TeraWulf: Nazar M. Khan acquires 666,667 shares
TeraWulf Inc. Chief Technology Officer Nazar M. Khan reported the vesting of 666,667 restricted stock units and acquisition of 666,667 common shares on September 29, 2026, subject to continued employment or service through that date.
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Form Type
4
Rhea-AI Filing Summary
TeraWulf Inc. Chief Technology Officer Nazar M. Khan reported the vesting of 666,667 restricted stock units and acquisition of 666,667 common shares on September 29, 2026, subject to continued employment or service through that date. Afterward, he directly held 667,167 common shares and 1,333,333 restricted stock units. The remaining RSUs are scheduled to vest ratably upon the second and third anniversaries of August 1, 2025, subject to continued service through each date.
Insider Trade Summary
666,667 shares exercised/converted
Exercise
6 txns
Insider
Khan Nazar M.
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F7, F8 | 666,667 | -- | -- |
| Exercise | Common stock, $0.001 par value per share F1 | 666,667 | -- | -- |
| holding | Common stock, $0.001 par value per share F2 | -- | -- | -- |
| holding | Common stock, $0.001 par value per share F3 | -- | -- | -- |
| holding | Common stock, $0.001 par value per share F4, F5 | -- | -- | -- |
| holding | Common stock, $0.001 par value per share F6 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,333,333 contracts (Direct);
Common stock, $0.001 par value per share — 667,167 shares (Direct);
Common stock, $0.001 par value per share — 4,019,787 shares (Indirect, By Various Trusts);
Common stock, $0.001 par value per share — 414,939 shares (Indirect, By Yaqeen I Trust);
Common stock, $0.001 par value per share — 15,125,948 shares (Indirect, By The Nazar M. Khan Revocable Trust);
Common stock, $0.001 par value per share — 7,935,686 shares (Indirect, By Lake Harriet Holdings LLC)
Footnotes (8)
- F1. The Reporting Person received restricted stock units which vested in accordance with their terms, as amended in the manner described below in Footnote 8 of this Form 4, on September 29, 2026, subject to the Reporting Person's continued employment or service with TeraWulf Inc. (the "Issuer") through such date.
- F2. By various trusts. The Reporting Person may be deemed to beneficially own the shares of the Issuer's common stock, $0.001 par value per share ("Common Stock") held by such trusts. The Reporting Person disclaims beneficial ownership of the shares of Common Stock except to the extent of his pecuniary interest therein, and the inclusion of the 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 Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.
- F3. By Yaqeen I Trust. The Reporting Person may be deemed to beneficially own the shares of Common Stock held by Yaqeen I Trust. The Reporting Person disclaims beneficial ownership of the shares of Common Stock except to the extent of his pecuniary interest therein, and the inclusion of the 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.
- F4. Reflects prior transfers of (i) 1,469,092 shares of the Issuer's Common Stock from the Reporting Person's direct holdings to the Khan Revocable Trust (as defined below) on August 11, 2026 and (ii) 666,667 shares of the Issuer's Common Stock from the Khan Revocable Trust to Lake Harriet Holdings (as defined below) on September 16, 2026, in each case that were exempt pursuant to Rule 16a-13 under the Exchange Act.
- F5. By The Nazar M. Khan Revocable Trust ("Khan Revocable Trust"). The Reporting Person is the sole trustee of the Khan Revocable Trust and may be deemed to have the power to direct the voting and disposition of the Common Stock beneficially owned by the Khan Revocable Trust. Accordingly, pursuant to the regulations promulgated under Section 13(d) of the Exchange Act, the Reporting Person may be deemed to be a beneficial owner of the shares of Common Stock held for the account of the Khan Revocable Trust.
- F6. By Lake Harriet Holdings, LLC ("Lake Harriet Holdings"). The Khan Revocable Trust is the sole member of Lake Harriet Holdings. The Reporting Person is the sole trustee of the Khan Revocable Trust and may be deemed to have the power to direct the voting and disposition of the Common Stock beneficially owned by the Khan Revocable Trust. Accordingly, pursuant to the regulations promulgated under Section 13(d) of the Exchange Act, the Reporting Person may be deemed to be a beneficial owner of the shares of Common Stock held for the account of Lake Harriet Holdings.
- F7. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
- F8. The restricted stock units were scheduled to vest upon the first anniversary of August 1, 2025, subject to the Reporting Person's continued employment or service with the Issuer through such date. On July 31, 2026, the Reporting Person and the Issuer mutually agreed to defer vesting of the initial tranche of restricted stock units until September 29, 2026, subject to the Reporting Person's continued employment or service with the Issuer through such date. The remaining restricted stock units will vest ratably upon the second and third anniversaries of August 1, 2025, respectively, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
Key Figures
Restricted stock units vested: 666,667 RSUs
Common shares acquired: 666,667 shares
Direct common shares after transaction: 667,167 shares
+1 more
4 metrics
Restricted stock units vested
666,667 RSUs
September 29, 2026
Common shares acquired
666,667 shares
September 29, 2026
Direct common shares after transaction
667,167 shares
As of September 29, 2026
Restricted stock units after transaction
1,333,333 RSUs
As of September 29, 2026
Key Terms
restricted stock units, contingent right, pecuniary interest, Rule 16a-13
4 terms
restricted stock units financial
"received restricted stock units which vested in accordance with their terms"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"represents a contingent right to receive one share"
pecuniary interest regulatory
"except to the extent of his pecuniary interest therein"
Rule 16a-13 regulatory
"were exempt pursuant to Rule 16a-13 under the Exchange Act"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did WULF's Nazar M. Khan hold directly after the RSU vesting?
After the September 29, 2026 transaction, Khan directly held 667,167 common shares and 1,333,333 restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
