Form 4: Terawulf CEO Paul Prager Transfers 1,000,000 Shares to Somerset Goods and Services Trust

Terawulf Inc. CEO Paul B. Prager reported a transaction involving the transfer of 1,000,000 shares of common stock to Somerset Goods and Services Trust on August 13, 2024.

Summary

• On August 13, 2024, Paul B. Prager, CEO of Terawulf Inc., transferred 1,000,000 shares of Terawulf common stock to Somerset Goods and Services Trust.
• The transaction was reported on a Form 4 filing with the SEC.
• Following the transaction, Prager directly owns 894,000 shares and indirectly owns 7,198,883 shares through Stammtisch Investments LLC, 260,513 shares through Beowulf Electricity & Data Inc., 5,000 shares through Heorot Power Holdings LLC, 654,706 shares through Lucky Liefern LLC, and 10,638 shares through Somerset Operating Company, LLC.
• Prager disclaims beneficial ownership of shares held by Stammtisch Investments LLC, Beowulf Electricity & Data Inc., Heorot Power Holdings LLC, Lucky Liefern LLC, and Somerset Operating Company, LLC except to the extent of his pecuniary interest therein.

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 of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their ownership positions.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects a change in the CEO's ownership structure, but the CEO still retains a significant number of shares.

Key Dates