Form 4: Terawulf COO Nazar M. Khan Donates 1,000,000 Shares to Charity

Terawulf's Chief Operating Officer and CTO, Nazar M. Khan, gifted 1,000,000 shares of common stock to a charitable organization on September 18, 2024.

Summary

• On September 18, 2024, Nazar M. Khan, the Chief Operating Officer and CTO of Terawulf Inc., donated 1,000,000 shares of common stock to a charitable organization.
• Following the transaction, Mr. Khan directly owns 12,937,484 shares.
• He also has indirect ownership through Lake Harriet Holdings LLC (7,269,019 shares), various trusts (4,019,787 shares), and Yaqeen I Trust (901,809 shares).
• Mr. Khan disclaims beneficial ownership of shares held by Lake Harriet Holdings LLC, various trusts, and Yaqeen I Trust except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The document itself is neutral, reporting a transaction. The charitable donation could be seen as slightly positive, but it's primarily an informational filing.

Positives

• The donation of shares to a charitable organization could be viewed positively from a corporate social responsibility perspective.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider and doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The donation may have a minor positive impact on the company's reputation.

Key Dates