Form 4 for WULF TERAWULF INC.
Accepted 2024-01-11 00:00:00 ET · period of report 2024-01-09 · accession 0001083301-24-000018 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2024-01-11 | 2024-01-10 | WULF | Prager Paul B. | CEO, Dir, 10% | J - Other | — | +800.0K | 2.26M | +55% | — |
| DM | 2024-01-11 | 2024-01-09 | WULF | Prager Paul B. | CEO, Dir, 10% | A - Grant | $0.00 | +2.50M | 1.00M | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common stock, $0.001 par value per share | 2024-01-10 | J | A | 800,000 | — | 2,260,513 | I By Beowulf Electricity & Data Inc. | — | — | (F1) The shares were issued to Beowulf Electricity & Data Inc. ("Beowulf E&D") as incentive equity compensation pursuant to that certain Administrative and Infrastructure Services Agreement, dated as of April 27, 2021 and as amended on March 29, 2023, between Beowulf E&D and the Issuer. (F2) By 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. |
| 2 | Derivative | Performance-Based Restricted Stock Units | 2024-01-09 | A | A | 1,500,000 | $0.00 | 1,500,000 | D | — · — to — | 1,500,000 Common stock, $0.001 par value per share | (F7) Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share. (F8) 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 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date. |
| 3 | Derivative | Restricted Stock Units | 2024-01-09 | A | A | 1,000,000 | $0.00 | 1,000,000 | D | — · — to — | 1,000,000 Common stock, $0.001 par value per share | (F9) Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share. (F10) Fifty percent (50%) of the restricted stock units shall vest upon each of the first two six month anniversaries of January 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date. |