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

CEO Paul Prager reports a transfer of 298,000 Terawulf shares to Somerset Goods and Services Trust, while also detailing beneficial ownership through several LLCs and a trust.

Summary

• Paul Prager, CEO of Terawulf Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• On February 10, 2025, Prager transferred 298,000 shares of common stock to Somerset Goods and Services Trust.
• The filing also outlines Prager's indirect beneficial ownership of shares through Stammtisch Investments LLC (800,883 shares), Beowulf Electricity & Data Inc. (260,513 shares), Riesling Power LLC (21,100,000 shares), and Lucky Liefern LLC (654,706 shares).
• Prager disclaims beneficial ownership of shares held by these entities 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

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.

Stakeholder Impact

• The share transfer may have a minor impact on shareholders, as it reflects a change in the CEO's direct ownership.

Key Dates

Keywords

Form 4, Beneficial Ownership, Terawulf, Paul Prager, Share Transfer, WULF, Stammtisch Investments LLC, Beowulf Electricity & Data Inc., Riesling Power LLC, Lucky Liefern LLC