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

Role
CEO; Chairman, Director, 10%+ Owner
Signature
/s/ David Rench as Attorney-in-Fact
Stock symbol
APLD
Transactions as of
Oct 4, 2024
Transactions value $
-$293,158
Form type
4
Date filed
10/8/2024, 08:15 PM
Previous filing
Aug 7, 2024
Next filing
Oct 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Options Exercise +100K +2.49% 4.12M Oct 4, 2024 Direct F1, F2
transaction APLD Common Stock Tax liability -$293K -39.4K -0.96% $7.45 4.08M Oct 4, 2024 Direct F3
holding APLD Common Stock 17.6M Oct 4, 2024 See Footnote. F4
holding APLD Common Stock 1.63M Oct 4, 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 -100K -25% $0.00 300K Oct 4, 2024 Common Stock 100K 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.