Nazar M. Khan - Oct 6, 2022 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: Oct 6, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/11/2022, 07:35 PM
Previous filing: Oct 3, 2022
Next filing: Feb 1, 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	Award		+1.39M	+152.67%		2.3M	Oct 6, 2022	By Lake Harriet Holdings, LLC	F1, F2
holding	WULF	Common stock, $0.001 par value per share						3.81M	Oct 6, 2022	Direct
holding	WULF	Common stock, $0.001 par value per share						4.02M	Oct 6, 2022	By Various Trusts	F3
holding	WULF	Common stock, $0.001 par value per share						2.68M	Oct 6, 2022	By Yaqeen I Trust	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 to Purchase Common Stock	Award		+1.39M			1.39M	Oct 6, 2022	Common Stock	1.39M	$1.93	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 the purchase from the Issuer of 1,388,889 units of the Issuer ("Units"), with each Unit consisting of one share of common stock, $0.001 par value per share, of the Issuer ("Common Stock") and one warrant to purchase one share of Common Stock ("Warrants"), at a price of $1.26 per Unit for an aggregate purchase price of $1,750,000. The shares of the Common Stock and the Warrants comprising the Units were issued separately and are tradeable separately.
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.
F3	By various trusts. The Reporting Person may be deemed to beneficially own the shares of the Common Stock held by such trusts. 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.
F4	By Yaqeen I Trust. The Reporting Person may be deemed to beneficially own the shares of the Common Stock held by Yaqeen I Trust. 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.