Form 4: Applied Digital Corp. Executive Michael Maniscalco Reports Stock Transactions
SEC Form 4
Michael Maniscalco, Chief Technology Officer of Applied Digital Corp., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On October 4, 2024, Michael Maniscalco, the Chief Technology Officer of Applied Digital Corp., had 12,500 restricted stock units (RSUs) vest and convert into common stock.
- He also had 3,044 shares withheld for tax purposes related to the vesting of these RSUs at a price of $7.45 per share.
- Following these transactions, Maniscalco directly owns 127,859 shares of Applied Digital Corp. common stock and 37,500 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of RSUs and subsequent tax withholding has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/04/2023 | Date RSUs were granted, vesting in installments. |
| 10/04/2024 | Date of transaction: vesting of 12,500 RSUs and tax withholding. |
| 04/04/2024 | 25,000 RSUs vested. |
| 04/04/2025 | 12,500 RSUs will vest. |
| 10/04/2025 | 12,500 RSUs will vest. |
| 04/04/2026 | 12,500 RSUs will vest. |
| 10/08/2024 | Date of signature on the Form 4. |
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