Multiple 10b5-1 Sales by Paul Prager (NASDAQ: WULF) after RSU listing

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 notice relating to restricted stock units and recent planned sales by a reporting person. The filing lists 79,200 restricted stock units dated 01/02/2025 and multiple 10b5-1 sales by Paul B. Prager: 03/24/2026, 03/25/2026, and 04/27/2026, each showing 137,500 shares sold with listed gross proceeds.

Insights

Securities Compliance Analyst

Form 144 records restricted units and scheduled 10b5-1 disposals by a reporting person.

The record lists 79,200 Restricted Stock Units dated 01/02/2025 and three separate 10b5-1 sale entries for Paul B. Prager showing 137,500 shares on each sale date.

Cash‑flow specifics are provided as gross proceeds per sale; the filing is a routine notice under resale rules and does not by itself alter company financials. Subsequent filings may show net results or remaining holdings.

Key Figures

Restricted Stock Units: 79,200 shares Sale on 03/24/2026: 137,500 shares Proceeds on 03/24/2026: $2,213,323.75 +4 more

7 metrics

Restricted Stock Units 79,200 shares award date <date>01/02/2025</date>

Sale on 03/24/2026 137,500 shares 10b5-1 sale by Paul B. Prager on <date>03/24/2026</date>

Proceeds on 03/24/2026 $2,213,323.75 gross proceeds shown for <date>03/24/2026</date>

Sale on 03/25/2026 137,500 shares 10b5-1 sale by Paul B. Prager on <date>03/25/2026</date>

Proceeds on 03/25/2026 $2,331,683.75 gross proceeds shown for <date>03/25/2026</date>

Sale on 04/27/2026 137,500 shares 10b5-1 sale by Paul B. Prager on <date>04/27/2026</date>

Proceeds on 04/27/2026 $2,859,491.25 gross proceeds shown for <date>04/27/2026</date>

Key Terms

Restricted Stock Units, 10b5-1, Form 144

3 terms

Restricted Stock Units financial

"Common | 01/02/2025 | Restricted Stock Units | Issuer"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

10b5-1 regulatory

"10b5-1 Sales for PAUL B PRAGER 9 Federal Street Easton MD 21601"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

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

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Accepted by SEC EDGAR 04/28/2026 - 04:31 PM Learn about SEC filing dates

FAQ

What does WULF's Form 144 disclose about insider sales?

The filing shows planned 10b5-1 sales by Paul B. Prager of 137,500 shares on three dates: 03/24/2026, 03/25/2026, and 04/27/2026. Each sale lists gross proceeds in the filing.

How many restricted stock units are listed in the Form 144 for WULF?

The Form 144 lists 79,200 Restricted Stock Units with an award date of 01/02/2025. The entry is shown under securities to be sold by the issuer.

What proceeds are shown for the reported 10b5-1 sales?

The filing shows gross proceeds of $2,213,323.75 on 03/24/2026, $2,331,683.75 on 03/25/2026, and $2,859,491.25 on 04/27/2026. These figures are listed per sale.

Who is the broker or intermediary listed on the Form 144?

The filing identifies Morgan Stanley Smith Barney LLC with an address at 1 New York Plaza, 8th Floor, New York, NY. It is shown in the securities information section of the notice.

Does the Form 144 indicate whether the company receives proceeds from these sales?

The filing lists these entries as resale transactions tied to a reporting person; it does not state that the issuer will receive proceeds. Cash‑flow treatment is not described in the excerpt provided.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

Relationship to Issuer

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	79200	1697256.00	424068125	04/28/2026	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	01/02/2025	Restricted Stock Units	Issuer			79200	01/02/2025	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
10b5-1 Sales for PAUL B PRAGER 9 Federal Street Easton MD 21601	Common	04/27/2026	137500	2859491.25
10b5-1 Sales for PAUL B PRAGER 9 Federal Street Easton MD 21601	Common	03/25/2026	137500	2331683.75
10b5-1 Sales for PAUL B PRAGER 9 Federal Street Easton MD 21601	Common	03/24/2026	137500	2213323.75

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)