Form 4 for WULF TERAWULF INC.
Accepted 2024-10-10 00:00:00 ET · period of report 2024-10-09 · accession 0001877255-24-000033 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2024-10-10 | 2024-10-10 | WULF | Prager Paul B. | CEO, Dir | J - Other | — | -1.00M | 4.20M | -19% | — |
| I | 2024-10-10 | 2024-10-09 | WULF | Prager Paul B. | CEO, Dir | A - Grant | — | +20.00M | 20.00M | New | — |
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 | 2024-10-10 | J | D | 1,000,000 | — | 4,198,883 | I By Stammtisch Investments LLC | — | — | (F3) 1 million shares of Common Stock were contributed to Somerset Goods and Services Trust for no consideration. (F4) 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. |
| 2 | Common | Common stock, $0.001 par value per share | 2024-10-09 | A | A | 20,000,000 | — | 20,000,000 | I By Riesling Power LLC | — | — | (F1) Riesling Power LLC ("Riesling Power") is the parent company of Somerset Operating Company, LLC ("Somerset"). Somerset and the issuer's subsidiary Lake Mariner Data LLC ("Lake Mariner Data") are parties to a prior lease agreement, dated June 1, 2021 (the "Prior Lease"). Riesling Power received 20 million shares of common stock, par value $0.001 per share ("Common Stock"), as consideration for Somerset's willingness to terminate the Prior Lease and enter into a new lease agreement with Lake Mariner Data on October 9, 2024. (F2) By Riesling Power. The Reporting Person is the sole manager of Riesling Power and, as a result, may be deemed to beneficially own the shares of Common Stock held by Riesling Power. 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. |