TERAWULF INC. — Director's Dealing 2023

Oct 25, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TERAWULF INC. (WULF)
CIK: 0001083301
Period of Report: 2023-07-12

Reporting Person: Khan Nazar M. (Director, Chief Operating Officer + CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-12	Common stock, $0.001 par value per share	J	1778048	—	Disposed	901809	Indirect
2023-07-12	Common stock, $0.001 par value per share	J	1778048	—	Acquired	9387913	Direct
2023-10-20	Common stock, $0.001 par value per share	J	513484	—	Acquired	9901397	Direct
2023-10-20	Common stock, $0.001 par value per share	S	513484	—	Disposed	9387913	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-10-20	Warrants	$0.01	J	1622926	Acquired	2025-12-31	Common stock, $0.001 par value per share (1622926)	Direct
2023-10-20	Warrants	$0.01	J	1622926	Disposed	2025-12-31	Common stock, $0.001 par value per share (1622926)	Direct
2023-10-20	Warrants	$0.01	J	1622926	Acquired	2025-12-31	Common stock, $0.001 par value per share (1622926)	Indirect
2023-10-20	Warrants	$1	J	441163	Acquired	2026-12-31	Common stock, $0.001 par value per share (441163)	Direct
2023-10-20	Warrants	$1	J	441163	Disposed	2026-12-31	Common stock, $0.001 par value per share (441163)	Direct
2023-10-20	Warrants	$1	J	441163	Acquired	2026-12-31	Common stock, $0.001 par value per share (441163)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock, $0.001 par value per share	4019787	Indirect
Common stock, $0.001 par value per share	7034982	Indirect

Footnotes

F1: On July 12, 2023, Yaqeen I Trust transferred 1,778,048 shares of common stock, par value $0.001 per share ("Common Stock") of the Issuer to the Reporting Person for no consideration.

F2: By Yaqeen I Trust. The Reporting Person may be deemed to beneficially own the shares of Common Stock held by Yaqeen I Trust. The Reporting Person disclaims beneficial ownership of the Shares of Common Stock except to the extent of his pecuniary interest therein, and the inclusion of the shares of Common Stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of Common Stock for purposes of Section 16 of the Securities Exchange of 1934, as amended, or for any other purpose.

F3: By various trusts. The Reporting Person may be deemed to beneficially own the shares of Common Stock held by such trusts. The Reporting Person disclaims beneficial ownership of the shares of Common Stock except to the extent of his pecuniary interest therein, and the inclusion of the shares of Common Stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of Common Stock for purposes of Section 16 of the Securities Exchange of 1934, as amended, or for any other purpose.

F4: By Lake Harriet Holdings, LLC ("Lake Harriet Holdings"). The Reporting Person is the sole manager of Lake Harriet Holdings and, as a result, may be deemed to beneficially own the shares of Common Stock held by Lake Harriet Holdings. The Reporting Person disclaims beneficial ownership of the shares of Common Stock except to the extent of his pecuniary interest therein, and the inclusion of the shares of Common Stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of Common Stock for purposes of Section 16 of the Securities Exchange of 1934, as amended, or for any other purpose.

F5: NovaWulf Digital Private Fund LLC distributed warrants and shares of Common Stock to its members, including the Reporting Person.

F6: Immediately following receipt of the distribution from NovaWulf Private Fund, the Reporting Person contributed 513,484 shares of Common Stock to Somerset Goods and Services Trust for no consideration.

F7: This transaction involved the Reporting Person's contribution of 1,622,926 penny warrants to Lake Harriet Holdings. The Reporting Person is the sole manager of Lake Harriet Holdings, and, as a result, may be deemed to beneficially own the penny warrants held by Lake Harriet Holdings. The Reporting Person disclaims beneficial ownership of such penny warrants except to the extent of his pecuniary
interest therein, and the inclusion of such shares of common stock in this report shall not be deemed an admission of beneficial ownership of all of the reported penny warrants for purposes of Section 16 of the Exchange Act, or for any other purpose.

F8: This transaction involved the Reporting Person's contribution of 441,163 dollar warrants to Lake Harriet Holdings. The Reporting Person is the sole manager of Lake Harriet Holdings, and, as a result, may be deemed to beneficially own the penny warrants held by Lake Harriet Holdings. The Reporting Person disclaims beneficial ownership of such penny warrants except to the extent of his pecuniary
interest therein, and the inclusion of such shares of common stock in this report shall not be deemed an admission of beneficial ownership of all of the reported penny warrants for purposes of Section 16 of the Exchange Act, or for any other purpose.