TeraWulf (WULF) CEO trims holdings with 275,000-share stock sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TeraWulf Inc.’s Chief Executive Officer and director Paul B. Prager reported open-market sales of a total of 275,000 shares of common stock. The trades occurred on March 24–25, 2026 at weighted average prices of $16.0969, $16.9389, and $17.6170 per share.
The footnotes state these were executed in multiple transactions within price ranges of $15.65–$16.64, $16.53–$17.52, and $17.55–$17.75. Following the sales, Prager directly holds 216,700 shares, and additional shares are held indirectly through entities such as Beowulf E&D Holdings Inc., Heorot Power Holdings LLC, Riesling Power LLC, and Stammtisch Investments LLC, with certain beneficial ownership interests disclaimed.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 275,000 shares ($4,544,999)
Net Sell
7 txns
Insider
Prager Paul B.
Role
Chief Executive Officer
Sold
275,000 shs ($4.54M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock, $0.001 par value per share | 133,700 | $16.9389 | $2.26M |
| Sale | Common stock, $0.001 par value per share | 3,800 | $17.617 | $67K |
| Sale | Common stock, $0.001 par value per share | 137,500 | $16.0969 | $2.21M |
| 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 | -- | -- | -- |
Holdings After Transaction:
Common stock, $0.001 par value per share — 220,500 shares (Direct);
Common stock, $0.001 par value per share — 4,415,852 shares (Indirect, By Beowulf E&D Holdings Inc.)
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 $15.6500 to $16.6400, 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 $16.5300 to $17.5200, 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 Stockwere sold in multiple transactions at a price ranging from $17.5500 to $17.7500, 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 Securities Exchange Act of 1934, as amended (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 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.
FAQ
What insider transaction did TeraWulf (WULF) report for CEO Paul B. Prager?
TeraWulf reported that CEO Paul B. Prager sold common stock in open-market transactions. He disposed of 275,000 shares over March 24–25, 2026, at weighted average prices between $16.0969 and $17.6170 per share, as disclosed in a Form 4 insider filing.
What are Paul B. Prager’s direct TeraWulf (WULF) holdings after these sales?
After the reported open-market sales, Paul B. Prager directly holds 216,700 shares of TeraWulf common stock. This direct holding figure comes from the post-transaction balance reported in the Form 4 for his non-derivative ownership position.
Were the TeraWulf (WULF) CEO’s stock sales open-market transactions?
The Form 4 describes each reported sale as an open-market transaction. Transaction code “S” and the description “Sale in open market or private transaction” are used, and the footnotes specify that sales occurred in multiple trades within stated price ranges on the open market.