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Applied Digital Corp. — Director's Dealing 2023
Jan 24, 2023
30923_dirs_2023-01-24_4fe66479-149a-4c9f-a8c8-426f62815f02.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Applied Blockchain, Inc. (APLD)
CIK: 0001144879
Period of Report: 2023-01-23
Reporting Person: Cummins Wes (Director, CEO; Chairman, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-01-23 | Common Stock | P | 25000 | $2.33 | Acquired | 1720686 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3621830 | Direct |
| Common Stock | 17590238 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Unit | $ | Common Stock (500000.0) | 500000 | Direct |
Footnotes
F1: Includes (i) 62,500 shares of restricted stock which will vest on April 1, 2023, and (ii) 742,166 shares held in the Reporting Person's IRA.
F2: Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.
F3: Constitutes the weighted average purchase price for multiple transactions reported on this line, having prices per share ranging from $2.28 to $2.39. 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.
F4: Shares are held by B. Riley Asset Management, LLC, of which the Reporting Person is the President.
F5: Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
F6: One-sixth (1/6) of the RSUs vest on each of February 5 and August 5 of each of 2023, 2024 and 2025.