Richard N. Nottenburg - Nov 27, 2024 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role: Director
Signature: /s/ David Rench as Attorney-in-Fact
Stock symbol: APLD
Transactions as of: Nov 27, 2024
Transactions value $: -$460,000
Form type: 4
Date filed: 11/29/2024, 04:05 PM
Previous filing: Nov 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APLD	Common Stock	Sale	-$460K	-50K	-13.01%	$9.20	334K	Nov 27, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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	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 Issuer. 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 Issuer and Applied Digital Cloud Corporation on each such date.

Content

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.

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 Issuer. 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 Issuer and Applied Digital Cloud Corporation on each such date.