TeraWulf CEO Paul Prager Sells Shares Worth $2.3 Million
Paul B. Prager, the Chief Executive Officer of TeraWulf Inc., sold approximately 137,500 shares for a total value of $2.3 million on August 27, according to an SEC Form 4 filing. The transaction occurred under his prearranged Rule 10b5-1 trading plan, which is designed to prevent insider trading concerns by allowing sales based on predetermined conditions. Despite the sale, Prager still holds a significant stake in TeraWulf through both direct and indirect ownership via entities like trusts, totaling around $665.7 million as of August 27. The company operates primarily in Bitcoin mining and high-performance computing, with recent efforts to pivot toward artificial intelligence infrastructure. The stock has performed well over the past year, gaining about 62.4%, significantly outperforming broader market indices like the S&P 500 and Nasdaq Composite.
Tickers: $WULF
Topics: executive_transaction stock_sale