Applied Digital Corp. 10-K

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Primary Market The Company's Common Stock is traded on the Nasdaq Global Select Market under the symbol "APLD." Holders As of May 31, 2025, we had approximately 105 shareholders of record of our common stock. Repurchases of Equity Securities by the Issuer and Affiliated Purchasers The following table sets forth information regarding our purchases of shares of our common stock during the year ended May 31, 2025: Period Total Number of Shares Purchased Average Price Paid per Share June 1, 2024 through August 31, 2024 ̶ ̶ September 1, 2024 through November 30, 2024 4,258,397 (1) $7.36 December 1, 2024 through February 28, 2025 ̶ ̶ March 1, 2025 through May 31, 2025 ̶ ̶ Total 4,258,397 (1) (1) In addition to the purchase of shares of common stock reflected in the above table, on October 30, 2024, in connection with the Convertible Notes offering, with an effective date of November 4, 2024, we entered into a transaction with a forward counterparty thereto (the “Counterparty”) pursuant to which, on or before November 3, 2025, the Counterparty is obligated to deliver to us an aggregate of 7,165,300 shares of our common stock (the “Prepaid Forward Transaction”). On October 30, 2024, in connection with the Prepaid Forward Transaction, we paid the Counterparty approximately $52.7 million, which equates to $7.36 per share of common stock. Recent Sales of Unregistered Securities During the fiscal year ended May 31, 2025, there were no unregistered sales of our securities except as previously reported in a Current Report on Form 8-K or a Quarterly Report on Form 10-Q. Item 6. [Reserved] 43