| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | WULF | Common stock, $0.001 par value per share | Award | +1,100,000 | +123% | 1,994,000 | 02 Jan 2025 | Direct | F1 | ||
| transaction | WULF | Common stock, $0.001 par value per share | Disposed to Issuer | -608,300 | -31% | 1,385,700 | 02 Jan 2025 | Direct | F2 | ||
| transaction | WULF | Common stock, $0.001 par value per share | Other | -500,000 | -24% | 1,598,883 | 03 Jan 2025 | By Stammtisch Investments LLC | F3, F4 | ||
| holding | WULF | Common stock, $0.001 par value per share | 260,513 | 02 Jan 2025 | By Beowulf Electricity & Data Inc. | F5 | |||||
| holding | WULF | Common stock, $0.001 par value per share | 5,000 | 02 Jan 2025 | By Heorot Power Holdings LLC | F6 | |||||
| holding | WULF | Common stock, $0.001 par value per share | 654,706 | 02 Jan 2025 | By Lucky Liefern LLC | F7 | |||||
| holding | WULF | Common stock, $0.001 par value per share | 21,100,000 | 02 Jan 2025 | By Riesling Power LLC | F8 | |||||
| holding | WULF | Common stock, $0.001 par value per share | 1,598,883 | 02 Jan 2025 | By Stammtisch Investments LLC | F4 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | WULF | Performance-Based Restricted Stock Units | Award | $0 | +1,000,000 | $0.000000 | 1,000,000 | 02 Jan 2025 | Common stock, $0.001 par value per share | 1,000,000 | Direct | F9, F10 |
| Id | Content |
|---|---|
| F1 | The Reporting Person received 1,100,000 restricted shares of the Issuer's common stock, $0.001 par value per share ("Common Stock"), which vested immediately but remain subject to a 1-year transfer restriction. |
| F2 | The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement with regard to the restricted shares of Common Stock which vested on January 2, 2025, as reflected in this Form 4. |
| F3 | 500,000 shares of Common Stock were contributed to Somerset Goods and Services Trust for no consideration. |
| F4 | By Stammtisch Investments LLC ("Stammtisch"). The Reporting Person is the sole manager of Stammtisch and, as a result, may be deemed to beneficially own the shares of Common Stock held by Stammtisch. The Reporting Person disclaims beneficial ownership of such shares of Common Stock 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 shares of Common Stock for purposes of Section 16 of the Exchange Act, or for any other purpose. |
| F5 | By Beowulf Electricity & Data Inc. ("Beowulf E&D") The Reporting Person is the sole shareholder of Beowulf E&D and, as a result, may be deemed to beneficially own the shares of Common Stock held by Beowulf E&D. The Reporting Person disclaims beneficial ownership of such shares of Common Stock 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 shares of Common Stock for purposes of Section 16 of the Exchange Act, or for any other purpose. |
| F6 | By Heorot Power Holdings LLC ("Heorot"). The Reporting Person is the sole manager of Heorot and, as a result, may be deemed to beneficially own the shares of the Common Stock held by Heorot. The Reporting Person disclaims beneficial ownership of such shares of the Common Stock except to the extent of his pecuniary interest therein, and the inclusion of such 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 Exchange Act, or for any other purpose. |
| F7 | By Lucky Liefern LLC. The Reporting Person is the sole manager of Lucky Liefern LLC and, as a result, may be deemed to beneficially own the shares of the Common Stock held by Lucky Liefern LLC. The Reporting Person disclaims beneficial ownership of such shares of the Common Stock except to the extent of his pecuniary interest therein, and the inclusion of such 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 Exchange Act, or for any other purpose. |
| F8 | By Riesling Power LLC ("Riesling Power"). The Paul B. Prager 2020 Revocable Trust ("Prager Revocable Trust") is the sole member of Riesling Power. The Reporting Person is the sole trustee of the Prager Revocable Trust and may be deemed to have the power to direct the voting and disposition of the Common Stock beneficially owned by the Prager Revocable Trust. The Reporting Person disclaims beneficial ownership of such shares of the Common Stock except to the extent of his pecuniary interest therein, and the inclusion of such 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 Exchange Act, or for any other purpose. |
| F9 | Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share. |
| F10 | 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, 2025, subject to the Reporting Person's continued employment or service with the Issuer through such date. |