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

Role: Chief Marketing Officer
Signature: /s/ David Rench as Attorney-in-Fact
Stock symbol: APLD
Transactions as of: Aug 5, 2023
Transactions value $: -$31,620
Form type: 4
Date filed: 8/8/2023, 04:17 PM
Previous filing: Apr 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APLD	Common Stock	Options Exercise	$0	+16.7K	+16.96%	$0.00	115K	Aug 5, 2023	Direct	F1
transaction	APLD	Common Stock	Tax liability	-$31.6K	-4.06K	-3.53%	$7.79	111K	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	-16.7K	-20%	$0.00	66.7K	Aug 5, 2023	Common Stock	16.7K		Direct	F1, F3
holding	APLD	Restricted Stock Unit						60K	Aug 5, 2023	Common Stock	60K		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	16,667 RSUs will vest on August 5, 2023, February 5, 2024, February 5, 2025, and August 5, 2025 and 16,666 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.