Bayshore Capital LLC's Form 4 filing
Terawulf Inc.WULF · filed Mar 17, 2022
- Accession no.
- 0001104659-22-034909
- Filed
- Mar 17, 2022, 1:42 PM ET
- Trade date
- Mar 15, 2022
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 1 non-derivative transaction and 1 derivative transaction. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Bayshore Capital LLCCIK 0001885426 | 10% Owner |
| Pascual Bryan J.CIK 0001897085 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 15, 2022 | Common stock, $0.001 par value per share | JOtherDisposed | −3,542,021 | $0.00F1 | $0 | 14,180,411 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 15, 2022 | Common Stock | PPurchaseAcquired | +250,000 | $1,000.00 | +$2,500,000 | 2,500 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Represents a pro rata distribution for no additional consideration (the "Distribution") of 3,542,021 shares of common stock, $0.001 par value per share, of TeraWulf Inc. ("Common Stock") previously held by Bayshore Capital LLC ("Bayshore") to certain of its members, none of which are beneficially owned by Mr. Bryan Pascual. The Trust (defined below), of which Mr. Bryan Pascual is the sole trustee and sole lifetime beneficiary, is the controlling member of Bayshore and therefore Mr. Bryan Pascual continues to beneficially own the 14,180,411 shares of Common Stock held by Bayshore following the Distribution.
Referenced by the price of 1 transaction in Table I.