PRAGER PAUL B. (Chief Executive Officer) exercised options at TERAWULF INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

PRAGER PAUL B.

Filed: 4/17/2026ACC: 0001083301-26-000065

InsiderPRAGER PAUL B.CIK 1877255

→

IssuerTERAWULF INC.CIK 1083301

DirectorOfficer10% Owner· Chief Executive Officer

Since Dec 2021

-535.42K

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

1.12M acquired · 1.66M disposed

Non-Derivative Transactions3

Common stock, $0.001 par value per share

Indirect

M · Option Exercise

+141.73K

Price / share

—

Trade value

—

% of position

New position

12/31/2025

0.00→141.73K

Common stock, $0.001 par value per share

Direct

M · Option Exercise

+981.16K

Price / share

—

Trade value

—

% of position

452.8%

4/14/2026

216.70K→1.20M

Common stock, $0.001 par value per share

Direct

D · Disposition

−535.42K

Price / share

—

Trade value

—

% of position

44.7%

4/14/2026

1.20M→662.44K

Total

Net shares

+587.47K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common stock, $0.001 par value per share Indirect	12/31/2025	M · Option Exercise	+141.73K	—	—	New position	0.00	141.73K
Common stock, $0.001 par value per share Direct	4/14/2026	M · Option Exercise	+981.16K	—	—	452.8%	216.70K	1.20M
Common stock, $0.001 par value per share Direct	4/14/2026	D · Disposition	−535.42K	—	—	44.7%	1.20M	662.44K
Total			+587.47K		$0.00

Derivative Transactions2

Warrants

Indirect

M · Option Exercise

Converts to

Common stock, $0.001 par value per share

141.73K shares

−141.73K

Strike price

Held after

0.00

Exercisable

—

12/31/2025

Performance-Based Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common stock, $0.001 par value per share

981.16K shares

−981.16K

Strike price

Held after

2.94M

Exercisable

—

4/14/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Warrants Indirect	Common stock, $0.001 par value per share141.73K shares	12/31/2025	M · Option Exercise	−141.73K		—	0.00
Performance-Based Restricted Stock Units Direct	Common stock, $0.001 par value per share981.16K shares	4/14/2026	M · Option Exercise	−981.16K		—	2.94M

Non-Derivative Holdings (Post-Transaction)4

Common stock, $0.001 par value per share

Indirect

Shares owned33.55M

Common stock, $0.001 par value per share

Indirect

Shares owned5K

Common stock, $0.001 par value per share

Indirect

Shares owned4.42M

Common stock, $0.001 par value per share

Indirect

Shares owned1.10M

Total

39.08M indirect39.08M

Security Title	Shares Owned	Ownership Type
Common stock, $0.001 par value per share	33.55M	Indirect
Common stock, $0.001 par value per share	5K	Indirect
Common stock, $0.001 par value per share	4.42M	Indirect
Common stock, $0.001 par value per share	1.10M	Indirect
Total	39.08M	39.08M indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported