TeraWulf director receives 1,733-share stock retainer

Prager Lisa A. reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 04/09/2026 - 05:56 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Prager Lisa A. reported acquisition or exercise transactions in this Form 4 filing.

TERAWULF INC. director Lisa A. Prager received 1,733 shares of common stock as a compensation grant. The shares were issued in lieu of cash retainers accrued since the beginning of the first fiscal quarter of 2026 at a reference price of $14.43 per share, the closing price on March 31, 2026. Following this award, she directly holds 254,474 common shares.

Insider Trade Summary

Grant/Award: 1,733 shares

Grant/Award 1 txn

Insider Prager Lisa A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common stock, $0.001 par value per share	1,733	$0.00	$0.00

Holdings After Transaction: Common stock, $0.001 par value per share — 254,474 shares (Direct)

Holdings Before and After: Common stock, $0.001 par value per share, 252,741 to 254,474 shares (Direct)

Footnotes (1)

1. F1. Shares of common stock issued in lieu of cash retainers accrued since the beginning of the first fiscal quarter of 2026, at a price of $14.43 per share, the closing price as of March 31, 2026.

Key Figures

Shares granted: 1,733 shares Grant reference price: $14.43 per share Post-transaction holdings: 254,474 shares

3 metrics

Shares granted 1,733 shares Common stock issued in lieu of cash retainers for Q1 2026

Grant reference price $14.43 per share Closing price of common stock as of March 31, 2026

Post-transaction holdings 254,474 shares Total common shares directly held by Lisa A. Prager after grant

Key Terms

cash retainers, closing price, non-derivative, Grant, award, or other acquisition

4 terms

cash retainers financial

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

closing price financial

"at a price of $14.43 per share, the closing price as of March 31, 2026"

non-derivative financial

"transaction_type: non-derivative"

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did TeraWulf (WULF) director Lisa A. Prager report?

Lisa A. Prager reported receiving 1,733 TeraWulf common shares as a grant. The shares were issued instead of cash retainers accrued from the start of the first fiscal quarter of 2026, reflecting routine director compensation rather than an open-market purchase or sale.

At what price were Lisa Prager’s TeraWulf (WULF) shares valued in the grant?

The 1,733 TeraWulf shares granted to Lisa Prager were valued at $14.43 per share. This price matches the closing price of the company’s common stock on March 31, 2026, and served as the basis for issuing shares in lieu of cash retainers.

How many TeraWulf (WULF) shares does Lisa A. Prager hold after this Form 4 transaction?

After the reported transaction, Lisa A. Prager directly holds 254,474 TeraWulf common shares. This total includes the 1,733 shares issued as compensation in lieu of cash retainers accrued during the first fiscal quarter of 2026, as disclosed in the Form 4 filing.

Was Lisa Prager’s TeraWulf (WULF) stock grant an open-market purchase?

No, the 1,733 TeraWulf shares were not bought on the open market. They were issued as a grant categorized as a “grant, award, or other acquisition,” specifically in lieu of cash retainers accrued since the start of the first fiscal quarter of 2026.

What does “shares issued in lieu of cash retainers” mean for TeraWulf (WULF) directors?

“Shares issued in lieu of cash retainers” means the director received stock instead of cash fees. For Lisa Prager, 1,733 TeraWulf shares were granted at $14.43 per share, representing the value of retainers accrued since the beginning of the first fiscal quarter of 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Prager Lisa A.

(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)
03/31/2026

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	03/31/2026		A		1,733	A	(1)	254,474	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 first fiscal quarter of 2026, at a price of $14.43 per share, the closing price as of March 31, 2026.

Remarks:

	/s/ Stefanie C. Fleischmann, as attorney-in-fact for Lisa A. Prager	04/09/2026
	** 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)