TERAWULF INC. — Director's Dealing 2021

Dec 24, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TERAWULF INC. (WULF)
CIK: 0001083301
Period of Report: 2021-12-21

Reporting Person: Prager Paul B. (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-21	Common stock, $0.001 par value per share	P	23900	$12.67	Acquired	23900	Indirect
2021-12-21	Common stock, $0.001 par value per share	P	1100	$13.15	Acquired	25000	Indirect
2021-12-22	Common stock, $0.001 par value per share	P	14614	$12.47	Acquired	39614	Indirect
2021-12-22	Common stock, $0.001 par value per share	P	5386	$12.85	Acquired	45000	Indirect
2021-12-23	Common stock, $0.001 par value per share	P	13555	$12.87	Acquired	58555	Indirect
2021-12-23	Common stock, $0.001 par value per share	P	4745	$13.79	Acquired	63300	Indirect
2021-12-23	Common stock, $0.001 par value per share	P	2700	$14.54	Acquired	66000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock, $0.001 par value per share	30879973	Indirect

Footnotes

F1: The Reporting Person purchased 23,900 shares of common stock, par value $0.001 per share (the "Common Stock"), of TeraWulf Inc. (the "Issuer") in multiple trades at prices ranging from $12.11 to $13.05 per share. The price reported above reflects the weighted average purchase price per share of the Common Stock. The Reporting Person hereby undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares of the Common Stock purchased and prices at which the transactions were effected.

F2: By Lucky Liefern LLC. The Reporting Person is the sole manager of Lucky Liefern LLC and, as a result, may be deemed to beneficially own the shares of the Common Stock held by Lucky Liefern LLC. The Reporting Person disclaims beneficial ownership of such shares of the Common Stock except to the extent of his pecuniary interest therein, and the inclusion of such shares of the Common Stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of the Common Stock for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.

F3: The Reporting Person purchased 1,100 shares of the Common Stock in multiple trades at prices ranging from $13.125 to $13.20 per share. The price reported above reflects the weighted average purchase price per share of the Common Stock. The Reporting Person hereby undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares of the Common Stock purchased and prices at which the transactions were effected.

F4: The Reporting Person purchased 14,614 shares of the Common Stock in multiple trades at prices ranging from $11.83 to $12.82 per share. The price reported above reflects the weighted average purchase price per share of the Common Stock. The Reporting Person hereby undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares of the Common Stock purchased and prices at which the transactions were effected.

F5: The Reporting Person purchased 5,386 shares of the Common Stock in multiple trades at prices ranging from $12.83 to $12.94 per share. The price reported above reflects the weighted average purchase price per share of the Common Stock. The Reporting Person hereby undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares of the Common Stock purchased and prices at which the transactions were effected.

F6: The Reporting Person purchased 13,555 shares of the Common Stock in multiple trades at prices ranging from $12.35 to $13.34 per share. The price reported above reflects the weighted average purchase price per share of the Common Stock. The Reporting Person hereby undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares of the Common Stock purchased and prices at which the transactions were effected.

F7: The Reporting Person purchased 4,745 shares of the Common Stock in multiple trades at prices ranging from $13.36 to $14.20 per share. The price reported above reflects the weighted average purchase price per share of the Common Stock. The Reporting Person hereby undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares of the Common Stock purchased and prices at which the transactions were effected.

F8: The Reporting Person purchased 2,700 shares of the Common Stock in multiple trades at prices ranging from $14.48 to $14.58 per share. The price reported above reflects the weighted average purchase price per share of the Common Stock. The Reporting Person hereby undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares of the Common Stock purchased and prices at which the transactions were effected.

F9: By Stammtisch Investments LLC. The Reporting Person is the sole manager of Stammtisch Investments LLC and, as a result, may be deemed to beneficially own the shares of the Common Stock held by Stammtisch Investments LLC. The Reporting Person disclaims beneficial ownership of such shares of the Common Stock except to the extent of his pecuniary interest therein, and the inclusion of such shares of the Common Stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of the Common Stock for purposes of Section 16 of the Exchange Act or for any other purpose.