Form 4: Applied Digital Corp. Director Richard Nottenburg Reports Stock Sale and Holdings

Director Richard Nottenburg sold 20,000 shares of Applied Digital Corp. stock at $8.85 per share and still holds 342,923 shares.

Summary

• Richard Nottenburg, a director of Applied Digital Corp., reported a transaction involving the company's common stock on January 17, 2025.
• He sold 20,000 shares at a price of $8.85 per share.
• Following the transaction, Nottenburg directly owns 342,923 shares of common stock.
• This includes 28,606 restricted stock units (RSUs) granted on December 27, 2024, which vest on November 20, 2025.
• It also includes 300,000 shares of restricted stock granted on May 13, 2024, vesting in three annual installments starting May 13, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company directors and officers.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, depending on their perception of the director's actions.
• The vesting of restricted stock units and shares could potentially dilute existing shareholders' equity over time.

Key Dates