TeraWulf Director Paul Prager Files to Sell $52.4M in Shares
WULF sits 66% above its 52-week low of $10.43.
Summary
TeraWulf director and officer Paul Prager filed a Form 144 to sell 3 million shares worth about $52.4 million, using a prepaid forward contract that lets him retain ownership if settled in cash.
Key Events · Ownership and Investor Activity · WULF
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Insider Files to Sell $52.4M in Shares
Paul Prager, an officer and director, filed a Form 144 to sell 3,000,000 shares with an approximate market value of $52,350,000.
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Prepaid Forward Contract Structure
The sale is structured as a prepaid forward contract with an unaffiliated bank, allowing Prager to elect cash settlement and retain ownership of the pledged shares.
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Shares Acquired as Prepaid Rent
The 3 million shares were acquired on August 12, 2025, as consideration for prepaid rent on a lease in Lansing.
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Recent Insider Selling
Prager sold 275,000 shares in the past three months for gross proceeds of $6,002,604, indicating ongoing distribution.
Analysis · WULF · Crypto Assets
A significant insider distribution is unfolding at TeraWulf, as officer and director Paul Prager has filed to sell 3 million shares worth approximately $52.4 million. The shares were acquired in August 2025 as prepaid rent for a lease in Lansing, and the sale is structured as a prepaid forward contract that allows Prager to settle in cash and retain ownership of the pledged shares. This move comes amid the company's recent pivot to AI data center leasing and the $19 billion Anthropic deal. The sale represents roughly 0.6% of the company's outstanding shares and adds to the $6 million Prager has already sold in the past three months.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WULF was trading at $17.34 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $8.6B. The 52-week trading range was $10.43 to $29.84. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.