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

Terawulf Inc. CEO Paul B. Prager reported the transfer of common stock to Somerset Goods and Services Trust through various entities he controls, without consideration.

Summary

• On March 21, 2025, Paul B. Prager, CEO of Terawulf Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• Prager transferred shares to Somerset Goods and Services Trust through several entities he controls, including Beowulf Electricity & Data Inc., Lucky Liefern LLC, Stammtisch Investments LLC, and directly.
• The transfers involved 260,513 shares from Beowulf E&D, 654,706 shares from Lucky Liefern LLC, 200,883 shares from Stammtisch Investments LLC, and 223,500 shares directly.
• These transfers were made for no consideration.
• Prager also indirectly owns 21,100,000 shares through Riesling Power LLC and 5,000 shares through Heorot Power Holdings LLC.
• Prager disclaims beneficial ownership of the shares held by Beowulf E&D, Lucky Liefern LLC, Stammtisch, and Heorot except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing share transfers. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider and doesn't necessarily reflect a change in the company's operational performance or strategic direction.

Stakeholder Impact

• The transfer of shares to a trust may have implications for estate planning and wealth management for Paul Prager, but it is unlikely to have a direct impact on other stakeholders.

Key Dates

Keywords

Terawulf, WULF, Paul Prager, Beneficial Ownership, Form 4, Share Transfer, Somerset Goods and Services Trust, Beowulf Electricity & Data Inc., Lucky Liefern LLC, Stammtisch Investments LLC, Riesling Power LLC, Heorot Power Holdings LLC