Form 4: Applied Digital Corp. Director Douglas S. Miller Reports Share Disposals and RSU Holdings

Director Douglas S. Miller of Applied Digital Corp. reported the disposal of 3,000 common shares and holding of 28,606 restricted stock units.

Summary

• Douglas S. Miller, a director at Applied Digital Corp., has reported a change in his beneficial ownership of the company's stock.
• On January 29, 2025, Miller disposed of 3,000 shares of common stock, with 1,500 shares disposed of in two separate transactions.
• The disposal of shares was not a sale, but a transfer, and the price was recorded as $0.
• Following these transactions, Miller's direct holdings decreased by 3,000 shares.
• Miller also holds 28,606 restricted stock units (RSUs) granted on December 27, 2024, which vest on November 20, 2025.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment.

Future Outlook

The restricted stock units will vest on November 20, 2025, subject to the director's continued service.

Industry Context

This is a standard SEC Form 4 filing, which is common for publicly traded companies when there are changes in beneficial ownership by directors or officers.

Comparison to Industry Standards

• Form 4 filings are a standard practice for all publicly traded companies in the US.
• The reporting of RSU grants and share disposals is consistent with SEC regulations.
• The vesting period of the RSUs is typical for director compensation packages.

Stakeholder Impact

• The change in ownership may be of interest to shareholders, but is not likely to have a significant impact on the company's operations.

Key Dates

Keywords

beneficial ownership, Form 4, director, restricted stock units, RSUs, share disposal, Applied Digital Corp., APLD, insider trading