4/A: Terawulf Inc. Executive Nazar M. Khan Amends Ownership Disclosure

Nazar M. Khan, Chief Operating Officer and CTO of Terawulf Inc., amended a previous SEC filing to accurately reflect his holdings of common stock and warrants.

Summary

• Nazar M. Khan, COO and CTO of Terawulf Inc., filed an amended Form 4 with the SEC to report changes in his beneficial ownership of the company's securities.
• The amendment corrects the number of shares of common stock directly owned by Lake Harriet Holdings LLC, a company managed by Khan.
• The original filing inadvertently included shares underlying warrants.
• On July 12, 2023, Yaqeen I Trust transferred 1,778,048 shares of common stock to Khan.
• Khan also acquired 513,484 shares of common stock and warrants from NovaWulf Digital Private Fund LLC on October 20, 2023.
• He then contributed 513,484 shares to Somerset Goods and Services Trust.
• Khan contributed 1,622,926 penny warrants and 441,163 dollar warrants to Lake Harriet Holdings LLC.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The amendment suggests attention to detail and accuracy in reporting.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This amended filing ensures accurate representation of ownership.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of Terawulf Inc.

Key Dates