Wes Cummins - 05 Feb 2023 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
05 Feb 2023
Net transactions value
$0
Form type
4
Filing time
07 Feb 2023, 08:15:56 UTC
Previous filing
31 Jan 2023
Next filing
08 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Options Exercise +83,333 +2.3% 3,705,163 05 Feb 2023 Direct F3, F4
holding APLD Common Stock 17,590,238 05 Feb 2023 See Footnote. F1
holding APLD Common Stock 1,795,686 05 Feb 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 -83,333 -17% $0.000000 416,667 05 Feb 2023 Common Stock 83,333 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.