REED KATE 4
4 · Applied Digital Corp. · Filed Jul 2, 2024
Insider Transaction Report
Form 4
REED KATE
Director
Transactions
- Award
Common Stock
2024-06-28+300,000→ 357,160 total
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock. RSUs will vest as follows: 100,000 of the RSUs shall vest on the first (1st) anniversary of the grant date and 50,000 of the RSUs shall vest on each six (6) month anniversary thereafter, such that the RSUs will be vested in full on the third (3rd) anniversary of the grant date.
- [F2]Includes (i) 33,685 shares of restricted stock that vest on November 9, 2024 and (ii) 23,475 shares of restricted stock as an initial grant upon initiation of board service. These shares will vest a third on each of November 9, 2024, 2025, and 2026 so long as the Reporting Person is a director of the issuer on such date.