TeraWulf (WULF) CEO sells shares while retaining major indirect stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TeraWulf Inc. CEO Paul B. Prager reported open-market sales of 216,700 shares of common stock. The sales on April 27–28 were executed at weighted average prices including $20.5129, $21.1976, $20.6236 and $21.2900 per share. Following these transactions, he held 884,420 shares directly.
The filing also lists large indirect holdings by entities such as Riesling Power LLC, Beowulf E&D Holdings Inc., Stammtisch Investments LLC, Allin WULF LLC and Heorot Power Holdings LLC. Prager is described as manager or trustee for these entities and may be deemed to beneficially own their shares, while formally disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 216,700 shares ($4,492,945)
Net Sell
9 txns
Insider
Prager Paul B.
Role
Chief Executive Officer
Sold
216,700 shs ($4.49M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock, $0.001 par value per share | 79,100 | $20.6236 | $1.63M |
| Sale | Common stock, $0.001 par value per share | 100 | $21.29 | $2K |
| Sale | Common stock, $0.001 par value per share | 80,591 | $20.5129 | $1.65M |
| Sale | Common stock, $0.001 par value per share | 56,909 | $21.1976 | $1.21M |
| 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 | -- | -- | -- |
| holding | Common stock, $0.001 par value per share | -- | -- | -- |
Holdings After Transaction:
Common stock, $0.001 par value per share — 884,420 shares (Direct, null);
Common stock, $0.001 par value per share — 141,726 shares (Indirect, By Allin Wulf LLC)
Footnotes (1)
- The Price reported in Column 4 is a weighted average price. The shares of common stock, par value $0.001 per share ("Common Stock") were sold in multiple transactions at a price ranging from $20.0200 to $21.0199, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of TeraWulf Inc. or to TeraWulf Inc., upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth above. The Price reported in Column 4 is a weighted average price. The shares of Common Stock were sold in multiple transactions at a price ranging from $21.0200 to $22.0199, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of TeraWulf Inc. or to TeraWulf Inc., upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth above. The Price reported in Column 4 is a weighted average price. The shares of Common Stock were sold in multiple transactions at a price ranging from $20.2500 to $21.2499, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of TeraWulf Inc. or to TeraWulf Inc., upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth above. The Price reported in Column 4 is a weighted average price. The shares of Common Stock were sold in multiple transactions at a price ranging from $21.2900 to $22.2899, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of TeraWulf Inc. or to TeraWulf Inc., upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth above. By Allin WULF LLC ("Allin"). The Reporting Person is the sole manager of Allin and, as a result, may be deemed to beneficially own the shares of the Common Stock held by Allin. 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 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 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 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 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.
Key Figures
Shares sold: 216,700 shares
Sale price example: $21.2900 per share
Sale price example: $20.5129 per share
+3 more
6 metrics
Shares sold
216,700 shares
Open-market sales of common stock reported in Form 4
Sale price example
$21.2900 per share
Weighted average price for an April 28 sale
Sale price example
$20.5129 per share
Weighted average price for an April 27 sale
Direct holdings after sales
884,420 shares
Common stock directly owned by Paul B. Prager post-transaction
Indirect holdings by Riesling Power LLC
33,554,688 shares
Common stock held indirectly via Riesling Power LLC
Indirect holdings by Beowulf E&D Holdings Inc.
4,415,852 shares
Common stock held indirectly via Beowulf E&D Holdings Inc.
Key Terms
weighted average price, beneficial ownership, pecuniary interest, Section 16, +1 more
5 terms
weighted average price financial
"The Price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership financial
"may be deemed to beneficially own the shares of the Common Stock held"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of such shares of the Common Stock except to the extent of his pecuniary interest therein"
Section 16 regulatory
"for purposes of Section 16 of the Exchange Act, or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
indirect ownership financial
"By Stammtisch Investments LLC ("Stammtisch"). The Reporting Person is the sole manager of Stammtisch"
FAQ
What did TeraWulf (WULF) CEO Paul B. Prager report in this Form 4?
He reported open-market sales of 216,700 TeraWulf common shares across multiple trades on April 27–28. The filing details weighted average sale prices and his updated direct and indirect share holdings.
What indirect TeraWulf (WULF) holdings are associated with entities linked to Paul B. Prager?
The filing lists indirect holdings such as 33,554,688 shares by Riesling Power LLC and 4,415,852 shares by Beowulf E&D Holdings Inc.. Additional stakes appear via Stammtisch Investments LLC, Allin WULF LLC and Heorot Power Holdings LLC.