Wes Cummins - Oct 10, 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 10, 2024
Transactions value $
$0
Form type
4
Date filed
10/15/2024, 09:17 PM
Previous filing
Oct 8, 2024
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Award +600K +14.72% 4.68M Oct 10, 2024 Direct F1, F2
holding APLD Common Stock 17.6M Oct 10, 2024 See Footnote F3
holding APLD Common Stock 1.63M Oct 10, 2024 See Footnote 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") granted on October 10, 2024 convert into shares of common stock of Applied Digital Corporation on a one-for-one basis, have no expiration date, and vest as follows: 200,000 shares on October 10, 2025 and 100,000 shares on each of April 10, 2026, October 10, 2026, April 10, 2027, and October 10, 2027.
F2 Includes 742,166 shares held in the Reporting Person's IRA.
F3 Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.
F4 Shares are held by 272 Capital, LLC, of which the Reporting Person is the President.

Remarks:

Exhibit 24 - Power of Attorney