Form 4: Terawulf Inc. COO Nazar M. Khan Reports Stock Disposal for Tax Obligations

Nazar M. Khan, COO and CTO of Terawulf Inc., reported the disposal of 191,512 shares of common stock to cover tax obligations resulting from the vesting of performance stock units.

Summary

• On May 22, 2024, Nazar M. Khan, the Chief Operating Officer and CTO of Terawulf Inc., disposed of 191,512 shares of common stock.
• The disposal was due to withholding to cover taxes related to the vesting of performance stock units on May 20, 2024.
• Following the transaction, Khan directly owns 9,596,401 shares.
• Khan also indirectly owns shares through various trusts, including 4,019,787 shares through various trusts, 901,809 shares through Yaqeen I Trust, and 8,657,908 shares through Lake Harriet Holdings LLC.
• Khan disclaims beneficial ownership of the shares held by the trusts and Lake Harriet Holdings LLC, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the stock transactions of company executives.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership, but it is primarily related to tax obligations.

Key Dates