Form 4 for WULF TERAWULF INC.
Accepted 2024-07-01 00:00:00 ET · period of report 2024-06-25 · accession 0001877255-24-000022 · 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 | 2024-07-01 | 2024-07-01 | WULF | Prager Paul B. | CEO, Dir | D - Sale to Iss | — | -276.5K | 670.5K | -29% | — |
| D | 2024-07-01 | 2024-06-27 | WULF | Prager Paul B. | CEO, Dir | M - OptEx | — | +500.0K | 947.0K | +112% | — |
| DI | 2024-07-01 | 2024-06-25 | WULF | Prager Paul B. | CEO, Dir | J - Other | — | -2.00M | 8.20M | -20% | — |
| D | 2024-07-01 | 2024-06-27 | WULF | Prager Paul B. | CEO, Dir | M - OptEx | — | -500.0K | 0 | -100% | — |
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 | 2024-07-01 | D | D | 276,500 | — | 670,500 | D | — | — | (F4) The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement with regard to the vesting of performance stock units, which vested on June 27, 2024, as reflected in this Form 4. |
| 2 | Common | Common stock, $0.001 par value per share | 2024-06-27 | M | A | 500,000 | — | 947,000 | D | — | — | (F3) The Reporting Person received performance stock units which vested in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 9, 2024, as reflected in this Form 4, subject to the Reporting Person's continued employment or service with the Issuer through such date. |
| 3 | Common | Common stock, $0.001 par value per share | 2024-06-25 | J | D | 2,000,000 | — | 8,198,883 | I By Stammtisch Investments LLC | — | — | (F1) 2,000,000 shares of common stock, par value $0.01 per share ("Common Stock") were contributed to Somerset Goods and Services Trust for no consideration. (F2) 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. |
| 4 | Derivative | Performance-Based Restricted Stock Units | 2024-06-27 | M | D | 500,000 | — | 0 | D | — · — to — | 500,000 Common stock, $0.001 par value per share | (F10) 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 9, 2024, subject to the Reporting Person's continued employment or service with the Issuer through such date. (F9) Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share. |