Michael Maniscalco - Feb 5, 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
Feb 5, 2024
Transactions value $
-$29,824
Form type
4
Date filed
2/6/2024, 06:07 PM
Previous filing
Feb 2, 2024
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 +23.6K +59.34% 63.4K Feb 5, 2024 Direct F1
transaction APLD Common Stock Tax liability -$29.8K -7K -11.04% $4.26 56.4K 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 -23.6K -25% $0.00 70.8K Feb 5, 2024 Common Stock 23.6K Direct F1, F3
holding APLD Restricted Stock Unit 75K Feb 5, 2024 Common Stock 75K Direct F1, F4
holding APLD Restricted Stock Unit 200K Feb 5, 2024 Common Stock 200K Direct F1, F5
* 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 RSUs will vest as follows: 23,610 on August 5, 2024, 23,611 on February 5, 2025, 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.
F5 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.