Wes Cummins - 05 Aug 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
05 Aug 2024
Transactions value $
-$138,054
Form type
4
Date filed
07 Aug 2024, 21:27
Previous filing
21 Jun 2024
Next filing
08 Oct 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 Options Exercise +83.3K +2.1% 4.05M 05 Aug 2024 Direct F1, F2
transaction APLD Common Stock Tax liability -$138K -32.8K -0.81% $4.21 4.02M 05 Aug 2024 Direct F3
holding APLD Common Stock 17.6M 05 Aug 2024 See Footnote. F4
holding APLD Common Stock 1.63M 05 Aug 2024 See Footnote F5

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 Options Exercise $0 -83.3K -33.33% $0.00 167K 05 Aug 2024 Common Stock 83.3K Direct F1, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2 Includes 742,166 shares held in the Reporting Person's IRA.
F3 Represents the withholding of shares of the Company's common stock for tax purposes in connection with the vesting of RSUs previously granted.
F4 Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.
F5 Shares are held by B. Riley Asset Management, LLC, of which the Reporting Person is the President.
F6 RSUs granted on August 5, 2022, vesting as follows: 83,333 on each of February 5, 2023 and August 5, 2023, 83,334 on February 5, 2024, 83,333 on each of August 5, 2024 and February 5, 2025, and 83,334 on August 5, 2025.
F7 No expiration date.