Form 4 for WULF TERAWULF INC.
Accepted 2025-01-03 00:00:00 ET · period of report 2025-01-02 · accession 0001877255-25-000002 · 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 | 2025-01-03 | 2025-01-03 | WULF | Prager Paul B. | CEO, Dir | J - Other | — | -500.0K | 1.60M | -24% | — |
| D | 2025-01-03 | 2025-01-02 | WULF | Prager Paul B. | CEO, Dir | D - Sale to Iss | — | -608.3K | 1.39M | -31% | — |
| D | 2025-01-03 | 2025-01-02 | WULF | Prager Paul B. | CEO, Dir | A - Grant | — | +1.10M | 1.99M | +123% | — |
| D | 2025-01-03 | 2025-01-02 | WULF | Prager Paul B. | CEO, Dir | A - Grant | $0.00 | +1.00M | 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 | 2025-01-03 | J | D | 500,000 | — | 1,598,883 | I | — | — | (F3) 500,000 shares of Common Stock were contributed to Somerset Goods and Services Trust for no consideration. |
| 2 | Common | Common stock, $0.001 par value per share | 2025-01-02 | D | D | 608,300 | — | 1,385,700 | D | — | — | (F2) 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 restricted shares of Common Stock which vested on January 2, 2025, as reflected in this Form 4. |
| 3 | Common | Common stock, $0.001 par value per share | 2025-01-02 | A | A | 1,100,000 | — | 1,994,000 | D By Stammtisch Investments LLC | — | — | (F1) The Reporting Person received 1,100,000 restricted shares of the Issuer's common stock, $0.001 par value per share ("Common Stock"), which vested immediately but remain subject to a 1-year transfer restriction. (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. |
| 4 | Derivative | Performance-Based Restricted Stock Units | 2025-01-02 | A | A | 1,000,000 | $0.00 | 1,000,000 | D | — · — to — | 1,000,000 Common stock, $0.001 par value per share | (F10) 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 2, 2025, 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. |