Nazar M. Khan - 13 Mar 2023 Form 4 Insider Report for TERAWULF INC. (WULF)

Role: COO & Chief Technology Officer, Director
Signature: /s/ Nazar M. Khan
Issuer symbol: WULF
Transactions as of: 13 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 13 Mar 2023, 19:52:52 UTC
Previous filing: 02 Mar 2023
Next filing: 16 Jun 2023
SEC: View on sec.gov

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	Options Exercise		+1,190,476	+27%		5,646,093	13 Mar 2023	By Lake Harriet Holdings, LLC	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WULF	Warrants to Purchase Common Stock	Options Exercise		+1,190,476			0	13 Mar 2023	Common Stock	1,190,476		By Lake Harriet Holdings, LLC	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents shares of common stock, $0.001 par value per share, of the Issuer ("Common Stock") received upon exercise of 1,190,476 warrants to purchase 1,190,476 shares of Common Stock ("Warrants"), at a price of $0.00001 per share for an aggregate purchase price of $11.91. The Warrants were purchased on January 30, 2023 for an aggregate purchase price of $1,250,000.
F2	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 of the Common Stock held by Lake Harriet Holdings, LLC. The Reporting Person disclaims beneficial ownership of the shares of the Common Stock except to the extent of his pecuniary interest therein, and the inclusion of the shares of the Common Stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of the Common Stock for purposes of Section 16 of the Securities Exchange of 1934, as amended, or for any other purpose.

Content

Represents shares of common stock, $0.001 par value per share, of the Issuer ("Common Stock") received upon exercise of 1,190,476 warrants to purchase 1,190,476 shares of Common Stock ("Warrants"), at a price of $0.00001 per share for an aggregate purchase price of $11.91. The Warrants were purchased on January 30, 2023 for an aggregate purchase price of $1,250,000.

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 of the Common Stock held by Lake Harriet Holdings, LLC. The Reporting Person disclaims beneficial ownership of the shares of the Common Stock except to the extent of his pecuniary interest therein, and the inclusion of the shares of the Common Stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of the Common Stock for purposes of Section 16 of the Securities Exchange of 1934, as amended, or for any other purpose.