Michael Maniscalco - Jul 31, 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
Jul 31, 2024
Transactions value $
-$34,173
Form type
4
Date filed
8/7/2024, 09:23 PM
Previous filing
Apr 8, 2024
Next filing
Aug 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Options Exercise +33.3K +44.25% 109K Jul 31, 2024 Direct F1
transaction APLD Common Stock Tax liability -$34.2K -8.12K -7.47% $4.21 101K Jul 31, 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 -33.3K -16.67% $0.00 167K Jul 31, 2024 Common Stock 33.3K Direct F1, F3, 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 Represents the withholding of shares of the Company's common stock for tax purposes in connection with the vesting of RSUs previously granted.
F3 RSUs granted on January 31, 2024, vesting as follows: 33,333 on each of July 31, 2024 and January 31, 2025, 33,334 on July 31, 2025, 33,333 on each of January 31, 2026 and July 31, 2026, and 33,334 on January 31, 2027.
F4 No expiration date.