RENCH DAVID 4
4 · Applied Digital Corp. · Filed Aug 8, 2023
Insider Transaction Report
Form 4
RENCH DAVID
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2023-08-05−41,667→ 166,667 total→ Common Stock (41,667 underlying) - Exercise/Conversion
Common Stock
2023-08-05+41,667→ 207,664 total - Tax Payment
Common Stock
2023-08-05$7.79/sh−10,146$79,037→ 197,518 total
Holdings
- 210,000
Restricted Stock Unit
→ Common Stock (210,000 underlying)
Footnotes (4)
- [F1]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- [F2]Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
- [F3]41,667 RSUs will vest on August 5, 2023, February 5, 2024, February 5, 2025, and August 5, 2025 and 41,666 RSUs will vest on August 5, 2024.
- [F4]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.