David Rench - 05 Feb 2023 Form 4 Insider Report for Applied Blockchain, Inc. (APLD)

Role
Chief Financial Officer
Signature
David Rench
Issuer symbol
APLD
Transactions as of
05 Feb 2023
Net transactions value
-$36,697
Form type
4
Filing time
07 Feb 2023, 08:19:33 UTC
Previous filing
04 Jan 2023
Next filing
04 Apr 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 +41,666 +30% 182,224 05 Feb 2023 Direct F1, F2
transaction APLD Common Stock Tax liability $36,697 -11,154 -6.1% $3.29 171,070 05 Feb 2023 Direct F2, F3

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 -41,666 -17% $0.000000 208,334 05 Feb 2023 Common Stock 41,666 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2 Includes 20,833 shares of restricted stock which will vest on April 1, 2023.
F3 Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
F4 41,667 RSUs will vest on August 5, 2023, February 5, 2024, February 5, 2025, and August 5, 2025 and 41,666 RSUs will vest on August 5, 2024.