RENCH DAVID 4/A
4/A · Applied Digital Corp. · Filed Nov 21, 2024
Insider Transaction Report
Form 4/AAmended
RENCH DAVID
Chief Financial Officer
Transactions
- Award
Restricted Stock Unit
2024-11-15+490,000→ 490,000 total→ Common Stock (490,000 underlying)
Footnotes (3)
- [F1]Restricted stock units ("RSUs") granted on November 15, 2024 represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis, cash or a combination thereof.
- [F2]The RSUs have no expiration date and vest in six equal installments on each of December 1, 2024, June 1, 2025, December 1, 2025, June 1, 2026, December 1, 2026 and June 1, 2027, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.
- [F3]On November 19, 2024, the Reporting Person filed a Form 4 (the "Original Form 4") to report the RSUs. This Form 4/A is being filed to amend and restate the Original Form 4 to note the vesting terms of the RSUs.