Michael Maniscalco - 31 Jan 2024 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Chief Technology Officer
Signature
/s/ David Rench as Attorney-in-Fact
Issuer symbol
APLD
Transactions as of
31 Jan 2024
Net transactions value
$0
Form type
4
Filing time
02 Feb 2024, 16:01:18 UTC
Previous filing
08 Aug 2023
Next filing
06 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding APLD Common Stock 39,789 31 Jan 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 +200,000 $0.000000 200,000 31 Jan 2024 Common Stock 200,000 Direct F1, F2
holding APLD Restricted Stock Unit 94,444 31 Jan 2024 Common Stock 94,444 Direct F1, F3
holding APLD Restricted Stock Unit 75,000 31 Jan 2024 Common Stock 75,000 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.