KATE REED - 09 Jan 2024 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Director
Signature
/s/ David Rench as Attorney-in-Fact
Issuer symbol
APLD
Transactions as of
09 Jan 2024
Net transactions value
$0
Form type
4
Filing time
11 Jan 2024, 17:33:59 UTC
Previous filing
13 Nov 2023
Next filing
02 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Award $0 +23,475 +70% $0.000000 57,160 09 Jan 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 23,475 shares of restricted stock as an initial grant upon initiation of board service. These shares will vest a third on each of November 9, 2024, 2025, and 2026, as long as the Reporting Person is a director of the issuer on each such date.
F2 Includes 33,685 shares of restricted stock that vest on November 9, 2024 so long as the Reporting Person is a director of the issuer on such date.