0001144879-23-000103.txt : 20230413 0001144879-23-000103.hdr.sgml : 20230413 20230413103121 ACCESSION NUMBER: 0001144879-23-000103 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230412 FILED AS OF DATE: 20230413 DATE AS OF CHANGE: 20230413 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Cummins Wes CENTRAL INDEX KEY: 0001391935 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31968 FILM NUMBER: 23817387 MAIL ADDRESS: STREET 1: 4505 LORRAINE AVE CITY: DALLAS STATE: TX ZIP: 75205 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Applied Digital Corp. CENTRAL INDEX KEY: 0001144879 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 954863690 STATE OF INCORPORATION: NV FISCAL YEAR END: 0531 BUSINESS ADDRESS: STREET 1: 3811 TURTLE CREEK BLVD., SUITE 2125 CITY: DALLAS STATE: TX ZIP: 75219 BUSINESS PHONE: 214-556-2465 MAIL ADDRESS: STREET 1: 3811 TURTLE CREEK BLVD., SUITE 2125 CITY: DALLAS STATE: TX ZIP: 75219 FORMER COMPANY: FORMER CONFORMED NAME: Applied Blockchain, Inc. DATE OF NAME CHANGE: 20210423 FORMER COMPANY: FORMER CONFORMED NAME: Applied Science Products, Inc. DATE OF NAME CHANGE: 20110118 FORMER COMPANY: FORMER CONFORMED NAME: FLIGHT SAFETY TECHNOLOGIES INC DATE OF NAME CHANGE: 20020926 4 1 wf-form4_168139627075341.xml FORM 4 X0407 4 2023-04-12 0 0001144879 Applied Digital Corp. APLD 0001391935 Cummins Wes 3811 TURTLE CREEK BLVD, SUITE 2100 DALLAS TX 75219 1 1 1 0 CEO; Chairman 0 Common Stock 3689944 D Common Stock 17590238 I See Footnote. Common Stock 2023-04-12 4 P 0 25000 3.18 A 1970686 I See Footnote Restricted Stock Unit Common Stock 416667.0 416667 D Restricted Stock Unit Common Stock 600000.0 600000 D Includes 742,166 shares held in the Reporting Person's IRA. Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO. Constitutes the weighted average purchase price for multiple transactions reported on this line, having prices per share ranging from $3.10 to $3.24. The Reporting Person will provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding each separate transaction. Shares are held by B. Riley Asset Management, LLC, of which the Reporting Person is the President. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. 83,333 RSUs will vest on August 5, 2023, August 5, 2024, and February 5, 2025 and 83,334 RSUs will vest on February 5, 2024 and August 5, 2025. One-third of the RSUs will vest on April 4, 2024, and one-sixth of the RSUs will vest on each of October 4, 2024, April 4, 2025, October 4, 2025 and April 4, 2026. /s/ David Rench as Attorney-in-Fact 2023-04-13