David Rench - 04 Apr 2024 Form 4 Insider Report for Applied Digital Corp. (APLD)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
08 Apr 2024, 16:40:06 UTC
Prior SEC filing
06 Feb 2024
Next SEC filing
07 Aug 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
David Rench

Key filing fact

David Rench filed Form 4 for Applied Digital Corp. (APLD) on 08 Apr 2024.

Key facts

  • This page summarizes David Rench's Form 4 filing for Applied Digital Corp. (APLD).
  • 3 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 08 Apr 2024, 16:40.

Change

  • Previous filing in this sequence was filed on 06 Feb 2024.
  • Current net transaction value: -$55,737.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

APLD transaction

Common Stock

Options Exercise

Transaction value
Shares
+70,000
Change %
+31%
Price
Shares after
297,490
Date
04 Apr 2024
Ownership
Direct
Footnotes
F1
APLD transaction

Common Stock

Tax liability

Transaction value
$55,737
Shares
-17,045
Change %
-5.7%
Price
$3.27
Shares after
280,445
Date
04 Apr 2024
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

APLD transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
$0
Shares
-70,000
Change %
-33%
Price
$0.000000
Shares after
140,000
Date
04 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
70,000
Exercise price
Footnotes
F1, F3
APLD holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
125,000
Date
04 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
125,000
Exercise price
Footnotes
F1, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.

Footnote F2

Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.

Footnote F3

One-sixth of the RSUs will vest on each of October 4, 2024, April 4, 2025, October 4, 2025 and April 4, 2026.

Footnote F4

41,667 RSUs will vest on each February 5, 2025 and August 5, 2025 and 41,666 RSUs will vest on August 5, 2024.

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