Form 4: Terawulf CEO Paul Prager Reports Share Transfer to Trust
Insider Transaction Report
Terawulf Inc. CEO and Director Paul B. Prager reported a transfer of 94,000 shares of common stock to a trust for no consideration, as detailed in a recent SEC Form 4 filing.
Summary
- Paul B. Prager, the Chief Executive Officer and a Director of Terawulf Inc. (WULF), filed a Form 4 with the SEC.
- The filing reports a transaction that occurred on May 29, 2025.
- Mr. Prager disposed of 94,000 shares of Terawulf common stock, par value $0.001 per share.
- These shares were contributed to the Somerset Goods and Services Trust for no consideration.
- Following this transaction, Mr. Prager directly beneficially owns 491,700 shares of common stock.
- Mr. Prager also maintains significant indirect beneficial ownership, including 5,798,319 shares through Beowulf E&D Holdings Inc., 5,000 shares through Heorot Power Holdings LLC, and 21,100,000 shares through Riesling Power LLC.
- Mr. Prager disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest therein.
Sentiment
Score: 5
Explanation: The document reports a personal share transfer by an insider to a trust for no consideration. This type of transaction is generally neutral in terms of its direct impact on the company's operational performance or future prospects, as it is typically for estate planning rather than a market sale or purchase.
Future Outlook
NA
Industry Context
This SEC Form 4 filing details a routine insider transaction involving the transfer of shares by a company executive to a trust. Such transactions are typically for personal estate planning purposes and do not inherently reflect broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders are informed of changes in the direct and indirect holdings of a key executive, providing transparency regarding insider ownership structure.
Key Dates
| Date | Description |
|---|---|
| 05/29/2025 | Date of transaction where 94,000 shares of common stock were contributed to Somerset Goods and Services Trust. |
| 05/30/2025 | Date the Form 4 was signed and filed with the SEC. |
Keywords
Terawulf, WULF, Paul B. Prager, SEC Form 4, insider transaction, beneficial ownership, common stock, trust
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