4//SEC Filing
Nottenburg Richard N 4
Accession 0001493152-24-048164
CIK 0001144879other
Filed
Nov 28, 7:00 PM ET
Accepted
Nov 29, 4:05 PM ET
Size
5.9 KB
Accession
0001493152-24-048164
Insider Transaction Report
Form 4
Nottenburg Richard N
Director
Transactions
- Sale
Common Stock
2024-11-27$9.20/sh−50,000$460,000→ 334,317 total
Footnotes (2)
- [F1]The Reportion Person is using the proceeds from the sale of these shares to pay income tax liability associated with the vesting of certain shares of restricted stock.
- [F2]Includes 300,000 shares of restricted stock granted to the Reporting Person on May 13, 2024 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 Issuer. The shares of restricted stock vest as follows: 100,000 shares on May 13, 2025 (the first anniversary of the grant date), 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 Applied Digital Cloud Corporation on each such date.
Documents
Issuer
Applied Digital Corp.
CIK 0001144879
Entity typeother
Related Parties
1- filerCIK 0001166816
Filing Metadata
- Form type
- 4
- Filed
- Nov 28, 7:00 PM ET
- Accepted
- Nov 29, 4:05 PM ET
- Size
- 5.9 KB