Form 4: Applied Digital Director Douglas Miller Reports Stock Sale and Gift Transactions

Douglas Miller, a director at Applied Digital Corp., reported the sale of 10,000 shares and gifting of 3,000 shares of common stock, according to a recent SEC Form 4 filing.

Summary

• On October 17, 2024, Douglas Miller, a director of Applied Digital Corporation, sold 10,000 shares of common stock at a weighted average price of $8.013 per share.
• On October 18, 2024, Miller gifted a total of 3,000 shares of common stock.
• Following these transactions, Miller directly owns 205,506 shares of Applied Digital Corp.
• Miller also holds 33,685 shares of restricted stock that will vest on November 9, 2024.
• A Power of Attorney was executed on October 21, 2024, appointing Wes Cummins, David Rench, and Mohammad Saidal LaVanway Mohmand as attorneys-in-fact for SEC filings.

Sentiment

Score: 5

Explanation: The document primarily reports transactions, with no clear positive or negative sentiment. The sale of shares could be interpreted in various ways, but without further context, a neutral score is appropriate.

Industry Context

Insider transactions are routinely monitored by investors to gauge sentiment and potential future performance. Sales may not always indicate a negative outlook, as they can be for personal financial management.

Stakeholder Impact

• Shareholders may react to the reported stock sale and gift transactions.

Key Dates