Filing Details
- Accession Number:
- 0001144879-23-000103
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-04-13 10:31:21
- Reporting Period:
- 2023-04-12
- Accepted Time:
- 2023-04-13 10:31:21
- 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 | 2023-04-12 | 25,000 | $3.18 | 1,970,686 | 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 | 3,689,944 | 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 | ||
| Common Stock | Restricted Stock Unit | $0.00 | 600,000 | 600,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 416,667 | 416,667 | Direct | |
| 600,000 | 600,000 | Direct |
Footnotes
- Includes 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 $3.10 to $3.24. 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.
- One-third of the RSUs will vest on April 4, 2024, and one-sixth of the RSUs will vest on each of October 4, 2024, April 4, 2025, October 4, 2025 and April 4, 2026.
Billionaire Hedge Funds
