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Filing Details

Accession Number:: 0001493152-24-041354
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-10-16 21:50:05
Reporting Period:: 2024-10-14

Accepted Time:: 2024-10-16 21:50:05
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1144879	Applied Digital Corp.	APLD	Services-Computer Processing & Data Preparation (7374)	954863690

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1166816	N Richard Nottenburg	3811 Turtle Creek Boulevard Suite 2100 Dallas TX 75219		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2024-10-14	80,000	$7.37	433,686	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Footnotes

The Reportion Person is using the proceeds primarily to pay income tax liability associated with the vesting of the subject securities.
Constitutes the weighted average sales price for multiple transactions reported on this line, having prices per share ranging from $7.33 to $7.545. The Reporting Person will provide upon request by the Securities and Exchange Commission Staff, Applied Digital Corporation (the "Company") or a security holder of the Company, full information regarding each separate transaction.
Includes 33,685 shares of restricted stock granted to the Reporting Person on November 9, 2023 for his service as a non-employee director on the Company's board of directors. These shares of restricted stock will vest in full on November 9, 2024 (the first anniversary of the grant date).
On May 13, 2024, 300,000 shares of restricted stock were granted to the Reporting Person in connection with the Reporting Person's service as the Chairman of the board of directors of Applied Digital Cloud Corporation, a subsidiary of the Company. 100,000 shares of restricted stock under the grant vested on May 13, 2025 (the first anniversary of the grant date). The remaining 200,000 shares of restricted stock under the grant vest as follows: 100,000 shares on May 13, 2026 (the second anniversary of the grant date) and 100,000 shares on May 13, 2027 (the third anniversary of the grant date), provided that the Reporting Person is a director of both the issuer and the subsidiary of the issuer set forth in the applicable award agreement on each such date.