Form 4: Terawulf CEO Paul Prager Transfers 300,000 Shares to Somerset Goods and Services Trust

Terawulf Inc. CEO Paul B. Prager reported the contribution of 300,000 shares of common stock to Somerset Goods and Services Trust in a recent SEC filing.

Summary

• Paul B. Prager, CEO of Terawulf Inc., filed a Form 4 with the SEC on March 4, 2025.
• The filing reports a transaction on February 28, 2025, where 300,000 shares of Terawulf common stock were contributed to Somerset Goods and Services Trust.
• The shares were transferred for no consideration.
• Following the transaction, Prager's directly held shares amount to 1,609,200.
• Prager also indirectly owns shares through several entities, including Stammtisch Investments LLC (500,883 shares), Beowulf Electricity & Data Inc. (260,513 shares), Heorot Power Holdings LLC (5,000 shares), Lucky Liefern LLC (654,706 shares), and Riesling Power LLC (21,100,000 shares).

Sentiment

Score: 5

Explanation: This is a routine filing related to a share transfer, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transfer of shares could be of interest to shareholders as it reflects changes in the CEO's holdings, but the impact is likely minimal given the overall size of his holdings.

Key Dates