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

Role
Chief Financial Officer
Signature
David Rench
Stock symbol
APLD
Transactions as of
Oct 4, 2024
Transactions value $
-$84,818
Form type
4
Date filed
10/8/2024, 08:15 PM
Previous 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 +35K +11.22% 347K Oct 4, 2024 Direct F1
transaction APLD Common Stock Tax liability -$84.8K -11.4K -3.28% $7.45 336K Oct 4, 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 -35K -25% $0.00 105K Oct 4, 2024 Common Stock 35K 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, which does not constitute an actual sale or other open market transaction.
F3 RSUs granted on April 4, 2023, vesting as follows: 70,000 on April 4, 2024 and 35,000 on each of October 4, 2024, April 4, 2025, October 4, 2025, and April 4, 2026.
F4 No expiration date.