AI assistant
Applied Digital Corp. — Director's Dealing 2025
Mar 29, 2025
30923_dirs_2025-03-28_086d1eed-7df6-4dd3-a7ec-acdae10674ae.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Applied Digital Corp. (APLD)
CIK: 0001144879
Period of Report: 2025-03-26
Reporting Person: Cummins Wes (Director, CEO; Chairman, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-26 | Common Stock | J | 1000000 | — | Disposed | 2938279 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 17590238 | Indirect |
| Common Stock | 1626453 | Indirect |
Footnotes
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.