RENCH DAVID 4
4 · Applied Digital Corp. · Filed Apr 8, 2024
Insider Transaction Report
Form 4
RENCH DAVID
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2024-04-04−70,000→ 140,000 total→ Common Stock (70,000 underlying) - Exercise/Conversion
Common Stock
2024-04-04+70,000→ 297,490 total - Tax Payment
Common Stock
2024-04-04$3.27/sh−17,045$55,737→ 280,445 total
Holdings
- 125,000
Restricted Stock Unit
→ Common Stock (125,000 underlying)
Footnotes (4)
- [F1]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- [F2]Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
- [F3]One-sixth of the RSUs will vest on each of October 4, 2024, April 4, 2025, October 4, 2025 and April 4, 2026.
- [F4]41,667 RSUs will vest on each February 5, 2025 and August 5, 2025 and 41,666 RSUs will vest on August 5, 2024.