Mohammad Saidal LaVanway Mohmand - 17 Oct 2024 Form 4 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
17 Oct 2024
Net transactions value
$0
Form type
4
Filing time
21 Oct 2024, 21:55:04 UTC
Previous filing
21 Oct 2024
Next filing
07 Feb 2025
SEC
View on sec.gov

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 Award $0 +490,000 $0.000000 490,000 17 Oct 2024 Common Stock 490,000 Direct F1, F2
* 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 17, 2024 represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis, cash or a combination thereof.
F2 The RSUs have no expiration date and vest as follows: one-sixth (1/6) of the RSUs on each of April 4, 2025, October 4, 2025, April 4, 2026, October 4, 2026, April 4, 2027 and October 4, 2027, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.