Cummins Wes 4
4 · Applied Digital Corp. · Filed Aug 7, 2025
Insider Transaction Report
Form 4
Cummins Wes
DirectorCEO; Chairman
Transactions
- Exercise/Conversion
Common Stock
2025-08-05+83,334→ 3,092,171 total - Tax Payment
Common Stock
2025-08-05$14.89/sh−32,792$488,273→ 3,059,379 total - Exercise/Conversion
Restricted Stock Unit
2025-08-05−83,334→ 0 total→ Common Stock (83,334 underlying)
Holdings
- 17,590,238(indirect: See Footnote.)
Common Stock
- 1,626,453(indirect: See Footnote)
Common Stock
Footnotes (5)
- [F1]Restricted stock units ("RSUs") granted on August 5, 2022 represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Issuer") on a one-for-one basis. The RSUs have no expiration date and vest as follows: 83,333 on each of February 5, 2023 and August 5, 2023, 83,334 on February 5, 2024, 83,333 on each of August 5, 2024 and February 5, 2025, and 83,334 on August 5, 2025.
- [F2]Includes 742,166 shares held in the Reporting Person's IRA.
- [F3]Represents the withholding of shares of common stock of the Issuer for tax purposes in connection with the vesting of RSUs previously granted, which does not constitute an actual sale or other open market transaction.
- [F4]Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.
- [F5]Shares are held by B. Riley Asset Management, LLC, of which the Reporting Person is the President.