Michael Maniscalco - 31 Jan 2025 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Former Officer
Signature
/s/ Michael Maniscalco
Issuer symbol
APLD
Transactions as of
31 Jan 2025
Net transactions value
-$65,262
Form type
4
Filing time
06 Feb 2025, 21:55:15 UTC
Previous filing
08 Oct 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 Options Exercise +33,333 +26% 161,192 31 Jan 2025 Direct F1
transaction APLD Common Stock Tax liability $65,262 -9,166 -5.7% $7.12 152,026 31 Jan 2025 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 -33,333 -20% $0.000000 133,334 31 Jan 2025 Common Stock 33,333 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Issuer") on a one-for-one basis, cash or a combination thereof.
F2 Represents the withholding of shares of common stock of the Issuer 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 January 31, 2024, vesting as follows: 33,333 on each of July 31, 2024 and January 31, 2025, 33,334 on July 31, 2025, 33,333 on each of January 31, 2026 and July 31, 2026, and 33,334 on January 31, 2027, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date. Effective as of January 31, 2025, the Reporting Person has ceased being the Issuer's Chief Technology Officer.
F4 No expiration date.