KATE REED - 28 Jun 2024 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Director
Signature
/s/ David Rench as Attorney-in-Fact
Issuer symbol
APLD
Transactions as of
28 Jun 2024
Net transactions value
$0
Form type
4
Filing time
02 Jul 2024, 08:09:37 UTC
Previous filing
11 Jan 2024
Next filing
22 Nov 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 Award $0 +300,000 +525% $0.000000 357,160 28 Jun 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock. RSUs will vest as follows: 100,000 of the RSUs shall vest on the first (1st) anniversary of the grant date and 50,000 of the RSUs shall vest on each six (6) month anniversary thereafter, such that the RSUs will be vested in full on the third (3rd) anniversary of the grant date.
F2 Includes (i) 33,685 shares of restricted stock that vest on November 9, 2024 and (ii) 23,475 shares of restricted stock as an initial grant upon initiation of board service. These shares will vest a third on each of November 9, 2024, 2025, and 2026 so long as the Reporting Person is a director of the issuer on such date.

Remarks:

Exhibit 24 - Power of Attorney