Michael Maniscalco - Aug 5, 2023 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Chief Technology Officer
Signature
/s/ David Rench as Attorney-in-Fact
Stock symbol
APLD
Transactions as of
Aug 5, 2023
Transactions value $
-$57,903
Form type
4
Date filed
8/8/2023, 04:12 PM
Previous filing
Jul 17, 2023
Next filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Options Exercise +30.6K +183.34% 47.2K Aug 5, 2023 Direct F1
transaction APLD Common Stock Tax liability -$57.9K -7.43K -15.74% $7.79 39.8K Aug 5, 2023 Direct 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 -30.6K -24.44% $0.00 94.4K Aug 5, 2023 Common Stock 30.6K Direct F1, F3
holding APLD Restricted Stock Unit 75K Aug 5, 2023 Common Stock 75K 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 Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
F3 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.
F4 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.