Wes Cummins - 18 Jun 2024 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
18 Jun 2024
Transactions value $
$0
Form type
4
Filing time
21 Jun 2024, 16:45:08 UTC
Previous filing
24 May 2024
Next filing
07 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Other -404,233 -20% 1,626,453 18 Jun 2024 See Footnote F1, F2
holding APLD Common Stock 17,590,238 18 Jun 2024 See Footnote. F3
holding APLD Common Stock 3,964,764 18 Jun 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The 404,233 shares were indirectly held by 272 Capital, LLC ("272 Capital") pursuant to a certain Subadvisory Agreement with the investment manager of the relevant fund. The Reporting Person serves as President of 272 Capital. On June 18, 2024, the Subadvisory Agreement was terminated. As a result, the Reporting Person ceased having discretionary or voting authority with respect to the 404,233 shares.
F2 The 1,626,453 shares are held by 272 Capital.
F3 Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.
F4 Includes 742,166 shares held in the Reporting Person's IRA.