APLD.NASDAQApplied Digital CORP

Form 4: Applied Digital Corp. Executive Michael Maniscalco Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Chief Technology Officer Michael Maniscalco reports the vesting of restricted stock units and subsequent tax withholding of shares.

Summary

  • Michael Maniscalco, Chief Technology Officer of Applied Digital Corp., reported transactions involving the company's common stock on July 31, 2024.
  • 33,333 restricted stock units (RSUs) vested, converting into common stock on a one-for-one basis.
  • 8,117 shares were withheld for tax purposes related to the RSU vesting at a price of $4.21 per share.
  • Following these transactions, Maniscalco directly owns 100,543 shares of Applied Digital Corp. common stock and 166,667 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and recent activities.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the change in the executive's holdings.

Key Dates

DateDescription
01/31/2024RSUs granted to Michael Maniscalco.
07/31/2024Vesting of 33,333 RSUs and tax withholding of 8,117 shares.
08/07/2024Date of Form 4 filing.
01/31/2025Next vesting date of 33,333 RSUs.
07/31/2025Next vesting date of 33,334 RSUs.
01/31/2026Next vesting date of 33,333 RSUs.
07/31/2026Next vesting date of 33,333 RSUs.
01/31/2027Next vesting date of 33,334 RSUs.

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