4//SEC Filing
Mohmand Mohammad Saidal LaVanway 4
Accession 0001641172-25-003301
CIK 0001144879other
Filed
Apr 7, 8:00 PM ET
Accepted
Apr 8, 9:55 PM ET
Size
15.0 KB
Accession
0001641172-25-003301
Insider Transaction Report
Form 4
Mohmand Mohammad Saidal LaVanway
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2025-04-04$4.92/sh−19,886$97,839→ 242,074 total - Exercise/Conversion
Common Stock
2025-04-04+12,500→ 254,574 total - Tax Payment
Common Stock
2025-04-04$4.92/sh−3,044$14,976→ 251,530 total - Exercise/Conversion
Common Stock
2025-04-04+81,666→ 261,960 total - Exercise/Conversion
Restricted Stock Unit
2025-04-04−12,500→ 25,000 total→ Common Stock (12,500 underlying) - Exercise/Conversion
Restricted Stock Unit
2025-04-04−81,666→ 408,334 total→ Common Stock (81,666 underlying)
Footnotes (3)
- [F1]Restricted stock units ("RSUs") granted on October 17, 2024 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: 81,666 on April 4, 2025, 81,667 on each of October 4, 2025 and April 4, 2026, 81,666 on October 4, 2026, and 81,667 on each of April 4, 2027 and October 4, 2027, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
- [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 April 4, 2023 represent a contingent right to receive shares of common stock of the Issuer on a one-for-one basis. The RSUs have no expiration date and vest as follows: 25,000 on April 4, 2024 and 12,500 on each of October 4, 2024, April 4, 2025, October 4, 2025 and April 4, 2026, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
Documents
Issuer
Applied Digital Corp.
CIK 0001144879
Entity typeother
Related Parties
1- filerCIK 0002041154
Filing Metadata
- Form type
- 4
- Filed
- Apr 7, 8:00 PM ET
- Accepted
- Apr 8, 9:55 PM ET
- Size
- 15.0 KB