Michael Maniscalco - Jan 31, 2024 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
Jan 31, 2024
Transactions value $
$0
Form type
4
Date filed
2/2/2024, 04:01 PM
Previous filing
Aug 8, 2023
Next filing
Feb 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding APLD Common Stock 39.8K Jan 31, 2024 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
transaction APLD Restricted Stock Unit Award $0 +200K $0.00 200K Jan 31, 2024 Common Stock 200K Direct F1, F2
holding APLD Restricted Stock Unit 94.4K Jan 31, 2024 Common Stock 94.4K Direct F1, F3
holding APLD Restricted Stock Unit 75K Jan 31, 2024 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 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
F2 RSUs will vest as follows: 33,333 on each of July 31, 2024, January 31, 2025, July 31, 2025 and January 31, 2026, and 33,334 on each of July 31, 2026 and January 31, 2027.
F3 Restricted Stock Units ("RSU"s) will vest as follows: 23,611 on each of February 5, 2024 and February 5, 2025, and 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.