Kate Reed - 20 Nov 2024 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Director
Signature
/s/ David Rench as Attorney-in-Fact
Issuer symbol
APLD
Transactions as of
20 Nov 2024
Net transactions value
$0
Form type
4
Filing time
22 Nov 2024, 21:55:04 UTC
Previous filing
02 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Disposed to Issuer $0 -15,650 -4.4% $0.000000 341,510 20 Nov 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kate Reed is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Shares of restricted stock that were to vest on November 9, 2025 and November 9, 2026, subject to the Reporting Person being a director of Applied Digital Corporation (the "Company") through the applicable vesting date. As of November 20, 2024, the Reporting Person ceased being a director of the Company.
F2 Includes 300,000 restricted stock units ("RSUs") that represent a contingent right to receive one share of common stock. The RSUs vest as follows: 100,000 of the RSUs vest on June 28, 2025 and 50,000 of the RSUs vest on December 28, 2025, June 28, 2026, December 28, 2026 and June 28, 2027, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.