David Rench - 15 Nov 2024 Form 4/A - Amendment Insider Report for Applied Digital Corp. (APLD)

Role: Chief Administrative Officer
Signature: /s/ David Rench
Issuer symbol: APLD
Transactions as of: 15 Nov 2024
Net transactions value: $0
Form type: 4/A - Amendment
Filing time: 21 Nov 2024, 21:55:04 UTC
Date Of Original Report: 19 Nov 2024
Previous filing: 08 Oct 2024
Next filing: 12 Dec 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	+490,000		$0.000000	490,000	15 Nov 2024	Common Stock	490,000		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 November 15, 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 in six equal installments on each of December 1, 2024, June 1, 2025, December 1, 2025, June 1, 2026, December 1, 2026 and June 1, 2027, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.
F3	On November 19, 2024, the Reporting Person filed a Form 4 (the "Original Form 4") to report the RSUs. This Form 4/A is being filed to amend and restate the Original Form 4 to note the vesting terms of the RSUs.

Remarks:

Exhibit 24 - Power of Attorney