Wes Cummins - 12 Apr 2022 Form 3 Insider Report for Applied Blockchain, Inc. (APLD)

Role: CEO & Chairman, Director, 10%+ Owner
Signature: /s/ David Rench as attorney-in-fact
Issuer symbol: APLD
Transactions as of: 12 Apr 2022
Transactions value $: $0
Form type: 3
Filing time: 12 Apr 2022, 19:35:03 UTC
Previous filing: 25 Feb 2022
Next filing: 17 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	APLD	Common Stock						3.62M	12 Apr 2022	Direct	F1
holding	APLD	Common Stock						17.6M	12 Apr 2022	See Footnote	F2

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

Explanation of Responses:

Id	Content
F1	Includes (i) 500,000 shares of restricted stock, of which 250,000 will vest on April 1, 2022 or, if later, the date that a registration statement including the resale of such shares is declared effective by the SEC (the "Later Date"), and 62,500 will vest on each of July 1, 2022, October 1, 2022, January 1 2023 and April 1, 2023, or in each case, if later, the Later Date, and (iii) 742,166 shares held in the Reporting Person's IRA.
F2	Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.

Content

Includes (i) 500,000 shares of restricted stock, of which 250,000 will vest on April 1, 2022 or, if later, the date that a registration statement including the resale of such shares is declared effective by the SEC (the "Later Date"), and 62,500 will vest on each of July 1, 2022, October 1, 2022, January 1 2023 and April 1, 2023, or in each case, if later, the Later Date, and (iii) 742,166 shares held in the Reporting Person's IRA.

Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.

Remarks:

All share numbers reflect a 1-for-6 reverse stock split effected on April 12, 2022.