Filing Details

Accession Number:
0001144879-23-000107
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-04-17 10:49:06
Reporting Period:
2023-04-14
Accepted Time:
2023-04-17 10:49:06
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 2023-04-14 25,000 $3.50 2,020,686 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
  1. Includes 742,166 shares held in the Reporting Person's IRA.
  2. Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.
  3. Constitutes the weighted average purchase price for multiple transactions reported on this line, having prices per share ranging from $3.43 to $3.55. 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.
  4. Shares are held by B. Riley Asset Management, LLC, of which the Reporting Person is the President.
  5. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
  6. 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.
  7. 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.