4//SEC Filing
Khan Nazar M. 4
Accession 0001877476-25-000011
CIK 0001083301other
Filed
Sep 9, 8:00 PM ET
Accepted
Sep 10, 6:42 PM ET
Size
13.0 KB
Accession
0001877476-25-000011
Insider Transaction Report
Form 4
TERAWULF INC.WULF
Khan Nazar M.
DirectorChief Technology Officer
Transactions
- Exercise/Conversion
Common stock, $0.001 par value per share
2025-09-08+400,000→ 14,725,223 total - Exercise/Conversion
Performance-Based Restricted Stock Units
2025-09-08−400,000→ 0 total→ Common stock, $0.001 par value per share (400,000 underlying) - Disposition to Issuer
Common stock, $0.001 par value per share
2025-09-08−221,200→ 14,504,023 total
Holdings
- 414,939(indirect: By Trust)
Common stock, $0.001 par value per share
- 7,269,019(indirect: By LLC)
Common stock, $0.001 par value per share
- 4,019,787(indirect: By Trust)
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 Lake Harriet Holdings, LLC ("Lake Harriet Holdings"). The Nazar M. Khan Revocable Trust ("Khan Revocable Trust") is the sole member of Lake Harriet Holdings. The Reporting Person is the sole trustee of the Khan Revocable Trust and may be deemed to have the power to direct the voting and disposition of the Common Stock beneficially owned by the Khan Trust. Accordingly, pursuant to the regulations promulgated under Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Reporting Person may be deemed to be a beneficial owner of the shares of Common Stock held for the account of the Khan Revocable Trust.
- [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.
Documents
Issuer
TERAWULF INC.
CIK 0001083301
Entity typeother
Related Parties
1- filerCIK 0001877476
Filing Metadata
- Form type
- 4
- Filed
- Sep 9, 8:00 PM ET
- Accepted
- Sep 10, 6:42 PM ET
- Size
- 13.0 KB