Maniscalco Michael 4
4 · Applied Digital Corp. · Filed Feb 6, 2025
Insider Transaction Report
Form 4
Maniscalco Michael
Other
Transactions
- Exercise/Conversion
Restricted Stock Unit
2025-01-31−33,333→ 133,334 total→ Common Stock (33,333 underlying) - Exercise/Conversion
Common Stock
2025-01-31+33,333→ 161,192 total - Tax Payment
Common Stock
2025-01-31$7.12/sh−9,166$65,262→ 152,026 total
Footnotes (4)
- [F1]Restricted stock units ("RSUs") represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Issuer") on a one-for-one basis, cash or a combination thereof.
- [F2]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.
- [F3]RSUs granted on January 31, 2024, vesting as follows: 33,333 on each of July 31, 2024 and January 31, 2025, 33,334 on July 31, 2025, 33,333 on each of January 31, 2026 and July 31, 2026, and 33,334 on January 31, 2027, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date. Effective as of January 31, 2025, the Reporting Person has ceased being the Issuer's Chief Technology Officer.
- [F4]No expiration date.