TeraWulf (NASDAQ: WULF) CFO and related LLC sell 600,000 shares

Rhea-AI Filing Summary

TERAWULF INC. Chief Financial Officer Patrick Fleury reported open-market sales of the company’s common stock. He sold 573,586 shares at $16.14 per share, leaving him with 3,205,000 shares held directly after the transaction.

An additional 26,414 shares were sold at $16.14 per share by Teton Rough Riders Mining LLC, an entity associated with Fleury. The filing notes he may be deemed to beneficially own these shares through the LLC but expressly disclaims beneficial ownership except to the extent of his pecuniary interest.

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

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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^*

Fleury Patrick

(Last) (First) (Middle)

C/O TERAWULF INC.

9 FEDERAL STREET

(Street)

EASTON MARYLAND 21601

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

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

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

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

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	03/17/2026		S		573,586	D	$16.14	3,205,000	D
Common stock, $0.001 par value per share	03/17/2026		S		26,414	D	$16.14	0	I	By Teton Rough Riders Mining LLC(1)

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:

1. By Teton Rough Riders Mining LLC. The Reporting Person is a managing manager of Teton Rough Riders Mining LLC and, as a result, may be deemed to beneficially own the shares of the Issuer's common stock, $0.001 par value per share (the "Common Stock") held by Teton Rough Riders Mining LLC. The Reporting Person disclaims beneficial ownership of such shares of Common Stock 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 shares of the Common Stock for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Remarks:

	/s/ Patrick Fleury	03/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did TeraWulf (WULF) CFO Patrick Fleury report?

TeraWulf CFO Patrick Fleury reported selling company common stock. He executed an open-market sale of 573,586 shares at $16.14 per share, and a related LLC entity sold an additional 26,414 shares at the same price, totaling 600,000 shares sold.

How many TeraWulf (WULF) shares did the CFO hold after the reported sale?

After the reported transaction, Patrick Fleury held 3,205,000 TeraWulf common shares directly. This post-transaction holding reflects only his direct ownership; the filing shows no remaining indirect shares following the Teton Rough Riders Mining LLC sale.

What role did Teton Rough Riders Mining LLC play in the TeraWulf (WULF) Form 4?

Teton Rough Riders Mining LLC sold 26,414 TeraWulf common shares at $16.14 per share in an open-market transaction. The filing states Fleury is a managing manager of this LLC and may be deemed to beneficially own its shares, but he disclaims beneficial ownership except for his pecuniary interest.

What was the total number of TeraWulf (WULF) shares sold in this Form 4?

The Form 4 reports total sales of 600,000 TeraWulf common shares. This includes 573,586 shares sold directly by CFO Patrick Fleury and 26,414 shares sold by Teton Rough Riders Mining LLC, both at a price of $16.14 per share in open-market transactions.

Did the TeraWulf (WULF) CFO’s Form 4 involve derivative securities or option exercises?

The reported transactions involved only non-derivative common stock. The filing’s derivative summary is empty, and both entries are coded as open-market sales of common stock rather than exercises or conversions of derivative securities such as options or warrants.

Does the TeraWulf (WULF) CFO fully own the shares held by Teton Rough Riders Mining LLC?

The filing states Fleury may be deemed to beneficially own shares held by Teton Rough Riders Mining LLC due to his role as managing manager. However, he expressly disclaims beneficial ownership of those shares except to the extent of his pecuniary interest in the LLC.