Nazar M. Khan - Jul 12, 2023 Form 4 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
Date filed: 10/24/2023, 08:00 PM
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						7.03M	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.