TeraWulf holder plans 3M-share prepaid forward

Rhea-AI Filing Summary

TERAWULF INC. (WULF) received a Rule 144 notice that Paul B. Prager plans a potential disposition involving up to 3,000,000 shares of common stock. The notice indicates the shares are tied to consideration provided as prepaid rent for a lease in Lansing dated August 12, 2025.

The filing states that on the notice date Mr. Prager entered into a prepaid forward contract with an unaffiliated bank relating to up to these shares, with initial hedging activity to be conducted by BofA Securities, Inc. Mr. Prager may, subject to conditions, elect to settle the contract in cash and retain ownership of the pledged shares.

Key Figures

Shares covered by prepaid forward / planned disposition: 3,000,000 shares Aggregate market value of securities to be sold: $52,350,000.00 Shares outstanding: 498,968,677 shares +3 more

6 metrics

Shares covered by prepaid forward / planned disposition 3,000,000 shares Common stock referenced in the Rule 144 notice and prepaid forward contract

Aggregate market value of securities to be sold $52,350,000.00 Value associated with 3,000,000 TERAWULF common shares in the securities information section

Shares outstanding 498,968,677 shares TERAWULF common shares outstanding as referenced as of September 22, 2026

Sale on June 29, 2026 137,500 shares for $3,656,950.00 TERAWULF common stock sold by Paul Prager during the past three months

Sale on August 27, 2026 137,500 shares for $2,345,654.00 TERAWULF common stock sold by Paul Prager during the past three months

Date of Notice September 22, 2026 Date on which the Rule 144 notice was signed by Paul Prager

Key Terms

Rule 144, prepaid forward contract, variable prepaid forward contract, hedging activity

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

prepaid forward contract financial

"Paul Prager has entered into a prepaid forward contract with an unaffiliated bank"

variable prepaid forward contract financial

"Any initial hedging activity in connection with the variable prepaid forward contract"

hedging activity financial

"Any initial hedging activity in connection with the variable prepaid forward contract"

Hedging activity is when a company or investor takes steps to protect themselves from price swings in things like currencies, interest rates, commodities or stock values — similar to buying insurance against bad moves. It matters to investors because hedging can make a company’s future profits and cash flow more predictable (reducing risk) but can also limit upside gains, so disclosures about hedging show how much risk management affects potential returns and volatility.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing for TERAWULF INC. (WULF) disclose?

It discloses that Paul B. Prager has filed a Rule 144 notice covering a prepaid forward contract relating to up to 3,000,000 shares of TERAWULF common stock, with the ability, subject to conditions, to settle in cash and retain the pledged shares.

How many TERAWULF (WULF) shares are covered by Paul Prager’s planned transaction?

The notice covers up to 3,000,000 shares of TERAWULF common stock. These shares are referenced in connection with a prepaid forward contract and are also described as consideration provided as prepaid rent for a lease in Lansing dated August 12, 2025.

What were Paul Prager’s recent TERAWULF (WULF) share sales under Rule 144?

The notice lists sales of TERAWULF common stock by Paul Prager of 137,500 shares on June 29, 2026 for $3,656,950.00 and 137,500 shares on August 27, 2026 for $2,345,654.00 during the past three months.

What role does BofA Securities play in the TERAWULF (WULF) Form 144 filing?

BofA Securities, Inc. is identified as the broker, with its address listed, and the remarks state that any initial hedging activity in connection with the variable prepaid forward contract will be conducted by BofA Securities.

Can Paul Prager retain his TERAWULF (WULF) shares despite the prepaid forward contract?

Yes. The remarks state that, subject to certain conditions, Paul Prager can elect to settle the prepaid forward contract in cash and thereby retain ownership of the pledged shares of TERAWULF common stock.

How many TERAWULF (WULF) shares were outstanding as referenced in the notice?

The securities information section lists 498,968,677 shares of TERAWULF common stock as outstanding, with a reference date of September 22, 2026. This figure is provided as context and not as the amount covered by the planned transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/22/2026 - 06:51 PM Accepted by SEC EDGAR 09/22/2026 - 06:51 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001877255
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	TERAWULF INC.
SEC File Number	001-41163
Address of Issuer	9 FEDERAL STREET EASTON MARYLAND 21601
Phone	(410) 770-9500
Name of Person for Whose Account the Securities are To Be Sold	Prager Paul B.
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	BofA Securities, Inc. One Bryant Park 8th Floor New York NY 10036	3000000	52350000.00	498968677	09/22/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/12/2025	Consideration provided as prepaid rent for lease in Lansing, 8/12/25	Issuer			3000000	08/12/2025	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Paul Prager 50 Hudson Yards 64th Floor New York NY 10001	Common	08/27/2026	137500	2345654.00
Paul Prager 50 Hudson Yards 64th Floor New York NY 10001	Common	06/29/2026	137500	3656950.00

144: Remarks and Signature

Remarks	In accordance with the interpretive letter from the staff of the SEC to Goldman Sachs, dated 12/20/99, and the interpretive letter from the staff of the SEC to Bank of America, N.A. et al, dated 12/1/11, on the date hereof, Paul Prager has entered into a prepaid forward contract with an unaffiliated bank, which relates to up to the number of shares of Common Stock specified above. Subject to certain conditions, Mr. Prager can elect to settle the prepaid forward contract in cash and thereby retain ownership of the pledged shares of Common Stock. Any initial hedging activity in connection with the variable prepaid forward contract will be conducted by the broker named above.
Date of Notice	09/22/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Paul Prager
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)