TERAWULF INC. — Major Shareholding Notification 2021

Feb 9, 2021

SC 13G/A 1 uland210150_sch13g.htm AMENDMENT NO. 14 TO SCHEDULE 13G

| UNITED

STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
Under
the Securities Exchange Act of 1934
(Amendment
No. 14)*
Ikonics
Corporation
(Name
of Issuer)
Common
Stock
(Title
of Class of Securities)
45172K102
(CUSIP
Number)
December
31, 2020
(Date
of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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CUSIP No. 45172K102 13G

| 1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). William C. Ulland | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) ☐ Not Applicable (b) ☐ | | | 3 | SEC USE ONLY | | | 4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | | | NUMBER OF | 5 | SOLE VOTING POWER 241,047 | | SHARES BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER 0 | | EACH REPORTING PERSON | 7 | SOLE DISPOSITIVE POWER 241,047 | | WITH: | 8 | SHARED DISPOSITIVE POWER 0 | | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 241,047 | | | 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * N/A | | | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 12.2% (See Item 4) | | | 12 | TYPE OF REPORTING PERSON * IN | |

*** SEE INSTRUCTION BEFORE FILLING OUT!**

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Item 1.

(a) Name of Issuer

Ikonics Corporation

(b) Address of Issuer's Principal Executive Offices

4832 Grand Avenue

Duluth, MN 55807

Item 2.

(a) Name of Person Filing

William C. Ulland

(b) Address of Principal Business Office or, if none, Residence

4832 Grand Avenue

Duluth, MN 55807

(c) Citizenship

United States

(d) Title of Class of Securities

Common Stock

(e) CUSIP Number

45172K102

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a) ☐ Broker or dealer registered under section 15 of the Act.

(b) ☐ Bank as defined in section 3(a)(6) of the Act.

(c) ☐ Insurance company as defined in section 3(a)(19) of the Act.

(d) ☐ Investment company registered under section 8 of the Investment Company Act of 1940.

(e) ☐ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E).

(f) ☐ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F).

(g) ☐ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).

(h) ☐ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.

(i) ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940.

(j) ☐ Group, in accordance with § 240.13d-1(b)(1)(ii)(J).

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Item 4. Ownership

(a) Amount Beneficially Owned

241,047

(b) Percent of Class

12.2% 1

(c) Number of shares as to which such person has:

(i) Sole power to vote or to direct the vote

241,047

(ii) Shared power to vote or to direct the vote

0

(iii) Sole power to dispose or to direct the disposition of

241,047

(iv) Shared power to dispose or to direct the disposition of

0

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.

Not Applicable

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Not Applicable

Item 8. Identification and Classification of Members of the Group

Not Applicable

Item 9. Notice of Dissolution of Group

Not Applicable

Item 10. Certification

Not Applicable

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1 The ownership percentages included in this Schedule 13G are based on 1,976,354 common shares of Ikonics Corporation, as of November 7, 2020, as reported in its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2020.

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

| February

9, 2021
Date /s/
William C. Ulland
Signature William
C. Ulland
Name/Title

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

NOTE : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties for whom copies are to be sent.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

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