Richard N. Nottenburg - 13 May 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: 13 May 2024
Net transactions value: $0
Form type: 4
Filing time: 14 May 2024, 08:03:32 UTC
Previous filing: 24 Apr 2024
Next filing: 16 Oct 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	+300,000	+140%	$0.000000	513,686	13 May 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 300,000 shares of restricted stock granted in connection with the Reporting Person's service as a director of a subsidiary of the issuer. Of these shares, 100,000 will vest on the first anniversary of the grant date, and 100,000 will vest on May 13 of each of 2026 and 2027, provided that the Reporting Person is a director of both the issuer and the subsidiary of the issuer set forth in the applicable award agreement on each such date.
F2	Includes 33,685 shares of restricted stock due to non-employee directors for board service for the 12 months commencing November 9, 2023. These shares will vest in full on the first anniversary of the grant date.

Content

Includes 300,000 shares of restricted stock granted in connection with the Reporting Person's service as a director of a subsidiary of the issuer. Of these shares, 100,000 will vest on the first anniversary of the grant date, and 100,000 will vest on May 13 of each of 2026 and 2027, provided that the Reporting Person is a director of both the issuer and the subsidiary of the issuer set forth in the applicable award agreement on each such date.

Includes 33,685 shares of restricted stock due to non-employee directors for board service for the 12 months commencing November 9, 2023. These shares will vest in full on the first anniversary of the grant date.