4//SEC Filing
Cummins Wes 4
Accession 0001641172-25-001402
CIK 0001144879other
Filed
Mar 27, 8:00 PM ET
Accepted
Mar 28, 9:00 PM ET
Size
7.6 KB
Accession
0001641172-25-001402
Insider Transaction Report
Form 4
Cummins Wes
DirectorCEO; Chairman
Transactions
- Other
Common Stock
2025-03-26−1,000,000→ 2,938,279 total
Holdings
- 17,590,238(indirect: See Footnote)
Common Stock
- 1,626,453(indirect: See Footnote)
Common Stock
Footnotes (4)
- [F1]Pursuant to a certain Membership Interest Purchase Agreement (the "Purchase Agreement"), dated March 26, 2025, by and between Lost River, LLC (the "Purchaser"), of which the Reporting Person is a member, and 1334 Partners, L.P. (the "Seller"), an entity which holds 100% of the membership interests in Beacon Partners LLC ("Beacon"), the Reporting Person shall transfer 1,000,000 shares of common stock of Applied Digital Corporation (the "Issuer") on behalf of the Purchaser to the Seller in exchange for 49% of the membership interests of Beacon and a $1,400,000 credit to the Purchaser's pro rata share of operating expenses of Beacon. The closing price of the Issuer's common stock prior to the signing of the Purchase Agreement was $7.44 per share.
- [F2]Includes 742,166 shares held in the Reporting Person's IRA
- [F3]Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.
- [F4]Shares are held by 272 Capital, LLC, of which the Reporting Person is the President.
Documents
Issuer
Applied Digital Corp.
CIK 0001144879
Entity typeother
Related Parties
1- filerCIK 0001391935
Filing Metadata
- Form type
- 4
- Filed
- Mar 27, 8:00 PM ET
- Accepted
- Mar 28, 9:00 PM ET
- Size
- 7.6 KB