Wes Cummins - May 17, 2022 Form 4 Insider Report for Applied Blockchain, Inc. (APLD)

Role: CEO; Chairman, Director, 10%+ Owner
Signature: /s/ David Rench as Attorney-in-Fact
Stock symbol: APLD
Transactions as of: May 17, 2022
Transactions value $: $933,571
Form type: 4
Date filed: 5/19/2022, 06:21 PM
Previous filing: May 17, 2022
Next filing: May 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APLD	Common Stock	Purchase	$609K	+264K		$2.31	264K	May 17, 2022	See Footnote	F3, F4
transaction	APLD	Common Stock	Purchase	$292K	+117K	+44.36%	$2.50	380K	May 18, 2022	See Footnote	F4, F5
transaction	APLD	Common Stock	Purchase	$32.5K	+11K	+2.9%	$2.95	391K	May 19, 2022	See Footnote	F4, F6
holding	APLD	Common Stock						3.62M	May 17, 2022	Direct	F1
holding	APLD	Common Stock						17.6M	May 17, 2022	See Footnote.	F2

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

Explanation of Responses:

Id	Content
F1	Includes (i) 500,000 shares of restricted stock, of which 250,000 will vest on April 1, 2022 or, if later, the date that a registration statement including the resale of such shares is declared effective by the SEC (the "Later Date"), and 62,500 will vest on each of July 1, 2022, October 1, 2022, January 1 2023 and April 1, 2023, or in each case, if later, the Later Date, and (iii) 742,166 shares held in the Reporting Person's IRA.
F2	Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.
F3	Constitutes the weighted average purchase price for multiple transactions reported on this line having prices per share ranging from $2.10 to $2.50. The Reporting Person will provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding each separate transaction.
F4	Shares are held by B. Riley Asset Management, LLC, of which the Reporting Person is the President.
F5	Constitutes the weighted average purchase price for multiple transactions reported on this line having prices per share ranging from $2.45 to $2.55. The Reporting Person will provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding each separate transaction.
F6	Constitutes the weighted average purchase price for multiple transactions reported on this line having prices per share ranging from $2.50 to $3.17. The Reporting Person will provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding each separate transaction.