Wes Cummins - 10 Oct 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
Issuer symbol
APLD
Transactions as of
10 Oct 2024
Net transactions value
$0
Form type
4/A - Amendment
Filing time
22 Oct 2024, 21:50:05 UTC
Date Of Original Report
15 Oct 2024
Previous filing
08 Oct 2024
Next filing
29 Nov 2024
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 +600,000 $0.000000 600,000 10 Oct 2024 Common Stock 600,000 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