David Rench - Dec 1, 2024 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Chief Administrative Officer
Signature
/s/ David Rench
Stock symbol
APLD
Transactions as of
Dec 1, 2024
Transactions value $
-$322,776
Form type
4
Date filed
12/12/2024, 09:55 PM
Previous filing
Nov 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Options Exercise +81.7K +24.34% 417K Dec 1, 2024 Direct F1
transaction APLD Common Stock Tax liability -$323K -32K -7.66% $10.10 385K Dec 1, 2024 Direct F2

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 Options Exercise $0 -81.7K -16.67% $0.00 408K Dec 1, 2024 Common Stock 81.7K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2 Represents the withholding of shares of the Company's common stock for tax purposes in connection with the vesting of RSUs previously granted, which does not constitute an actual sale or other open market transaction.
F3 RSUs granted on November 15, 2024, vesting 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.
F4 No expiration date.