TeraWulf Reports Disagree on Prager’s Remaining Shares
Yahoo Finance and CryptoBriefing both report TeraWulf CEO Paul Prager’s August 27 stock sale the same way, but give sharply different figures for how many shares he still holds afterward.
Yahoo Finance and CryptoBriefing both report TeraWulf CEO Paul Prager’s August 27 stock sale the same way, but give sharply different figures for how many shares he still holds afterward.
What all sources agree on
- Paul Prager sold 137,500 shares of TeraWulf (NASDAQ:WULF) on August 27.
- The sale was executed at a weighted average price of about $17.06 per share.
- The sale was made under a Rule 10b5-1 trading plan.
- The transaction was reported via SEC Form 4 filing.
Where the reports disagree
1Prager’s remaining share holdings after the August 27 sale
Prager’s 40.4 million shares, held directly and indirectly via entities, such as a trust, have a value of about $665 million.
Even after both sales, Prager’s indirect holdings through Beowulf E&D still sit at roughly 3.8 million shares, and he holds an additional 1.76 million shares directly.
What would settle it: The SEC Form 4 filing covering Prager’s August 27 transaction, which discloses total shares beneficially owned following the reported sale.
What to make of it
Treat the sale itself (137,500 shares, ~$17.06 each, under a 10b5-1 plan) as established, but do not rely on either outlet’s figure for Prager’s total remaining stake until the underlying SEC Form 4 is checked directly.
Treat the sale itself (137,500 shares, ~$17.06 each, under a 10b5-1 plan) as established, but do not rely on either outlet’s figure for Prager’s total remaining stake until the underlying SEC Form 4 is checked directly.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
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