APLD.NASDAQApplied Digital CORP
Form 4: Applied Digital Corp. CFO David Rench Reports Stock Transactions
Sentiment:
SEC Form 4 Filing
David Rench, CFO of Applied Digital Corp., reports the vesting of restricted stock units and subsequent tax withholding of shares.
Summary
- On August 5, 2024, David Rench, the CFO of Applied Digital Corp., reported transactions involving the company's common stock.
- 41,666 restricted stock units (RSUs) vested and converted into common stock on a one-for-one basis.
- 10,146 shares were withheld for tax purposes at a price of $4.21 per share in connection with the vesting of the RSUs.
- Following these transactions, Rench directly owns 311,965 shares of Applied Digital Corp. common stock and 83,334 restricted stock units.
Sentiment
Score: 5
Explanation: The document simply reports stock transactions related to RSU vesting, which is a routine event. Therefore, the sentiment is neutral.
Key Dates
| Date | Description |
|---|---|
| 08/05/2022 | Date RSUs were granted |
| 02/05/2023 | First vesting date of RSUs (41,666) |
| 08/05/2023 | Second vesting date of RSUs (41,667) |
| 02/05/2024 | Third vesting date of RSUs (41,667) |
| 08/05/2024 | Date of reported transactions: RSU vesting and tax withholding |
| 02/05/2025 | Next vesting date of RSUs (41,667) |
| 08/05/2025 | Final vesting date of RSUs (41,667) |
| 08/07/2024 | Date of signature on the Form 4 |
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