CEO-linked entities trim TeraWulf (WULF) stake but retain large holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TeraWulf Inc.'s chief executive officer–related entity Beowulf E&D Holdings Inc. reported open-market sales totaling 333,300 shares of common stock on May 26–27, 2026. These indirect sales occurred at weighted average prices of $24.4297, $25.5770, and $26.5691 per share, across multiple trades between $24.27 and $26.9499.
Following these transactions, Beowulf E&D Holdings Inc. held 4,082,552 shares of TeraWulf common stock indirectly associated with CEO Paul B. Prager. Additional indirect holdings are reported through entities such as Riesling Power LLC, Stammtisch Investments LLC, Allin WULF LLC and Heorot Power Holdings LLC, plus 1,761,479 shares held directly by Mr. Prager.
The filing notes that Mr. Prager is the sole manager or trustee of several of these entities and therefore may be deemed to beneficially own their shares, while he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 333,300 shares ($8,389,969)
Net Sell
8 txns
Insider
Prager Paul B.
Role
Chief Executive Officer
Sold
333,300 shs ($8.39M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock, $0.001 par value per share | 109,849 | $25.577 | $2.81M |
| Sale | Common stock, $0.001 par value per share | 56,801 | $26.5691 | $1.51M |
| Sale | Common stock, $0.001 par value per share | 166,650 | $24.4297 | $4.07M |
| 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 — 4,139,353 shares (Indirect, By Beowulf E&D Holdings Inc.);
Common stock, $0.001 par value per share — 1,761,479 shares (Direct, null)
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 $24.2700 to $25.2699, 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 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 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 $24.9500 to $25.9499, 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 $25.9500 to $26.9499, 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 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. 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.
Key Figures
Total shares sold: 333,300 shares
Sale price tranche 1: $24.4297/share
Sale price tranche 2: $25.5770/share
+5 more
8 metrics
Total shares sold
333,300 shares
Open-market sales by Beowulf E&D Holdings Inc. on May 26–27, 2026
Sale price tranche 1
$24.4297/share
Weighted average price for 166,650 shares sold on May 26, 2026
Sale price tranche 2
$25.5770/share
Weighted average price for 109,849 shares sold on May 27, 2026
Sale price tranche 3
$26.5691/share
Weighted average price for 56,801 shares sold on May 27, 2026
Price range of sales
$24.27–$26.9499
Range of individual transaction prices noted in footnotes
Indirect Beowulf holding
4,082,552 shares
Beowulf E&D Holdings Inc. shares after latest sale
Direct CEO holding
1,761,479 shares
Shares held directly by Paul B. Prager as of May 26, 2026
Riesling Power LLC holding
33,554,688 shares
Indirect holding via Riesling Power LLC as of May 26, 2026
Key Terms
weighted average price, beneficially own, pecuniary interest, Section 16 of the Exchange Act, +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.
beneficially own financial
"may be deemed to beneficially own the shares of the Common Stock held"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"disclaims beneficial ownership of such shares of the Common Stock except to the extent of his pecuniary interest therein"
Section 16 of the Exchange Act regulatory
"for purposes of Section 16 of the Exchange Act, or for any other purpose"
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "By Beowulf E&D Holdings Inc.""
FAQ
What insider transaction did TeraWulf (WULF) report for Paul B. Prager?
TeraWulf reported that Beowulf E&D Holdings Inc., an entity associated with CEO Paul B. Prager, sold 333,300 shares of common stock in open-market transactions. These trades occurred on May 26–27, 2026, at weighted average prices between $24.27 and $26.9499 per share.