Summary by Futu AI
Nazar M. Khan, the Chief Operating Officer and CTO of TeraWulf Inc. (WULF), engaged in a significant stock transaction on June 27, 2024. Khan exercised options to acquire 400,000 shares of TeraWulf's common stock at a par value of $0.001 per share, which is typically a transaction related to employee stock options or other equity incentives. Following this transaction, Khan directly held a total of 13,979,884 shares. Additionally, on July 1, 2024, Khan disposed of 221,200 shares. After this sale, the direct holdings amounted to 13,758,684 shares. The report also disclosed Khan's indirect holdings through various entities, including Lake Harriet Holdings LLC, Various Trusts, and Yaqeen I Trust, totaling 12,190,615 shares before any transactions.