David Rench - 01 Apr 2023 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Chief Financial Officer
Signature
David Rench
Issuer symbol
APLD
Transactions as of
01 Apr 2023
Net transactions value
-$11,364
Form type
4
Filing time
04 Apr 2023, 20:40:03 UTC
Previous filing
07 Feb 2023
Next filing
08 Aug 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 Tax liability $11,364 -5,073 -3% $2.24 165,997 01 Apr 2023 Direct F1

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 Award $0 +210,000 $0.000000 210,000 04 Apr 2023 Common Stock 210,000 Direct F2, F4
holding APLD Restricted Stock Unit 208,334 01 Apr 2023 Common Stock 208,334 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
F2 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F3 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.
F4 One-third of the RSUs will vest on April 4, 2024, and one-sixth of the RSUs will vest on each of October 4, 2024, April 4, 2025, October 4, 2025 and April 4, 2026.