Mohammad Saidal LaVanway Mohmand - 05 Feb 2025 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Chief Financial Officer
Signature
/s/ Mark Chavez as Attorney-in-Fact
Issuer symbol
APLD
Transactions as of
05 Feb 2025
Net transactions value
-$84,280
Form type
4
Filing time
07 Feb 2025, 21:55:06 UTC
Previous filing
21 Oct 2024
Next filing
08 Apr 2025
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 +20,833 +14% 169,866 05 Feb 2025 Direct F1
transaction APLD Common Stock Tax liability $43,189 -5,332 -3.1% $8.10 164,534 05 Feb 2025 Direct F2
transaction APLD Common Stock Options Exercise +20,833 +13% 185,367 05 Feb 2025 Direct F3
transaction APLD Common Stock Tax liability $41,091 -5,073 -2.7% $8.10 180,294 05 Feb 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 -20,833 -50% $0.000000 20,834 05 Feb 2025 Common Stock 20,833 Direct F1
transaction APLD Restricted Stock Unit Options Exercise $0 -20,833 -50% $0.000000 20,834 05 Feb 2025 Common Stock 20,833 Direct F1, 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 August 5, 2022 represent a contingent right to receive shares of common stock of Applied Digital Corporation the "Issuer") on a one-for-one basis. The RSUs have no expiration date and vest as follows: 20,833 on each of February 5, 2023 and August 5, 2023, 20,834 on February 5, 2024, 20,833 on each of August 5, 2024 and February 5, 2025, and 20,834 on August 5, 2025, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
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 August 5, 2022 represent a contingent right to receive shares of common stock of the Issuer on a one-for-one basis. The RSUs have no expiration date and vest as follows: 41,667 on August 5, 2023, 20,833 on each of February 5, 2024, August 5, 2024 and February 5, 2025, and 20,834 on August 5, 2025, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.

Remarks:

Exhibit 24 - Power of Attorney