4//SEC Filing
Nottenburg Richard N 4
Accession 0001493152-24-052788
CIK 0001144879other
Filed
Dec 30, 7:00 PM ET
Accepted
Dec 31, 9:55 PM ET
Size
6.1 KB
Accession
0001493152-24-052788
Insider Transaction Report
Form 4
Nottenburg Richard N
Director
Transactions
- Award
Common Stock
2024-12-27+28,606→ 362,923 total
Footnotes (2)
- [F1]Restricted stock units ("RSUs") granted on December 27, 2024 to non-employee directors for board service. The RSUs convert into shares of common stock of Applied Digital Corporation (the "Issuer") on a one-for-one basis, have no expiration date, and vest in full on November 20, 2025, subject to the Reporting Person's continued service through such date.
- [F2]Includes 300,000 shares of restricted stock granted to the Reporting Person on May 13, 2024 in connection with the Reporting Person's service as the Chairman of the board of directors of Applied Digital Cloud Corporation, a subsidiary of the Issuer. The shares of restricted stock vest as follows: 100,000 shares on May 13, 2025 (the first anniversary of the grant date), 100,000 shares on May 13, 2026 (the second anniversary of the grant date) and 100,000 shares on May 13, 2027 (the third anniversary of the grant date), provided that the Reporting Person is a director of both the Issuer and Applied Digital Cloud Corporation on each such date.
Documents
Issuer
Applied Digital Corp.
CIK 0001144879
Entity typeother
Related Parties
1- filerCIK 0001166816
Filing Metadata
- Form type
- 4
- Filed
- Dec 30, 7:00 PM ET
- Accepted
- Dec 31, 9:55 PM ET
- Size
- 6.1 KB