Michael Maniscalco - 04 Apr 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
04 Apr 2024
Net transactions value
-$19,855
Form type
4
Filing time
08 Apr 2024, 16:39:08 UTC
Previous filing
06 Feb 2024
Next filing
07 Aug 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 Options Exercise +25,000 +44% 81,399 04 Apr 2024 Direct F1
transaction APLD Common Stock Tax liability $19,855 -6,072 -7.5% $3.27 75,327 04 Apr 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 -25,000 -33% $0.000000 50,000 04 Apr 2024 Common Stock 25,000 Direct F1, F3
holding APLD Restricted Stock Unit 70,833 04 Apr 2024 Common Stock 70,833 Direct F1, F4
holding APLD Restricted Stock Unit 200,000 04 Apr 2024 Common Stock 200,000 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: 12,500 on each of October 4, 2024, April 4, 2025, October 4, 2025 and April 4, 2026.
F4 RSUs will vest as follows: 23,610 on August 5, 2024, 23,611 on February 5, 2025, and 23,612 on August 5, 2025.
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.