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

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
06 Feb 2025, 21:55:15 UTC
Prior SEC filing
08 Oct 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Michael Maniscalco

Key filing fact

Michael Maniscalco filed Form 4 for Applied Digital Corp. (APLD) on 06 Feb 2025.

Key facts

  • This page summarizes Michael Maniscalco's Form 4 filing for Applied Digital Corp. (APLD).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 06 Feb 2025, 21:55.

Change

  • Previous filing in this sequence was filed on 08 Oct 2024.
  • Current net transaction value: -$65,262.

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
+33,333
Change %
+26%
Price
Shares after
161,192
Date
31 Jan 2025
Ownership
Direct
Footnotes
F1
APLD transaction

Common Stock

Tax liability

Transaction value
$65,262
Shares
-9,166
Change %
-5.7%
Price
$7.12
Shares after
152,026
Date
31 Jan 2025
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
-33,333
Change %
-20%
Price
$0.000000
Shares after
133,334
Date
31 Jan 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
33,333
Exercise price
Footnotes
F1, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Michael Maniscalco is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F4

No expiration date.

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