Wes Cummins - 30 Aug 2022 Form 4 Insider Report for Applied Blockchain, Inc. (APLD)

Role
CEO; Chairman, Director, 10%+ Owner
Signature
/s/ David Rench as Attorney-in-Fact
Issuer symbol
APLD
Transactions as of
30 Aug 2022
Net transactions value
+$215,000
Form type
4
Filing time
31 Aug 2022, 19:47:56 UTC
Previous filing
23 Aug 2022
Next filing
29 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Purchase $104,000 +50,000 +6.5% $2.08 820,686 30 Aug 2022 See Footnote F3, F4
transaction APLD Common Stock Purchase $111,000 +50,000 +6.1% $2.22 870,686 31 Aug 2022 See Footnote F4, F5
holding APLD Common Stock 3,621,830 30 Aug 2022 Direct F1
holding APLD Common Stock 17,590,238 30 Aug 2022 See Footnote. F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding APLD Restricted Stock Unit 500,000 30 Aug 2022 Common Stock 500,000 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (i) 500,000 shares of restricted stock, of which 250,000 will vest on April 1, 2022 or, if later, the date that a registration statement including the resale of such shares is declared effective by the SEC (the "Later Date"), and 62,500 will vest on each of July 1, 2022, October 1, 2022, January 1 2023 and April 1, 2023, or in each case, if later, the Later Date, and (iii) 742,166 shares held in the Reporting Person's IRA.
F2 Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.
F3 Constitutes the weighted average purchase price for multiple transactions reported on this line having prices per share ranging from $2.02 to $2.11. The Reporting Person will provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding each separate transaction.
F4 Shares are held by B. Riley Asset Management, LLC, of which the Reporting Person is the President.
F5 Constitutes the weighted average purchase price for multiple transactions reported on this line having prices per share ranging from $2.06 to $2.38. The Reporting Person will provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding each separate transaction.
F6 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
F7 One-sixth (1/6) of the RSUs vest on each of February 5 and August 5 of each of 2023, 2024 and 2025.