Form 4: TeraWulf Inc. Executive Nazar M. Khan Reports Changes in Beneficial Ownership

Nazar M. Khan, Chief Operating Officer and CTO of TeraWulf Inc., reports receiving shares from Stammtisch Investments LLC, resulting in adjustments to his beneficial ownership.

Summary

• On June 14, 2024, Nazar M. Khan, the Chief Operating Officer and CTO of TeraWulf Inc., reported changes in his beneficial ownership of the company's common stock.
• Khan received 3,804,683 shares of TeraWulf common stock from a distribution by Stammtisch Investments LLC.
• Following this transaction, Khan directly owns 13,401,084 shares.
• Khan also has indirect ownership through various trusts, Lake Harriet Holdings LLC, and Yaqeen I Trust, totaling 12,190,615 shares.
• Khan disclaims beneficial ownership of 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 neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of key personnel.

Stakeholder Impact

• Shareholders are informed about changes in ownership by a key executive, which can influence investor sentiment.

Key Dates