Shares for purposes of Section 16 of the Securities Exchange of 1934, as amended, or for any other purpose.
- [F5]By Yaqeen I Trust. The Reporting Person may be deemed to beneficially own the Shares held by Yaqeen I Trust. The Reporting Person disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein, and the inclusion of the Shares in this report shall not be deemed an admission of beneficial ownership of all of the reported Shares for purposes of Section 16 of the Securities Exchange of 1934, as amended, 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.
- [F7]The performance stock units will 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 such date.
Documents
Issuer
TERAWULF INC.
CIK 0001083301
Entity typeother
Related Parties
1- filerCIK 0001877476
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 6:26 PM ET
- Size
- 13.0 KB