David Rench - Feb 5, 2024 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Chief Financial Officer
Signature
David Rench
Stock symbol
APLD
Transactions as of
Feb 5, 2024
Transactions value $
-$49,821
Form type
4
Date filed
2/6/2024, 04:52 PM
Previous filing
Aug 8, 2023
Next filing
Apr 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Options Exercise +41.7K +21.1% 239K Feb 5, 2024 Direct F1
transaction APLD Common Stock Tax liability -$49.8K -11.7K -4.89% $4.26 227K Feb 5, 2024 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 -41.7K -25% $0.00 125K Feb 5, 2024 Common Stock 41.7K Direct F1, F3
holding APLD Restricted Stock Unit 210K Feb 5, 2024 Common Stock 210K 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 41,666 RSUs will vest on August 5, 2024 and 41,667 RSUs will vest on each of February 5, 2025 and August 5, 2025.
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.