David Rench - Aug 5, 2024 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Chief Financial Officer
Signature
David Rench
Stock symbol
APLD
Transactions as of
Aug 5, 2024
Transactions value $
-$42,715
Form type
4
Date filed
8/7/2024, 09:26 PM
Previous filing
Apr 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Options Exercise +41.7K +14.86% 322K Aug 5, 2024 Direct F1
transaction APLD Common Stock Tax liability -$42.7K -10.1K -3.15% $4.21 312K Aug 5, 2024 Direct F2

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 Options Exercise $0 -41.7K -33.33% $0.00 83.3K Aug 5, 2024 Common Stock 41.7K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2 Represents the withholding of shares of the Company's common stock for tax purposes in connection with the vesting of RSUs previously granted.
F3 RSUs granted on August 5, 2022. Vesting as follows: 41,666 on February 5, 2023, 41,667 on each of August 5, 2023 and February 5, 2024, 41,666 on August 5, 2024, and 41,667 on each of February 5, 2025 and August 5, 2025.
F4 No expiration date.