Laura Laltrello - Jan 6, 2025 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role: Chief Operating Officer
Signature: /s/ David Rench as Attorney-in-Fact
Stock symbol: APLD
Transactions as of: Jan 6, 2025
Transactions value $: $0
Form type: 4
Date filed: 1/8/2025, 09:55 PM
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	+600K		$0.00	600K	Jan 6, 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units ("RSUs") granted on January 6, 2025 represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis, have no expiration date, and vest as follows: one-third of the RSUs on January 6, 2026 and one-sixth of the RSUs on July 6, 2026, January 6, 2027, July 6, 2027 and January 6, 2028, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.

Content

Restricted stock units ("RSUs") granted on January 6, 2025 represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis, have no expiration date, and vest as follows: one-third of the RSUs on January 6, 2026 and one-sixth of the RSUs on July 6, 2026, January 6, 2027, July 6, 2027 and January 6, 2028, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.