Jason Gechen Zhang - 07 Nov 2022 Form 4 Insider Report for Applied Blockchain, Inc. (APLD)

Role
Director
Signature
/s/ David Rench as Attorney-in-Fact
Issuer symbol
APLD
Transactions as of
07 Nov 2022
Transactions value $
$0
Form type
4
Filing time
28 Nov 2022, 17:42:59 UTC
Previous filing
12 Apr 2022
Next filing
12 Aug 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding APLD Common Stock 3.26M 07 Nov 2022 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 +5M $0.00 5M 07 Nov 2022 Common Stock 5M Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jason Gechen Zhang is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Includes 100,000 shares of restricted stock granted as stock compensation for the Reporting Person's board service, 50,000 of which will vest on each of (i) April 1, 2022 or the date, if later, on which the SEC declares effective a registration statement covering the resale of the shares of restricted stock and (ii) April 1, 2023, so long as the Reporting Person is a director of the issuer on each such date.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
F3 4,386,848 of the RSUs vest on November 7, 2023, and the remaining 613,152 RSUs vest on November 7, 2024.

Remarks:

This form is being filed late due to an administrative oversight.