Rachel H. Lee - 22 Feb 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
22 Feb 2024
Net transactions value
$0
Form type
4
Filing time
26 Feb 2024, 16:28:00 UTC
Next filing
28 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Award $0 +79,219 $0.000000 79,219 22 Feb 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 46,190 shares of restricted stock as an initial grant upon initiation of board service. Of these shares, 15,396 will vest on February 22, 2025 and 15,397 will vest on February 22 of each of 2026 and 2027, as long as the Reporting Person is a director of the issuer on each such date.
F2 Includes 33,029 shares of restricted stock that vest on February 22, 2025 so long as the Reporting Person is a director of the issuer on such date.