Form 4: Applied Digital CFO David Rench Reports Stock Transactions

David Rench, CFO of Applied Digital Corp., reports the vesting of restricted stock units and subsequent tax withholding of shares.

Summary

• On October 4, 2024, David Rench, the CFO of Applied Digital Corp., reported transactions involving the company's common stock.
• 35,000 restricted stock units (RSUs) vested and converted into common stock on a one-for-one basis.
• 11,385 shares were withheld for tax purposes related to the RSU vesting at a price of $7.45 per share.
• Following these transactions, Rench directly owns 335,580 shares of Applied Digital Corp. common stock and 105,000 restricted stock units.
• The RSUs were granted on April 4, 2023, and vest in installments.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors monitor these filings to gain insights into management's perspective on the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates