David Rench - Apr 1, 2023 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Chief Financial Officer
Signature
David Rench
Stock symbol
APLD
Transactions as of
Apr 1, 2023
Transactions value $
-$11,364
Form type
4
Date filed
4/4/2023, 08:40 PM
Previous filing
Feb 7, 2023
Next filing
Aug 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Tax liability -$11.4K -5.07K -2.97% $2.24 166K Apr 1, 2023 Direct F1

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 Award $0 +210K $0.00 210K Apr 4, 2023 Common Stock 210K Direct F2, F4
holding APLD Restricted Stock Unit 208K Apr 1, 2023 Common Stock 208K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
F2 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F3 41,667 RSUs will vest on August 5, 2023, February 5, 2024, February 5, 2025, and August 5, 2025 and 41,666 RSUs will vest on August 5, 2024.
F4 One-third of the RSUs will vest on April 4, 2024, and one-sixth of the RSUs will vest on each of October 4, 2024, April 4, 2025, October 4, 2025 and April 4, 2026.