Applied Digital Corp. CEO Wes Cummins' Stock Transactions and Holdings

The SEC filing details the stock transactions and holdings of Wes Cummins, the CEO and Chairman of Applied Digital Corp. (APLD). The filing includes information on restricted stock units (RSUs) granted to Cummins, which vest over a period from February 2023 to August 2025. The RSUs represent a contingent right to receive shares of common stock on a one-for-one basis. The filing also reports the withholding of shares for tax purposes in connection with the vesting of RSUs, which does not constitute an actual sale. Additionally, the filing discloses Cummins' indirect ownership of shares through Cummins Family Ltd. and B. Riley Asset Management, LLC. As of the report date, Cummins directly and indirectly owns a significant number of shares in the company.