Regina Ingel - 05 Aug 2023 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Chief Marketing Officer
Signature
/s/ David Rench as Attorney-in-Fact
Issuer symbol
APLD
Transactions as of
05 Aug 2023
Net transactions value
-$31,620
Form type
4
Filing time
08 Aug 2023, 16:17:39 UTC
Previous 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 $0 +16,667 +17% $0.000000 114,929 05 Aug 2023 Direct F1
transaction APLD Common Stock Tax liability $31,620 -4,059 -3.5% $7.79 110,870 05 Aug 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 -16,667 -20% $0.000000 66,667 05 Aug 2023 Common Stock 16,667 Direct F1, F3
holding APLD Restricted Stock Unit 60,000 05 Aug 2023 Common Stock 60,000 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.