Wes Cummins - Oct 10, 2024 Form 4/A - Amendment 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/A - Amendment
Date filed: 10/22/2024, 09:50 PM
Date Of Original Report: Oct 15, 2024
Previous filing: Oct 8, 2024

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	+600K		$0.00	600K	Oct 10, 2024	Common Stock	600K		Direct	F1, F2, 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 October 10, 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: 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, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.
F3	On October 15, 2024, the Reporting Person filed a Form 4 (the "Original Form 4") to report the RSUs on Table I. This Form 4/A is being filed to amend and restate Table I and II of the Original Form 4 to report the RSUs on Table II because the RSUs may be settled in cash.

Remarks:

Exhibit 24 - Power of Attorney