David Rench - 04 Apr 2024 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Chief Financial Officer
Signature
David Rench
Issuer symbol
APLD
Transactions as of
04 Apr 2024
Net transactions value
-$55,737
Form type
4
Filing time
08 Apr 2024, 16:40:06 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 +70,000 +31% 297,490 04 Apr 2024 Direct F1
transaction APLD Common Stock Tax liability $55,737 -17,045 -5.7% $3.27 280,445 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 -70,000 -33% $0.000000 140,000 04 Apr 2024 Common Stock 70,000 Direct F1, F3
holding APLD Restricted Stock Unit 125,000 04 Apr 2024 Common Stock 125,000 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 One-sixth of the RSUs will vest on each of October 4, 2024, April 4, 2025, October 4, 2025 and April 4, 2026.
F4 41,667 RSUs will vest on each February 5, 2025 and August 5, 2025 and 41,666 RSUs will vest on August 5, 2024.