| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | APLD | Common Stock | Sale | -$589K | -80K | -15.57% | $7.37 | 434K | Oct 14, 2024 | Direct | F1, F2, F3, F4 |
| Id | Content |
|---|---|
| F1 | The Reportion Person is using the proceeds primarily to pay income tax liability associated with the vesting of the subject securities. |
| F2 | Constitutes the weighted average sales price for multiple transactions reported on this line, having prices per share ranging from $7.33 to $7.545. The Reporting Person will provide upon request by the Securities and Exchange Commission Staff, Applied Digital Corporation (the "Company") or a security holder of the Company, full information regarding each separate transaction. |
| F3 | Includes 33,685 shares of restricted stock granted to the Reporting Person on November 9, 2023 for his service as a non-employee director on the Company's board of directors. These shares of restricted stock will vest in full on November 9, 2024 (the first anniversary of the grant date). |
| F4 | On May 13, 2024, 300,000 shares of restricted stock were granted to the Reporting Person in connection with the Reporting Person's service as the Chairman of the board of directors of Applied Digital Cloud Corporation, a subsidiary of the Company. 100,000 shares of restricted stock under the grant vested on May 13, 2025 (the first anniversary of the grant date). The remaining 200,000 shares of restricted stock under the grant vest as follows: 100,000 shares on May 13, 2026 (the second anniversary of the grant date) and 100,000 shares on May 13, 2027 (the third anniversary of the grant date), provided that the Reporting Person is a director of both the issuer and the subsidiary of the issuer set forth in the applicable award agreement on each such date. |
Exhibit 24 - Power of Attorney