Mohammad Saidal LaVanway Mohmand - 15 Oct 2024 Form 3 Insider Report for Applied Digital Corp. (APLD)

Role
Chief Financial Officer
Signature
/s/ David Rench as Attorney-in-Fact
Issuer symbol
APLD
Transactions as of
15 Oct 2024
Net transactions value
$0
Form type
3
Filing time
21 Oct 2024, 21:50:35 UTC
Next filing
21 Oct 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding APLD Common Stock 149,033 15 Oct 2024 Direct

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
holding APLD Restricted Stock Unit 15 Oct 2024 Common Stock 41,667 Direct F1
holding APLD Restricted Stock Unit 15 Oct 2024 Common Stock 41,667 Direct F2
holding APLD Restricted Stock Unit 15 Oct 2024 Common Stock 37,500 Direct F3
* 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 August 5, 2022 represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis. The RSUs have no expiration date and vest as follows: 20,833 on each of February 5, 2023 and August 5, 2023, 20,834 on February 5, 2024, 20,833 on each of August 5, 2024 and February 5, 2025, and 20,834 on August 5, 2025, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.
F2 RSUs granted on August 5, 2022 represent a contingent right to receive shares of common stock of the Company on a one-for-one basis. The RSUs have no expiration date and vest as follows: 41,667 on August 5, 2023, 20,833 on each of February 5, 2024, August 5, 2024 and February 5, 2025, and 20,834 on August 5, 2025, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.
F3 RSUs granted on April 4, 2023 represent a contingent right to receive shares of common stock of the Company on a one-for-one basis. The RSUs have no expiration date and vest 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, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.

Remarks:

Exhibit 24 - Power of Attorney