Paul B. Prager - Mar 21, 2025 Form 4 Insider Report for TERAWULF INC. (WULF)

Role
Chief Executive Officer, Director
Signature
/s/ Paul B. Prager
Stock symbol
WULF
Transactions as of
Mar 21, 2025
Transactions value $
$0
Form type
4
Date filed
3/21/2025, 08:13 PM
Previous filing
Mar 7, 2025
Next filing
Apr 11, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WULF Common stock, $0.001 par value per share Other -261K -100% 0 Mar 21, 2025 By Beowulf Electricity & Data Inc. F1, F2
transaction WULF Common stock, $0.001 par value per share Other -655K -100% 0 Mar 21, 2025 By Lucky Liefern LLC F3, F4
transaction WULF Common stock, $0.001 par value per share Other -201K -100% 0 Mar 21, 2025 By Stammtisch Investments LLC F5, F6
transaction WULF Common stock, $0.001 par value per share Other -224K -13.89% 1.39M Mar 21, 2025 Direct F7
holding WULF Common stock, $0.001 par value per share 21.1M Mar 21, 2025 By Riesling Power LLC F8
holding WULF Common stock, $0.001 par value per share 5K Mar 21, 2025 By Heorot Power Holdings LLC F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 260,513 shares of common stock, par value $0.001 per share ("Common Stock") were contributed to Somerset Goods and Services Trust for no consideration.
F2 By Beowulf Electricity & Data Inc. ("Beowulf E&D") The Reporting Person is the sole shareholder of Beowulf E&D and, as a result, may be deemed to beneficially own the shares of Common Stock held by Beowulf E&D. The Reporting Person disclaims beneficial ownership of such shares of Common Stock except to the extent of his pecuniary interest therein, and the inclusion of such shares of Common Stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of Common Stock for purposes of Section 16 of the Exchange Act, or for any other purpose.
F3 654,706 shares of Common Stock were contributed to Somerset Goods and Services Trust for no consideration.
F4 By Lucky Liefern LLC. The Reporting Person is the sole manager of Lucky Liefern LLC and, as a result, may be deemed to beneficially own the shares of the Common Stock held by Lucky Liefern LLC. 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 Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.
F5 200,883 shares of Common Stock were contributed to Somerset Goods and Services Trust for no consideration.
F6 By Stammtisch Investments LLC ("Stammtisch"). The Reporting Person is the sole manager of Stammtisch and, as a result, may be deemed to beneficially own the shares of Common Stock held by Stammtisch. The Reporting Person disclaims beneficial ownership of such shares of Common Stock except to the extent of his pecuniary interest therein, and the inclusion of such shares of Common Stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of Common Stock for purposes of Section 16 of the Exchange Act, or for any other purpose.
F7 223,500 shares of Common Stock were contributed to Somerset Goods and Services Trust for no consideration.
F8 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 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.
F9 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.