Applied Digital Corp. - Director's Dealing 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Applied Blockchain, Inc. (APLD)
CIK: 0001144879
Period of Report: 2023-02-05

Reporting Person: INGEL REGINA (CMO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-05	Common Stock	M	16666	—	Acquired	106848	Direct
2023-02-05	Common Stock	F	4879	$3.29	Disposed	101969	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-05	Restricted Stock Unit	$	M	16666	Disposed		Common Stock (16666.0)	Direct

F1: Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.

F2: Includes 12,500 shares of restricted stock which will vest on April 1, 2023

F3: Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.

F4: 16,667 RSUs will vest on August 5, 2023, February 5, 2024, February 5, 2025, and August 5, 2025 and 16,666 RSUs will vest on August 5, 2024.