TeraWulf Board Member's Stock Sale Signals Confidence With 191K Shares Retained

Rhea-AI Filing Summary

TeraWulf director Catherine J. Motz reported a significant insider transaction on June 18, 2025. The Form 4 filing discloses that Motz sold 21,182 shares of common stock at a price of $3.92 per share, resulting in a transaction value of approximately $83,033.

Following this disposition, Motz continues to hold 191,199 shares directly. The transaction was executed under the code 'S' (sale) and represents a reduction in the director's holdings. No derivative securities were involved in this transaction.

This insider sale could be significant for investors as it provides insight into director sentiment and ownership levels. The filing was signed by Stefanie C. Fleischmann as attorney-in-fact for Catherine J. Motz.

Positive

• None.

Negative

• Director Catherine J. Motz sold 21,182 shares at $3.92 per share (approximately $83,000 total value), retaining 191,199 shares

Insider Trade Summary

Net Seller: 21,182 shares ($83,033)

Net Sell 1 txn

Insider Motz Catherine J.

Role Director

Sold 21,182 shs ($83K)

Type	Security	Shares	Price	Value
Sale	Common stock, $0.001 par value per share	21,182	$3.92	$83K

Holdings After Transaction: Common stock, $0.001 par value per share — 191,199 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Motz Catherine J.

(Last) (First) (Middle)

C/O TERAWULF INC.

9 FEDERAL STREET

(Street)

EASTON MD 21601

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TERAWULF INC. [ WULF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock, $0.001 par value per share	06/18/2025		S		21,182	D	$3.92	191,199	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Stefanie C. Fleischmann, as attorney-in-fact for Catherine J. Motz	06/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many WULF shares did Director Catherine Motz sell on June 18, 2025?

According to the Form 4 filing, Director Catherine J. Motz sold 21,182 shares of WULF common stock on June 18, 2025.

What was the sale price of WULF shares in Director Motz's transaction?

Director Motz sold the WULF shares at a price of $3.92 per share.

How many WULF shares does Catherine Motz own after the reported transaction?

Following the reported transaction, Catherine Motz directly owns 191,199 shares of WULF common stock.

What is Catherine Motz's role at WULF according to the Form 4?

According to the Form 4 filing, Catherine J. Motz serves as a Director of TeraWulf Inc. (WULF).

Was this WULF insider transaction made under a 10b5-1 trading plan?

The Form 4 filing does not indicate that this transaction was made pursuant to a Rule 10b5-1 trading plan, as the corresponding checkbox was not marked on the form.