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

Role
COO & Chief Technology Officer, Director
Signature
/s/ Nazar M. Khan
Stock symbol
WULF
Transactions as of
Mar 13, 2023
Transactions value $
$0
Form type
4
Date filed
3/13/2023, 07:52 PM
Previous filing
Mar 2, 2023
Next filing
Jun 16, 2023

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 +1.19M +26.72% 5.65M Mar 13, 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 +1.19M 0 Mar 13, 2023 Common Stock 1.19M 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.