Nazar M. Khan - Aug 29, 2025 Form 4 Insider Report for TERAWULF INC. (WULF)

Signature
/s/ Nazar M. Khan
Stock symbol
WULF
Transactions as of
Aug 29, 2025
Transactions value $
$0
Form type
4
Date filed
9/3/2025, 06:34 PM
Previous filing
Aug 1, 2025
Next filing
Sep 10, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Khan Nazar M. Chief Technology Officer, Director C/O TERAWULF INC., 9 FEDERAL STREET, EASTON /s/ Nazar M. Khan 2025-09-03 0001877476

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 Options Exercise +400K +2.83% 14.5M Aug 29, 2025 Direct F1
transaction WULF Common stock, $0.001 par value per share Disposed to Issuer -221K -1.52% 14.3M Sep 3, 2025 Direct F2
holding WULF Common stock, $0.001 par value per share 7.27M Aug 29, 2025 By Lake Harriet Holdings LLC F3
holding WULF Common stock, $0.001 par value per share 4.02M Aug 29, 2025 By Various Trusts F4
holding WULF Common stock, $0.001 par value per share 415K Aug 29, 2025 By Yaqeen I Trust F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WULF Performance-Based Restricted Stock Units Options Exercise $0 -400K -50% $0.00 400K Aug 29, 2025 Common stock, $0.001 par value per share 400K Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 Exchange Act, 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 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.