TeraWulf (WULF) director awarded 1,266 shares in lieu of cash retainers

Rhea-AI Filing Summary

Carter Walter E. reported acquisition or exercise transactions in this Form 4 filing.

TERAWULF INC. director Walter E. Carter reported receiving a grant of 1,266 shares of common stock on June 30, 2026. The shares were issued as compensation in lieu of cash retainers accrued since the beginning of the second fiscal quarter of 2026, valued at $24.70 per share based on the June 30, 2026 closing price. Following this award, Carter directly holds 359,716 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Carter Walter E.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common stock, $0.001 par value per share	1,266	$0.00	--

Holdings After Transaction: Common stock, $0.001 par value per share — 359,716 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 1,266 shares Transaction price per share: $0.00 per share Valuation reference price: $24.70 per share +1 more

4 metrics

Shares granted 1,266 shares Common stock grant on June 30, 2026

Transaction price per share $0.00 per share Reported transaction price in Form 4 table

Valuation reference price $24.70 per share Closing price on June 30, 2026 used for retainers

Shares held after transaction 359,716 shares Direct holdings after grant to Walter E. Carter

Key Terms

in lieu of cash retainers, closing price, Grant, award, or other acquisition

3 terms

in lieu of cash retainers financial

"Shares of common stock issued in lieu of cash retainers accrued"

closing price financial

"at a price of $24.70 per share, the closing price as of June 30, 2026"

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 08:16 PM Accepted by SEC EDGAR 07/01/2026 - 08:16 PM Learn about SEC filing dates

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^*

Carter Walter E.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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	06/30/2026		A		1,266	A	(1)	359,716	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:

1. Shares of common stock issued in lieu of cash retainers accrued since the beginning of the second fiscal quarter of 2026, at a price of $24.70 per share, the closing price as of June 30, 2026

	/s/ Stefanie C. Fleischmann, as attorney-in-fact for Walter E. Carter	07/01/2026
	** 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)