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Cummins Wes – ‘4’ for 4/4/24 re: Applied Digital Corp.

On:  Monday, 4/8/24, at 4:41pm ET   ·   For:  4/4/24   ·   As:  Director, Officer and 10% Owner   ·   Accession #:  1144879-24-72   ·   File #:  1-31968

Previous ‘4’:  ‘4’ on 2/6/24 for 2/5/24   ·   Latest ‘4’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/08/24  Cummins Wes                       4          D,O,%Owner  1:9K   Applied Digital Corp.             Applied Digital Corp.

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML      9K 
                Securities by an Insider --                                      
                wk-form4_1712608891.xml/5.8


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
SEC Info℠ rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider — wk-form4_1712608891.xml/5.8
 

The SEC has not released XSLT Stylesheets needed to render this File’s XML Data as a Form.

This is our “Plain Text” rendering:
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0508
Document Type:  4
Period of Report:  4/4/24
Not Subject to Section 16:  0
Issuer:
Issuer CIK:  1144879
Issuer Name:  Applied Digital Corp.
Issuer Trading Symbol:  APLD
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1391935
Owner Name:  Cummins Wes
Reporting Owner Address:
Owner Street 1:  3811 TURTLE CREEK BOULEVARD
Owner Street 2:  SUITE 2100
Owner City:  DALLAS
Owner State:  TX
Owner ZIP Code:  75219
Owner State Description:
Reporting Owner Relationship:
Is Director?  Yes
Is Officer?  Yes
Is Ten Percent Owner?  Yes
Is Other?  No
Officer Title:  CEO; Chairman
Aff 10b5 One:  0
Non-Derivative Table:
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  4/4/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  200,000
Transaction Price Per Share:
Footnote ID:  F1
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  4,013,877
Footnote ID:  F2
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  4/4/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  F
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  49,113
Footnote ID:  F3
Transaction Price Per Share:
Value:  3.27
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  3,964,764
Footnote ID:  F2
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Holding:
Security Title:
Value:  Common Stock
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  17,590,238
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  See Footnote.
Footnote ID:  F4
Non-Derivative Holding:
Security Title:
Value:  Common Stock
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  2,030,686
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  See Footnote
Footnote ID:  F5
Derivative Table:
Derivative Transaction:
Security Title:
Value:  Restricted Stock Unit
Conversion or Exercise Price:
Footnote ID:  F1
Transaction Date:
Value:  4/4/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  200,000
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F6
Expiration Date:
Footnote ID:  F6
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  200,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  400,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Restricted Stock Unit
Conversion or Exercise Price:
Footnote ID:  F1
Exercise Date:
Footnote ID:  F7
Expiration Date:
Footnote ID:  F7
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  250,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  250,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Footnotes:
Footnote - F1:  Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
Footnote - F2:  Includes 742,166 shares held in the Reporting Person's IRA.
Footnote - F3:  Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
Footnote - F4:  Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.
Footnote - F5:  Shares are held by 272 Capital, LLC, of which the Reporting Person is the President.
Footnote - F6:  One-sixth of the RSUs will vest on each of October 4, 2024, April 4, 2025, October 4, 2025 and April 4, 2026.
Footnote - F7:  83,333 RSUs will vest on each August 5, 2024, and February 5, 2025 and 83,334 RSUs will vest on August 5, 2025.
Remarks:
Owner Signature:
Signature Name:  /s/ David Rench as Attorney-in-Fact
Signature Date:  4/8/24


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