Form 4 for WULF TERAWULF INC.
Accepted 2024-05-20 00:00:00 ET · period of report 2024-05-17 · accession 0001877476-24-000003 · 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 | 2024-05-20 | 2024-05-20 | WULF | Khan Nazar M. | COO + CTO, Dir | M - OptEx | — | +400.0K | 9.79M | +4% | — |
| DI | 2024-05-20 | 2024-05-17 | WULF | Khan Nazar M. | COO + CTO, Dir | M - OptEx | — | +1.62M | 8.66M | +23% | — |
| D | 2024-05-20 | 2024-05-20 | WULF | Khan Nazar M. | COO + CTO, Dir | M - OptEx | — | -400.0K | 800.0K | -33% | — |
| DI | 2024-05-20 | 2024-05-17 | WULF | Khan Nazar M. | COO + CTO, Dir | M - OptEx | — | -1.62M | 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 | 2024-05-20 | M | A | 400,000 | — | 9,787,913 | D | — | — | (F3) 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. (F4) The Reporting Person received performance stock units which 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. |
| 2 | Common | Common stock, $0.001 par value per share | 2024-05-17 | M | A | 1,622,926 | — | 8,657,908 | I By Lake Harriet Holdings LLC | — | — | (F1) Represents shares of common stock, $0.001 par value per share, of the Issuer ("Common Stock") received upon exercise of 1,622,926 warrants to purchase 1,622,926 shares of Common Stock ("Warrants"), at a price of $0.01 per share for an aggregate purchase price of $16,229.26. The Reporting Person contributed the Warrants to Lake Harriet Holdings, LLC ("Lake Harriet Holdings") on October 20, 2023. (F2) By Lake Harriet Holdings. The Reporting Person is the sole manager of Lake Harriet Holdings, LLC and, as a result, may be deemed to beneficially own the Shares held by Lake Harriet Holdings, LLC. The Reporting Person disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein, and the inclusion of the Shares in this report shall not be deemed an admission of beneficial ownership of all of the reported Shares for purposes of Section 16 of the Securities Exchange of 1934, as amended, or for any other purpose. |
| 3 | Derivative | Performance-Based Restricted Stock Units | 2024-05-20 | M | D | 400,000 | — | 800,000 | D | — · — to — | 400,000 Common stock, $0.001 par value per share | (F4) The Reporting Person received performance stock units which 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. (F5) Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share. (F3) 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. |
| 4 | Derivative | Warrants | 2024-05-17 | M | D | 1,622,926 | — | 0 | I Lake Harriet Holdings, LLC | $0.01 · 2024-04-01 to 2025-12-31 | 1,622,926 Common stock, $0.001 par value per share | (F1) Represents shares of common stock, $0.001 par value per share, of the Issuer ("Common Stock") received upon exercise of 1,622,926 warrants to purchase 1,622,926 shares of Common Stock ("Warrants"), at a price of $0.01 per share for an aggregate purchase price of $16,229.26. The Reporting Person contributed the Warrants to Lake Harriet Holdings, LLC ("Lake Harriet Holdings") on October 20, 2023. (F2) By Lake Harriet Holdings. The Reporting Person is the sole manager of Lake Harriet Holdings, LLC and, as a result, may be deemed to beneficially own the Shares held by Lake Harriet Holdings, LLC. The Reporting Person disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein, and the inclusion of the Shares in this report shall not be deemed an admission of beneficial ownership of all of the reported Shares for purposes of Section 16 of the Securities Exchange of 1934, as amended, or for any other purpose. |