Wes Cummins - 04 Oct 2024 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
CEO; Chairman, Director, 10%+ Owner
Signature
/s/ David Rench as Attorney-in-Fact
Issuer symbol
APLD
Transactions as of
04 Oct 2024
Net transactions value
-$293,158
Form type
4
Filing time
08 Oct 2024, 20:15:07 UTC
Previous filing
07 Aug 2024
Next filing
22 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 Options Exercise +100,000 +2.5% 4,115,305 04 Oct 2024 Direct F1, F2
transaction APLD Common Stock Tax liability $293,158 -39,350 -0.96% $7.45 4,075,955 04 Oct 2024 Direct F3
holding APLD Common Stock 17,590,238 04 Oct 2024 See Footnote. F4
holding APLD Common Stock 1,626,453 04 Oct 2024 See Footnote F5

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 -100,000 -25% $0.000000 300,000 04 Oct 2024 Common Stock 100,000 Direct F1, F6, F7
* 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 Includes 742,166 shares held in the Reporting Person's IRA.
F3 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.
F4 Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.
F5 Shares are held by B. Riley Asset Management, LLC, of which the Reporting Person is the President.
F6 RSUs granted on April 4, 2023, vesting as follows: 200,000 on April 4, 2024 and 100,000 on each of October 4, 2024, April 4, 2025, October 4, 2025, and April 4, 2026.
F7 No expiration date.