Transaction Details

Footnotes

Restricted stock units ("RSUs") granted on October 10, 2024 represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Issuer") on a one-for-one basis. The RSUs have no expiration date and vest as follows: 200,000 on October 10, 2025 and 100,000 on each of April 10, 2026, October 10, 2026, April 10, 2027 and October 10, 2027. | Includes 742,166 shares held in the Reporting Person's IRA. | Represents the withholding of shares of common stock of the Issuer for tax purposes in connection with the vesting of RSUs previously granted, which does not constitute an actual sale or other open market transaction. | Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO. | Shares are held by 272 Capital, LLC, of which the Reporting Person is the President.