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

Role
CEO; Chairman, Director, 10%+ Owner
Signature
/s/ David Rench as Attorney-in-Fact
Stock symbol
APLD
Transactions as of
Nov 30, 2022
Transactions value $
$146,250
Form type
4
Date filed
11/30/2022, 03:37 PM
Previous filing
Nov 29, 2022
Next filing
Dec 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Purchase $146K +75K +5.55% $1.95 1.43M Nov 30, 2022 See Footnote F3, F4
holding APLD Common Stock 3.62M Nov 30, 2022 Direct F1
holding APLD Common Stock 17.6M Nov 30, 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 500K Nov 30, 2022 Common Stock 500K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (i) 125,000 shares of restricted stock, of which 62,500 will vest on each of January 1, 2023, and April 1, 2023, and (ii) 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 $1.85 to $1.98. 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 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
F6 One-sixth (1/6) of the RSUs vest on each of February 5 and August 5 of each of 2023, 2024 and 2025.