Form 4 for WULF TERAWULF INC.

Accepted 2025-12-11 00:00:00 ET · period of report 2025-12-09 · accession 0001083301-25-000116 · 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
D	2025-12-11	2025-12-09	WULF	Pincus Steven T.	Dir	M - OptEx	—	+7,097	336.4K	+2%	—
D	2025-12-11	2025-12-09	WULF	Pincus Steven T.	Dir	M - OptEx	$1,000.00	-50	0	-100%	-$50.0K

Purchase Sale Sale after option exercise All abbreviations

#	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	2025-12-09	M	A	7,097	—	336,365	D	—	—	(F1) As of the date of the event requiring the filing of this report, the 50 shares of Series A Convertible Preferred Stock (the "Preferred Stock") were converted into 7,097 shares of common stock, par value $0.001 per share, via a mandatory conversion by the Issuer of all of the shares of its Preferred Stock pursuant to Sec. 10(c) of the Certificate of Designations of the Preferred Stock, at a conversion price of $10.00 per share of Preferred Stock, as previously disclosed on the Issuer's current report on Form 8-K filed on November 25, 2025.
2	Derivative	Series A Convertible Preferred Stock	2025-12-09	M	D	50	$1,000.00	0	D	— · — to —	7,097 Common stock, $0.001 par value per share	(F1) As of the date of the event requiring the filing of this report, the 50 shares of Series A Convertible Preferred Stock (the "Preferred Stock") were converted into 7,097 shares of common stock, par value $0.001 per share, via a mandatory conversion by the Issuer of all of the shares of its Preferred Stock pursuant to Sec. 10(c) of the Certificate of Designations of the Preferred Stock, at a conversion price of $10.00 per share of Preferred Stock, as previously disclosed on the Issuer's current report on Form 8-K filed on November 25, 2025.