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

Role
Chief Operating Officer + CTO, Director
Signature
/s/ Nazar M. Khan
Stock symbol
WULF
Transactions as of
Jul 12, 2023
Transactions value $
$0
Form type
4/A
Date filed
6/7/2024, 08:00 PM
Date Of Original Report
Oct 24, 2023
Previous filing
Jun 16, 2023
Next filing
Jan 11, 2024

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 -1.78M -66.35% 902K Jul 12, 2023 By Yaqeen I Trust F1, F2
transaction WULF Common stock, $0.001 par value per share Other +1.78M +23.37% 9.39M Jul 12, 2023 Direct F1
transaction WULF Common stock, $0.001 par value per share Other +513K +5.47% 9.9M Oct 20, 2023 Direct F5
transaction WULF Common stock, $0.001 par value per share Sale -513K -5.19% 9.39M Oct 20, 2023 Direct F6
holding WULF Common stock, $0.001 par value per share 4.02M Jul 12, 2023 By Various Trusts F3
holding WULF Common stock, $0.001 par value per share 5.65M Jul 12, 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 +1.62M 1.62M Oct 20, 2023 Common stock, $0.001 par value per share 1.62M $0.01 Direct F5
transaction WULF Warrants Other -1.62M -100% 0 Oct 20, 2023 Common stock, $0.001 par value per share 1.62M $0.01 Direct F7
transaction WULF Warrants Other +1.62M 1.62M Oct 20, 2023 Common stock, $0.001 par value per share 1.62M $0.01 Lake Harriet Holdings, LLC F7
transaction WULF Warrants Other +441K +100% 882K Oct 20, 2023 Common stock, $0.001 par value per share 441K $1.00 Direct F5
transaction WULF Warrants Other -441K -100% 0 Oct 20, 2023 Common stock, $0.001 par value per share 441K $1.00 Direct F8
transaction WULF Warrants Other +441K 441K Oct 20, 2023 Common stock, $0.001 par value per share 441K $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.