SEC Form 4 · accession 0001083301-26-000153
TERAWULF INC. · WULF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Fleury
Officer — Chief Financial Officer
Period of report
Aug 1, 2026
Accepted (ET)
Aug 3, 2026 · 9:03 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001083301
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock, $0.001 par value per shareF1 | Aug 1, 2026 | M | 500,000 | — | A | 500,000 | D | |
| Common stock, $0.001 par value per shareF2 | holding | — | — | — | 4,005,519 | I | By The Fleury-Reycroft Revocable Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F3 | — | Aug 1, 2026 | M | 500,000 | D | — | — | Common stock, $0.001 par value per share | 500,000 | 1,000,000 | D |
Explanation of responses
- F1The Reporting Person received restricted stock units which vested in accordance with their terms upon the first anniversary of August 1, 2025, as reflected in this Form 4, subject to the Reporting Person's continued employment or service with the Issuer through such date.
- F2By the Fleury-Reycroft Revocable Trust (the "Revocable Trust"). The Reporting Person contributed (i) 1 million of the Issuer's shares of common stock, par value $0.001 per share ("Common Stock") to the Revocable Trust on July 31, 2026, and (ii) 3,005,519 shares of Common Stock to the Revocable Trust on August 3, 2026, in each case for no consideration. The Reporting Person is serving as co-trustee of the Revocable Trust and may be deemed to have the power to direct the voting and disposition of the beneficially owned by the Revocable Trust. Accordingly, pursuant to the regulations promulgated under Section 13(d) of the Securities Exchange Act of 1934, as amended (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 Revocable Trust.
- F3Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock.
- F4The restricted stock units vested upon the first anniversary of August 1, 2025, 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.