Wes Cummins - 17 May 2023 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
CEO; Chairman, Director, 10%+ Owner
Signature
/s/ David Rench as Attorney-in-Fact
Issuer symbol
APLD
Transactions as of
17 May 2023
Transactions value $
$61,700
Form type
4
Filing time
17 May 2023, 14:36:36 UTC
Previous filing
16 May 2023
Next filing
22 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Purchase $61,700 +10,000 +0.49% $6.17 2,030,686 17 May 2023 See Footnote F3, F4
holding APLD Common Stock 3,689,944 17 May 2023 Direct F1
holding APLD Common Stock 17,590,238 17 May 2023 See Footnote. 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
holding APLD Restricted Stock Unit 416,667 17 May 2023 Common Stock 416,667 Direct F5, F6
holding APLD Restricted Stock Unit 416,667 17 May 2023 Common Stock 600,000 Direct F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 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.
F3 Constitutes the weighted average purchase price for multiple transactions reported on this line, having prices per share ranging from $6.03 to $6.27. The Reporting Person will provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding each separate transaction.
F4 Shares are held by B. Riley Asset Management, LLC, of which the Reporting Person is the President.
F5 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F6 83,333 RSUs will vest on August 5, 2023, August 5, 2024, and February 5, 2025 and 83,334 RSUs will vest on February 5, 2024 and August 5, 2025.
F7 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.