| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| Prager Paul B. | Chief Executive Officer, Director | C/O TERAWULF INC., 9 FEDERAL STREET, EASTON | /s/ Paul B. Prager | 10 Sep 2025 | 0001877255 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | WULF | Common stock, $0.001 par value per share | Options Exercise | +500,000 | +70% | 1,215,200 | 08 Sep 2025 | Direct | F1 | ||
| transaction | WULF | Common stock, $0.001 par value per share | Disposed to Issuer | -276,500 | -23% | 938,700 | 08 Sep 2025 | Direct | F2 | ||
| holding | WULF | Common stock, $0.001 par value per share | 36,100,000 | 08 Sep 2025 | By Riesling Power LLC | F3 | |||||
| holding | WULF | Common stock, $0.001 par value per share | 4,795,580 | 08 Sep 2025 | By Beowulf E&D Holdings Inc. | F4 | |||||
| holding | WULF | Common stock, $0.001 par value per share | 5,000 | 08 Sep 2025 | By Heorot Power Holdings LLC | F5 |
| 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 | Options Exercise | $0 | -500,000 | -100% | $0.000000 | 0 | 08 Sep 2025 | Common stock, $0.001 par value per share | 500,000 | Direct | F1, F6 |
| Id | Content |
|---|---|
| F1 | The performance stock units vested 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. |
| F2 | The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement of performance stock units, which 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 each such date. |
| F3 | By Riesling Power LLC ("Riesling Power"). The Paul B. Prager 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. Accordingly, pursuant to the regulations promulgated under Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), Mr. Paul B. Prager may be deemed to be a beneficial owner of the shares of Common Stock held for the account of the Prager Revocable Trust . |
| F4 | By Beowulf E&D Holdings Inc. ("E&D Holdings"). The Reporting Person is the sole manager of E&D Holdings and, as a result, may be deemed to beneficially own the shares of the Common Stock held by E&D Holdings. 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 |
| F5 | 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 |
| F6 | Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share. |