| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | APLD | Common Stock | Sale | -$145K | -19.4K | -4.8% | $7.51 | 384K | Nov 7, 2024 | Direct | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | The Reportion Person is using the proceeds from the sale of these shares to pay income tax liability associated with the vesting of certain shares of restricted stock. |
| F2 | Constitutes the weighted average sales price for multiple transactions reported on this line, having prices per share ranging from $7.50 to $7.52. 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 300,000 shares of restricted stock granted to the Reporting Person on May 13, 2024 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. The shares of restricted stock vest as follows: 100,000 shares on May 13, 2025 (the first anniversary of the grant date), 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 Company and Applied Digital Cloud Corporation on each such date. |