Michael Maniscalco - Oct 4, 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: Oct 4, 2024
Transactions value $: -$22,678
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		+12.5K	+10.56%		131K	Oct 4, 2024	Direct	F1
transaction	APLD	Common Stock	Tax liability	-$22.7K	-3.04K	-2.33%	$7.45	128K	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	-12.5K	-25%	$0.00	37.5K	Oct 4, 2024	Common Stock	12.5K		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: 25,000 on April 4, 2024 and 12,500 on each of October 4, 2024, April 4, 2025, October 4, 2025, and April 4, 2026.
F4	No expiration date.