4//SEC Filing
Cummins Wes 4
Accession 0001493152-25-005484
CIK 0001144879other
Filed
Feb 6, 7:00 PM ET
Accepted
Feb 7, 9:55 PM ET
Size
22.6 KB
Accession
0001493152-25-005484
Insider Transaction Report
Form 4
Cummins Wes
DirectorCEO; Chairman
Transactions
- Exercise/Conversion
Restricted Stock Unit
2025-02-05−83,333→ 83,334 total→ Common Stock (83,333 underlying) - Exercise/Conversion
Common Stock
2025-02-05+83,333→ 3,959,288 total - Tax Payment
Common Stock
2025-02-05$8.10/sh−21,009$170,173→ 3,938,279 total
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 272 Capital, LLC, of which the Reporting Person is the President.
Documents
Issuer
Applied Digital Corp.
CIK 0001144879
Entity typeother
Related Parties
1- filerCIK 0001391935
Filing Metadata
- Form type
- 4
- Filed
- Feb 6, 7:00 PM ET
- Accepted
- Feb 7, 9:55 PM ET
- Size
- 22.6 KB