Form 4: Terawulf CEO Paul Prager Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Paul Prager, CEO of Terawulf Inc., reports a distribution of shares from Stammtisch Investments LLC and updates on beneficial ownership through related entities.
Summary
- On June 14, 2024, Paul Prager, CEO of Terawulf Inc., reported changes in his beneficial ownership of the company's common stock.
- A distribution of 4,669,383 shares was made by Stammtisch Investments LLC to its members.
- Prager is the sole manager of Stammtisch Investments LLC, Beowulf Electricity & Data Inc., Heorot Power Holdings LLC, and Lucky Liefern LLC, and may be deemed to beneficially own shares held by these entities.
- Prager disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is common in publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership structure of the company.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of the share distribution by Stammtisch Investments LLC. |
| 06/18/2024 | Date of signature for the Form 4 filing. |
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