Terawulf

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-01-02 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: TERAWULF INC. (WULF) CIK: 0001083301 --- Reporting Owner --- Name: Prager Paul B. CIK: 0001877255 Role: Director, Officer (Chief Executive Officer), 10%+ Owner --- Derivative Transactions --- [Transaction #1] Security: Restricted Stock Units Date: 2026-01-02 | Code: A (Grant or award) Shares: +7,849,294 | Price: $0.00 Shares Owned After: 7,849,294 | Ownership: D (Direct) Footnotes: [F1] Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share ("Common Stock"). [F2] One-third (1/3rd) of the restricted stock units shall vest upon each of the first three anniversaries of January 2, 2026, subject to the Reporting Person's continued employment or service with the Issuer through each such date. [F2] One-third (1/3rd) of the restricted stock units shall vest upon each of the first three anniversaries of January 2, 2026, subject to the Reporting Person's continued employment or service with the Issuer through each such date. [Transaction #2] Security: Performance-Based Restricted Stock Units Date: 2026-01-02 | Code: A (Grant or award) Shares: +3,924,647 | Price: $0.00 Shares Owned After: 3,924,647 | Ownership: D (Direct) Footnotes: [F3] Each performance stock unit represents a contingent right to receive one share of the Issuer's Common Stock. [F4] The performance stock units will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 2, 2026, subject to the Reporting Person's continued employment or service with the Issuer through each such date. [F4] The performance stock units will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 2, 2026, subject to the Reporting Person's continued employment or service with the Issuer through each such date. --- Footnotes (Complete Index) --- F1: Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share ("Common Stock"). F2: One-third (1/3rd) of the restricted stock units shall vest upon each of the first three anniversaries of January 2, 2026, subject to the Reporting Person's continued employment or service with the Issuer through each such date. F3: Each performance stock unit represents a contingent right to receive one share of the Issuer's Common Stock. F4: The performance stock units will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 2, 2026, subject to the Reporting Person's continued employment or service with the Issuer through each such date. --- Signature --- /s/ /s/ Paul B. Prager (2026-01-02)