Nazar M. Khan - May 22, 2024 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
May 22, 2024
Transactions value $
$0
Form type
4
Date filed
5/24/2024, 05:14 PM
Previous filing
May 20, 2024
Next filing
Jun 18, 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 Disposed to Issuer -192K -1.96% 9.6M May 22, 2024 Direct F1
holding WULF Common stock, $0.001 par value per share 4.02M May 22, 2024 By Various Trusts F2
holding WULF Common stock, $0.001 par value per share 902K May 22, 2024 By Yaqeen I Trust F3
holding WULF Common stock, $0.001 par value per share 8.66M May 22, 2024 By Lake Harriet Holdings LLC F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 vesting of performance stock units, which vested on May 20, 2024, as reflected in a Form 4 filed on such date.
F2 By various trusts. The Reporting Person may be deemed to beneficially own the shares of common stock, par value $0.001 per share (the "Shares") held by such trusts. The Reporting Person disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein, and the inclusion of the Shares in this report shall not be deemed an admission of beneficial ownership of all of the reported Shares for purposes of Section 16 of the Securities Exchange of 1934, as amended, or for any other purpose.
F3 By Yaqeen I Trust. The Reporting Person may be deemed to beneficially own the Shares held by Yaqeen I Trust. The Reporting Person disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein, and the inclusion of the Shares in this report shall not be deemed an admission of beneficial ownership of all of the reported Shares for purposes of Section 16 of the Securities Exchange of 1934, as amended, or for any other purpose.
F4 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 held by Lake Harriet Holdings, LLC. The Reporting Person disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein, and the inclusion of the Shares in this report shall not be deemed an admission of beneficial ownership of all of the reported Shares for purposes of Section 16 of the Securities Exchange of 1934, as amended, or for any other purpose.