Mohammad Saidal LaVanway Mohmand - Apr 4, 2025 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Chief Financial Officer
Signature
/s/ Mark Chavez as Attorney-in-Fact
Stock symbol
APLD
Transactions as of
Apr 4, 2025
Transactions value $
-$112,816
Form type
4
Date filed
4/8/2025, 09:55 PM
Previous filing
Feb 7, 2025
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 +81.7K +45.3% 262K Apr 4, 2025 Direct F1
transaction APLD Common Stock Tax liability -$97.8K -19.9K -7.59% $4.92 242K Apr 4, 2025 Direct F2
transaction APLD Common Stock Options Exercise +12.5K +5.16% 255K Apr 4, 2025 Direct F3
transaction APLD Common Stock Tax liability -$15K -3.04K -1.2% $4.92 252K Apr 4, 2025 Direct 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
transaction APLD Restricted Stock Unit Options Exercise $0 -81.7K -16.67% $0.00 408K Apr 4, 2025 Common Stock 81.7K Direct F1
transaction APLD Restricted Stock Unit Options Exercise $0 -12.5K -33.33% $0.00 25K Apr 4, 2025 Common Stock 12.5K Direct F1, F3
* 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 October 17, 2024 represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Issuer") on a one-for-one basis. The RSUs have no expiration date and vest as follows: 81,666 on April 4, 2025, 81,667 on each of October 4, 2025 and April 4, 2026, 81,666 on October 4, 2026, and 81,667 on each of April 4, 2027 and October 4, 2027, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
F2 Represents the withholding of shares of common stock of the Issuer for tax purposes in connection with the vesting of RSUs previously granted, which does not constitute an actual sale or other open market transaction.
F3 RSUs granted on April 4, 2023 represent a contingent right to receive shares of common stock of the Issuer on a one-for-one basis. The RSUs have no expiration date and vest as follows: 25,000 on April 4, 2024 and 12,500 on each of October 4, 2024, April 4, 2025, October 4, 2025 and April 4, 2026, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.