CHUCK HASTINGS - 31 May 2022 Form 4 Insider Report for Applied Blockchain, Inc. (APLD)

Role: Director
Signature: /s/ David Rench as Attorney-in-Fact
Issuer symbol: APLD
Transactions as of: 31 May 2022
Net transactions value: +$48,300
Form type: 4
Filing time: 31 May 2022, 16:01:18 UTC
Previous filing: 12 Apr 2022
Next filing: 31 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APLD	Common Stock	Purchase	$48,300	+10,000	+2.3%	$4.83	444,500	31 May 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Constitutes the weighted average purchase price for multiple transactions reported on this line having prices per share ranging from $4.81 to $4.83. 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.
F2	Includes 100,000 shares of restricted stock granted as stock compensation for the Reporting Person's board service, 50,000 of which will vest on each of (i) April 1, 2022 or the date, if later, on which the SEC declares effective a registration statement covering the resale of the shares of restricted stock and (ii) April 1, 2023, so long as the Reporting Person is a director of the issuer on each such date.

Content

Constitutes the weighted average purchase price for multiple transactions reported on this line having prices per share ranging from $4.81 to $4.83. 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.

Includes 100,000 shares of restricted stock granted as stock compensation for the Reporting Person's board service, 50,000 of which will vest on each of (i) April 1, 2022 or the date, if later, on which the SEC declares effective a registration statement covering the resale of the shares of restricted stock and (ii) April 1, 2023, so long as the Reporting Person is a director of the issuer on each such date.