ZHANG JASON 4
4 · Applied Blockchain, Inc. · Filed Nov 28, 2022
Insider Transaction Report
Form 4
Zhang Jason Gechen
President
Transactions
- Award
Restricted Stock Unit
2022-11-07+5,000,000→ 5,000,000 total→ Common Stock (5,000,000 underlying)
Holdings
- 3,256,426
Common Stock
Footnotes (3)
- [F1]Includes 100,000 shares of restricted stock granted as stock compensation for the Reporting Person's board service, 50,000 of which will vest on each of (i) April 1, 2022 or the date, if later, on which the SEC declares effective a registration statement covering the resale of the shares of restricted stock and (ii) April 1, 2023, so long as the Reporting Person is a director of the issuer on each such date.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
- [F3]4,386,848 of the RSUs vest on November 7, 2023, and the remaining 613,152 RSUs vest on November 7, 2024.