Nazar M. Khan - 12 Jul 2023 Form 4/A Insider Report for TERAWULF INC. (WULF)

Role
Chief Operating Officer + CTO, Director
Signature
/s/ Nazar M. Khan
Issuer symbol
WULF
Transactions as of
12 Jul 2023
Net transactions value
$0
Form type
4/A
Filing time
07 Jun 2024, 20:00:16 UTC
Date Of Original Report
24 Oct 2023
Previous filing
16 Jun 2023
Next filing
11 Jan 2024
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 Other -1,778,048 -66% 901,809 12 Jul 2023 By Yaqeen I Trust F1, F2
transaction WULF Common stock, $0.001 par value per share Other +1,778,048 +23% 9,387,913 12 Jul 2023 Direct F1
transaction WULF Common stock, $0.001 par value per share Other +513,484 +5.5% 9,901,397 20 Oct 2023 Direct F5
transaction WULF Common stock, $0.001 par value per share Sale -513,484 -5.2% 9,387,913 20 Oct 2023 Direct F6
holding WULF Common stock, $0.001 par value per share 4,019,787 12 Jul 2023 By Various Trusts F3
holding WULF Common stock, $0.001 par value per share 5,646,093 12 Jul 2023 By Lake Harriet Holdings LLC F4

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 Other +1,622,926 1,622,926 20 Oct 2023 Common stock, $0.001 par value per share 1,622,926 $0.0100 Direct F5
transaction WULF Warrants Other -1,622,926 -100% 0 20 Oct 2023 Common stock, $0.001 par value per share 1,622,926 $0.0100 Direct F7
transaction WULF Warrants Other +1,622,926 1,622,926 20 Oct 2023 Common stock, $0.001 par value per share 1,622,926 $0.0100 Lake Harriet Holdings, LLC F7
transaction WULF Warrants Other +441,163 +100% 882,326 20 Oct 2023 Common stock, $0.001 par value per share 441,163 $1.00 Direct F5
transaction WULF Warrants Other -441,163 -100% 0 20 Oct 2023 Common stock, $0.001 par value per share 441,163 $1.00 Direct F8
transaction WULF Warrants Other +441,163 441,163 20 Oct 2023 Common stock, $0.001 par value per share 441,163 $1.00 Lake Harriet Holdings, LLC F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 12, 2023, Yaqeen I Trust transferred 1,778,048 shares of common stock, par value $0.001 per share ("Common Stock") of the Issuer to the Reporting Person for no consideration.
F2 By Yaqeen I Trust. The Reporting Person may be deemed to beneficially own the shares of Common Stock held by Yaqeen I Trust. The Reporting Person disclaims beneficial ownership of the Shares of Common Stock except to the extent of his pecuniary interest therein, and the inclusion of the 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 Securities Exchange of 1934, as amended, or for any other purpose.
F3 By various trusts. The Reporting Person may be deemed to beneficially own the shares of Common Stock held by such trusts. The Reporting Person disclaims beneficial ownership of the shares of Common Stock except to the extent of his pecuniary interest therein, and the inclusion of the 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 Securities Exchange of 1934, as amended, or for any other purpose.
F4 By Lake Harriet Holdings, LLC ("Lake Harriet Holdings"). The Reporting Person is the sole manager of Lake Harriet Holdings and, as a result, may be deemed to beneficially own the shares of Common Stock held by Lake Harriet Holdings. The Reporting Person disclaims beneficial ownership of the shares of Common Stock except to the extent of his pecuniary interest therein, and the inclusion of the 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 Securities Exchange of 1934, as amended, or for any other purpose.
F5 NovaWulf Digital Private Fund LLC distributed warrants and shares of Common Stock to its members, including the Reporting Person.
F6 Immediately following receipt of the distribution from NovaWulf Private Fund, the Reporting Person contributed 513,484 shares of Common Stock to Somerset Goods and Services Trust for no consideration.
F7 This transaction involved the Reporting Person's contribution of 1,622,926 penny warrants to Lake Harriet Holdings. The Reporting Person is the sole manager of Lake Harriet Holdings, and, as a result, may be deemed to beneficially own the penny warrants held by Lake Harriet Holdings. The Reporting Person disclaims beneficial ownership of such penny warrants 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 penny warrants for purposes of Section 16 of the Exchange Act, or for any other purpose.
F8 This transaction involved the Reporting Person's contribution of 441,163 dollar warrants to Lake Harriet Holdings. The Reporting Person is the sole manager of Lake Harriet Holdings, and, as a result, may be deemed to beneficially own the penny warrants held by Lake Harriet Holdings. The Reporting Person disclaims beneficial ownership of such penny warrants 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 penny warrants for purposes of Section 16 of the Exchange Act, or for any other purpose.

Remarks:

This Form 4 is being amended to correctly reflect the number of shares of common stock directly owned by Lake Harriet Holdings in Table I. The prior filing inadvertently also included shares underlying warrants.