Nazar M. Khan - Dec 13, 2021 Form 4/A - Amendment Insider Report for TERAWULF INC. (WULF)

Role: COO & Chief Technology Officer, Director
Signature: /s/ Kenneth J. Deane, as attorney-in-fact for Nazar M. Khan
Stock symbol: WULF
Transactions as of: Dec 13, 2021
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 6/23/2022, 03:08 PM
Date Of Original Report: Dec 15, 2021
Next filing: Oct 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WULF	Common stock, $0.001 par value per share	Award		+4.02M			4.02M	Dec 13, 2021	By Various Trusts	F1, F2, F3
transaction	WULF	Common stock, $0.001 par value per share	Award		+2.68M			2.68M	Dec 13, 2021	By Yaqeen I Trust	F1, F2, F4
transaction	WULF	Common stock, $0.001 par value per share	Award		+910K			910K	Dec 13, 2021	By Lake Harriet Holdings, LLC	F1, F2, F5
transaction	WULF	Common stock, $0.001 par value per share	Award		+500			500	Dec 13, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Received in connection with the agreement and plan of merger, dated as of June 24, 2021 (as amended, supplemented or otherwise modified prior to the date hereof), by and among TeraWulf Inc. (formerly known as Telluride Holdco, Inc.), a Delaware corporation ("TeraWulf"), IKONICS Corporation, a Minnesota corporation ("IKONICS"), Telluride Merger Sub I, Inc., a Minnesota corporation ("Merger Sub I"), Telluride Merger Sub II, Inc., a Delaware corporation ("Merger Sub II"), and TeraCub Inc. (formerly known as TeraWulf Inc.), a Delaware corporation ("TeraCub"), pursuant to which (i) Merger Sub I, a wholly-owned subsidiary of TeraWulf, which was a wholly-owned subsidiary of IKONICS, merged with and into IKONICS (the "First Merger"), with IKONICS surviving the First Merger as a wholly-owned subsidiary of TeraWulf, and (cont'd on FN 2)
F2	(Cont'd from FN 1) (ii) Merger Sub II, a wholly-owned subsidiary of TeraWulf, merged with and into TeraCub (the "Second Merger"), with TeraCub surviving the Second Merger as a wholly-owned subsidiary of TeraWulf. The Reporting Person received the shares of common stock, $0.001 par value per share, of TeraWulf (the "Shares") as consideration for the Second Merger. This Form 4 amends the original Form 4 filed on December 15 to include an additional 500 shares received by the Reporting Person in connection with the merger.
F3	By various trusts. The Reporting Person may be deemed to beneficially own the Shares held by such trusts. 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.
F4	By Yaqeen I Trust. The Reporting Person may be deemed to beneficially own the Shares held by Yaqeen I Trust. 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.
F5	By Lake Harriet Holdings, LLC. 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.