Cummins Amends Applied Digital Stake

TL;DR

Wesley Cummins filed an amendment on 11/29/24 regarding his APLD holdings. Details to follow.

AI Summary

Wesley Cummins, through an amendment filed on November 29, 2024, has updated his beneficial ownership of Applied Digital Corp. (APLD). The filing indicates a change in the reporting person's holdings, though specific new dollar amounts or exact share counts are not detailed in this amendment summary. This filing is an amendment to a previous Schedule 13D.

Why It Matters

Changes in beneficial ownership filings like this can signal shifts in major shareholder sentiment or strategy, potentially impacting the stock price of Applied Digital Corp.

Risk Assessment

Risk Level: medium — Schedule 13D filings often involve significant shareholders, and changes can indicate strategic moves or potential market impact.

Key Numbers

• 2 — Amendment Number (Indicates this is the second amendment to the original filing.)

Key Players & Entities

• Wesley Cummins (person) — Reporting Person
• Applied Digital Corp. (company) — Subject Company
• 0001493152-24-048172 (filing_id) — Accession Number
• 20241129 (date) — Filing Date

FAQ

Key Financial Figures

• $0.001 — relates to the common stock, par value $0.001 per share (the “ Common Stock &rd
• $1,663,900 — rice of the purchases was approximately $1,663,900, paid from working capital of BRAM. The
• $9.20 — of Common Stock at a price per share of $9.20 in connection with a private transactio

Filing Documents

• formsc13da.htm (SC 13D/A) — 81KB
• ex1.htm (EX-1) — 52KB
• 0001493152-24-048172.txt ( ) — 135KB

for additional information

Item 5 for additional information. Explanatory Note This Amendment No. 2 (this “ Amendment ”) amends and supplements the Schedule 13D filed by the Reporting Person with the Securities and Exchange Commission (the “ SEC ”) on April 21, 2022 (the “ Schedule 13D ”) and the Amendment No. 1 to the Schedule 13D filed by the Reporting Person with the SEC on December 5, 2022 (the “ Amendment No. 1 ”). Except as specifically provided herein, this Amendment does not modify or amend any of the information previously reported on the Schedule 13D or the Amendment No. 1. Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Schedule 13D or the Amendment No. 1, as applicable. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable. Item 1. Security and Issuer. Item 1 of the Schedule 13D is hereby amended and restated as follows: This Schedule 13D relates to the common stock, par value $0.001 per share (the “ Common Stock ”), issued by Applied Digital Corporation (f/k/a Applied Blockchain, Inc.) (the “ Issuer ”). The Issuer’s principal executive office is located at 3811 Turtle Creek Blvd., Suite 2100, Dallas, TX 75219. Item 2. Identity and Background. Item 2 of the Schedule 13D is hereby amended and restated as follows: Wesley Cummins (the “ Reporting Person ”) is an individual who is the Chairman and Chief Executive Officer of the Issuer, having a principal business address located at c/o Applied Digital Corporation, 3811 Turtle Creek Blvd., Suite 2100, Dallas, TX 75219. During the last five years, the Reporting Person has not been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding w

Signatures

Signatures After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct. DATED: November 29, 2024 By: /s/ Wesley Cummins Wesley Cummins