Jason Zhang - Apr 12, 2022 Form 3 Insider Report for Applied Blockchain, Inc. (APLD)

Role: Director
Signature: /s/ David Rench as attorney-in-fact
Stock symbol: APLD
Transactions as of: Apr 12, 2022
Transactions value $: $0
Form type: 3
Date filed: 4/12/2022, 07:48 PM
Next filing: Nov 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	APLD	Common Stock						3.26M	Apr 12, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 100,000 shares of restricted stock granted as stock compensation for the Reporting Person's board service, 50,000 of which will vest on each of (i) April 1, 2022 or the date, if later, on which the SEC declares effective a registration statement covering the resale of the shares of restricted stock and (ii) April 1, 2023, so long as the Reporting Person is a director of the issuer on each such date.

Content

Includes 100,000 shares of restricted stock granted as stock compensation for the Reporting Person's board service, 50,000 of which will vest on each of (i) April 1, 2022 or the date, if later, on which the SEC declares effective a registration statement covering the resale of the shares of restricted stock and (ii) April 1, 2023, so long as the Reporting Person is a director of the issuer on each such date.

Remarks:

All share numbers reflect a 1-for-6 reverse stock split effected on April 12, 2022.