Wes Cummins - Feb 5, 2023 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
Feb 5, 2023
Transactions value $
$0
Form type
4
Date filed
2/7/2023, 08:15 AM
Previous filing
Jan 31, 2023
Next filing
Feb 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Options Exercise +83.3K +2.3% 3.71M Feb 5, 2023 Direct F3, F4
holding APLD Common Stock 17.6M Feb 5, 2023 See Footnote. F1
holding APLD Common Stock 1.8M Feb 5, 2023 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
transaction APLD Restricted Stock Unit Options Exercise $0 -83.3K -16.67% $0.00 417K Feb 5, 2023 Common Stock 83.3K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.
F2 Shares are held by B. Riley Asset Management, LLC, of which the Reporting Person is the President.
F3 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F4 Includes (i) 62,500 shares of restricted stock which will vest on April 1, 2023, and (ii) 742,166 shares held in the Reporting Person's IRA.
F5 83,333 RSUs will vest on August 5, 2023, August 5, 2024, and February 5, 2025 and 83,334 RSUs will vest on February 5, 2024 and August 5, 2025.