Nazar M. Khan - 02 Jan 2026 Form 4 Insider Report for TERAWULF INC. (WULF)

Role: Chief Technology Officer, Director
Signature: /s/ Nazar M. Khan
Issuer symbol: WULF
Transactions as of: 02 Jan 2026
Net transactions value: $0
Form type: 4
Filing time: 02 Jan 2026, 21:32:02 UTC
Previous filing: 22 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Khan Nazar M.	Chief Technology Officer, Director	C/O TERAWULF INC., 9 FEDERAL STREET, EASTON	/s/ Nazar M. Khan	02 Jan 2026	0001877476

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	Restricted Stock Units	Award	$0	+6,541,078		$0.000000	6,541,078	02 Jan 2026	Common stock, $0.001 par value per share	6,541,078		Direct	F1, F2
transaction	WULF	Performance-Based Restricted Stock Units	Award	$0	+3,270,539		$0.000000	3,270,539	02 Jan 2026	Common stock, $0.001 par value per share	3,270,539		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share ("Common Stock").
F2	One-third (1/3rd) of the restricted stock units shall vest upon each of the first three anniversaries of January 2, 2026, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
F3	Each performance stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F4	The performance stock units will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 2, 2026, subject to the Reporting Person's continued employment or service with the Issuer through each such date.