Michael Maniscalco - Aug 5, 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
Aug 5, 2024
Transactions value $
-$24,208
Form type
4
Date filed
8/7/2024, 09:53 PM
Previous filing
Aug 7, 2024
Next filing
Oct 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Options Exercise +16.7K +16.58% 117K Aug 5, 2024 Direct F1
transaction APLD Common Stock Tax liability -$17.1K -4.06K -3.46% $4.21 113K Aug 5, 2024 Direct F2
transaction APLD Common Stock Options Exercise +6.94K +6.14% 120K Aug 5, 2024 Direct F1
transaction APLD Common Stock Tax liability -$7.12K -1.69K -1.41% $4.21 118K Aug 5, 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 -16.7K -33.33% $0.00 33.3K Aug 5, 2024 Common Stock 16.7K Direct F1, F3, F4
transaction APLD Restricted Stock Unit Options Exercise $0 -6.94K -33.33% $0.00 13.9K Aug 5, 2024 Common Stock 6.94K Direct F1, F4, 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 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 August 5, 2022, vesting as follows: 16,666 on February 5, 2023, 16,667 on each of August 5, 2023 and February 5, 2024, 16,666 on August 5, 2024, and 16,667 on each of February 5, 2025 and August 5, 2025.
F4 No expiration date.
F5 RSUs granted on August 5, 2022, vesting as follows: 13,889 on August 5, 2023, 6,944 on each of February 5, 2024, August 5, 2024, and February 5, 2025, and 6,945 on August 5, 2025.