REED KATE 4
4 · Applied Digital Corp. · Filed Nov 22, 2024
Insider Transaction Report
Form 4
REED KATE
Director
Transactions
- Disposition to Issuer
Common Stock
2024-11-20−15,650→ 341,510 total
Footnotes (2)
- [F1]Shares of restricted stock that were to vest on November 9, 2025 and November 9, 2026, subject to the Reporting Person being a director of Applied Digital Corporation (the "Company") through the applicable vesting date. As of November 20, 2024, the Reporting Person ceased being a director of the Company.
- [F2]Includes 300,000 restricted stock units ("RSUs") that represent a contingent right to receive one share of common stock. The RSUs vest as follows: 100,000 of the RSUs vest on June 28, 2025 and 50,000 of the RSUs vest on December 28, 2025, June 28, 2026, December 28, 2026 and June 28, 2027, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.