Michael Maniscalco - 05 Jul 2023 Form 3 Insider Report for Applied Digital Corp. (APLD)

Role
Chief Technology Officer
Signature
/s/ David Rench as Attorney-in-Fact
Issuer symbol
APLD
Transactions as of
05 Jul 2023
Net transactions value
$0
Form type
3
Filing time
17 Jul 2023, 19:47:54 UTC
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
holding APLD Common Stock 16,666 05 Jul 2023 Direct

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 05 Jul 2023 Common Stock 125,000 Direct F1, F2
holding APLD Restricted Stock Unit 05 Jul 2023 Common Stock 75,000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units ("RSU"s) will vest as follows: 30,556 on August 5, 2023, 23,611 on each of February 5, 2024 and February 5, 2025, 23,610 on August 5, 2024, and 23,612 on August 5, 2025.
F2 RSUs convert into common stock on a one-for-one basis.
F3 RSUs will vest as follows: 25,000 on April 4, 2024, and 12,500 on each of October 4, 2024, April 4, 2025, October 4, 2025 and April 4, 2026.