Form 4 for APLD Applied Digital Corp.
Accepted 2025-03-28 00:00:00 ET · period of report 2025-03-26 · accession 0001641172-25-001402 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-03-28 | 2025-03-26 | APLD | Cummins Wes | CEO, COB, Dir, 10% | J - Other | — | -1.00M | 2.94M | -25% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-03-26 | J | D | 1,000,000 | — | 2,938,279 | D | — | — | (F1) Pursuant to a certain Membership Interest Purchase Agreement (the "Purchase Agreement"), dated March 26, 2025, by and between Lost River, LLC (the "Purchaser"), of which the Reporting Person is a member, and 1334 Partners, L.P. (the "Seller"), an entity which holds 100% of the membership interests in Beacon Partners LLC ("Beacon"), the Reporting Person shall transfer 1,000,000 shares of common stock of Applied Digital Corporation (the "Issuer") on behalf of the Purchaser to the Seller in exchange for 49% of the membership interests of Beacon and a $1,400,000 credit to the Purchaser's pro rata share of operating expenses of Beacon. The closing price of the Issuer's common stock prior to the signing of the Purchase Agreement was $7.44 per share. (F2) Includes 742,166 shares held in the Reporting Person's IRA |