WULF insider Paul Prager reports 3M-share contribution, 35.6M held
Rhea-AI Filing Summary
TeraWulf Inc. insider Paul B. Prager, the company’s Chief Executive Officer, director, and 10% owner, reported an internal reallocation of his holdings in TeraWulf common stock. On 11/20/2025, three million shares of common stock were contributed from his affiliate Riesling Power LLC to the Riesling Goods and Services Trust for no consideration, which is shown as a disposition of 3,000,000 shares in the filing. After this and related internal transfers, Prager reports beneficial ownership of TeraWulf shares held directly and through several entities, including 35,554,688 shares indirectly through Riesling Power LLC, 4,968,852 shares through Beowulf E&D Holdings Inc., 1,100,000 shares through Stammtisch Investments LLC, 938,700 shares held directly, and 5,000 shares through Heorot Power Holdings LLC. The filing notes these entity holdings may be attributed to him under beneficial ownership rules, while he disclaims ownership beyond his economic interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common stock, $0.001 par value per share | 3,000,000 | $0.00 | -- |
| holding | Common stock, $0.001 par value per share | -- | -- | -- |
| holding | Common stock, $0.001 par value per share | -- | -- | -- |
| holding | Common stock, $0.001 par value per share | -- | -- | -- |
| holding | Common stock, $0.001 par value per share | -- | -- | -- |
Footnotes (1)
- Three million shares of common stock, par value $0.001 per share ("Common Stock") were contributed to the Riesling Goods and Services Trust for no consideration. By Riesling Power LLC ("Riesling Power"). The Paul B. Prager Revocable Trust ("Prager Revocable Trust") is the sole member of Riesling Power. The Reporting Person is the sole trustee of the Prager Revocable Trust and may be deemed to have the power to direct the voting and disposition of the Common Stock beneficially owned by the Prager Revocable Trust. Accordingly, pursuant to the regulations promulgated under Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), Mr. Paul B. Prager may be deemed to be a beneficial owner of the shares of Common Stock held for the account of the Prager Revocable Trust . By Beowulf E&D Holdings Inc. ("E&D Holdings"). The Reporting Person is the sole manager of E&D Holdings and, as a result, may be deemed to beneficially own the shares of the Common Stock held by E&D Holdings. The Reporting Person disclaims beneficial ownership of such shares of the Common Stock except to the extent of his pecuniary interest therein, and the inclusion of such shares of the 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 Exchange Act, or for any other purpose By Stammtisch Investments LLC ("Stammtisch"). The Reporting Person is the sole manager of Stammtisch and, as a result, may be deemed to beneficially own the shares of Common Stock held by Stammtisch. 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 Common Stock for purposes of Section 16 of the Exchange Act, or for any other purpose. 1,100,000 shares of Common Stock were transferred from Riesling Power to Stammtisch in a transaction exempt from reporting under Rule 16a-13 on November 20, 2025. By Heorot Power Holdings LLC ("Heorot"). The Reporting Person is the sole manager of Heorot and, as a result, may be deemed to beneficially own the shares of the Common Stock held by Heorot. The Reporting Person disclaims beneficial ownership of such shares of the Common Stock except to the extent of his pecuniary interest therein, and the inclusion of such shares of the 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 Exchange Act, or for any other purpose
FAQ
What insider transaction did TeraWulf (WULF) report for Paul B. Prager?
The filing reports that on 11/20/2025, three million shares of TeraWulf common stock were contributed from Riesling Power LLC to the Riesling Goods and Services Trust for no consideration. This is reported as a disposition of 3,000,000 shares of common stock.
What is Paul B. Prager’s role and status at TeraWulf Inc. (WULF)?
Paul B. Prager is reported as a Director, Chief Executive Officer, and a 10% owner of TeraWulf Inc., making him a major insider subject to Section 16 reporting rules.