Applied Digital Director Sells $2.6 Million in Stock Amid 400% Rally
Chuck Hastings, a director at Applied Digital Corporation (NASDAQ:APLD), reported selling 75,000 shares of the AI data center firm in multiple open-market transactions on Wednesday and Friday, according to an SEC Form 4 filing.
The transaction value is based on the SEC Form 4 weighted average purchase price, while the post-transaction value is based on the price as of market close on Friday.
What proportion of Chuck Hastings' direct holdings was sold in this transaction?
This disposition represented 15% of his direct ownership immediately before the trades.
Source Fool.com