Filing Details
- Accession Number:
- 0001144879-23-000063
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-02-10 11:10:41
- Reporting Period:
- 2023-02-09
- Accepted Time:
- 2023-02-10 11:10:41
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1144879 | Applied Digital Corp. | APLD | Finance Services (6199) | 954863690 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1391935 | Wes Cummins | 3811 Turtle Creek Blvd, Suite 2100 Dallas TX 75219 | Ceo; Chairman | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-02-09 | 25,000 | $3.22 | 1,870,686 | No | 4 | P | Indirect | See Footnote |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Indirect | See Footnote |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 3,705,163 | Direct | |
| Common Stock | 17,590,238 | Indirect | See Footnote. |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Unit | $0.00 | 416,667 | 416,667 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 416,667 | 416,667 | Direct |
Footnotes
- Includes (i) 62,500 shares of restricted stock which will vest on April 1, 2023, and (ii) 742,166 shares held in the Reporting Person's IRA.
- Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.
- Constitutes the weighted average purchase price for multiple transactions reported on this line, having prices per share ranging from $3.11 to $3.34. The Reporting Person will provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding each separate transaction.
- Shares are held by B. Riley Asset Management, LLC, of which the Reporting Person is the President.
- Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- 83,333 RSUs will vest on August 5, 2023, August 5, 2024, and February 5, 2025 and 83,334 RSUs will vest on February 5, 2024 and August 5, 2025.
Billionaire Hedge Funds
