Nazar M. Khan - Oct 31, 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: Oct 31, 2024
Transactions value $: $0
Form type: 4
Date filed: 11/4/2024, 05:40 PM
Previous filing: Sep 20, 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	Award		+200K	+1.55%		13.1M	Oct 31, 2024	Direct	F1
transaction	WULF	Common stock, $0.001 par value per share	Disposed to Issuer		-111K	-0.84%		13M	Oct 31, 2024	Direct	F2
holding	WULF	Common stock, $0.001 par value per share						7.27M	Oct 31, 2024	By Lake Harriet Holdings LLC	F3
holding	WULF	Common stock, $0.001 par value per share						4.02M	Oct 31, 2024	By Various Trusts	F4
holding	WULF	Common stock, $0.001 par value per share						902K	Oct 31, 2024	By Yaqeen I Trust	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person received 200,000 restricted shares of the Issuer's common stock, $0.001 par value per share, 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 October 31, 2024, as reflected in this Form 4.
F3	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.
F4	By various trusts. The Reporting Person may be deemed to beneficially own the shares of common stock (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.
F5	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.