Form 4: Applied Digital Corp. CFO Mohmand Saidal LaVanway Reports Stock Transactions
SEC Form 4
Chief Financial Officer Mohmand Saidal LaVanway of Applied Digital Corp. reports the vesting and tax withholding of restricted stock units.
Summary
- Mohammad Saidal LaVanway, CFO of Applied Digital Corp., filed a Form 4 detailing changes in beneficial ownership.
- On April 4, 2025, LaVanway vested 81,666 restricted stock units (RSUs) and 12,500 RSUs.
- The vesting of RSUs resulted in the acquisition of 81,666 and 12,500 shares of common stock.
- A total of 19,886 shares were withheld for tax purposes at a price of $4.92 per share related to the vesting of the 81,666 RSUs.
- An additional 3,044 shares were withheld for tax purposes at a price of $4.92 per share related to the vesting of the 12,500 RSUs.
- Following these transactions, LaVanway directly owns 251,530 shares of Applied Digital Corp. common stock and 433,334 RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't indicate a significant positive or negative sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/04/2023 | Date of grant for some of the RSUs that vested on April 4, 2025. |
| 10/17/2024 | Date of grant for some of the RSUs that vested on April 4, 2025. |
| 04/04/2025 | Date of RSU vesting and related stock transactions. |
| 04/08/2025 | Date of Form 4 filing. |
| 10/04/2025 | Future vesting date for additional RSUs. |
| 04/04/2026 | Future vesting date for additional RSUs. |
| 10/04/2026 | Future vesting date for additional RSUs. |
| 04/04/2027 | Future vesting date for additional RSUs. |
| 10/04/2027 | Future vesting date for additional RSUs. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, APLD, Applied Digital Corp., Mohmand Saidal LaVanway, CFO, Stock Transactions
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