Array Digital (AD) director awarded 1,873 shares at $50.91

Rhea-AI Filing Summary

ARRAY DIGITAL INFRASTRUCTURE, INC. director Esteban C. Iriarte acquired 1,873 Common Shares on May 19, 2026 as a grant under a compensation plan for non-employee directors. The shares are valued at $50.91 per share for reporting purposes, bringing his direct holdings to 11,426 Common Shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Iriarte Esteban C

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	1,873	$50.91	$95K

Holdings After Transaction: Common Shares — 11,426 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 1,873 shares Grant valuation price: $50.91 per share Shares owned after grant: 11,426 shares

3 metrics

Shares granted 1,873 shares Common Shares granted on May 19, 2026

Grant valuation price $50.91 per share Reported value for the 1,873-share grant

Shares owned after grant 11,426 shares Total direct Common Shares following the transaction

Key Terms

Grant, award, or other acquisition, compensation plan, non-employee directors, Common Shares

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

compensation plan financial

"Shares acquired pursuant to a compensation plan for non-employee directors."

non-employee directors financial

"Shares acquired pursuant to a compensation plan for non-employee directors."

Common Shares financial

"security_title: Common Shares"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Iriarte Esteban C

(Last) (First) (Middle)

500 W. MADISON STREET, SUITE 810

(Street)

CHICAGO ILLINOIS 60661

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ARRAY DIGITAL INFRASTRUCTURE, INC. [ AD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	05/19/2026		A(1)		1,873	A	$50.91	11,426	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares acquired pursuant to a compensation plan for non-employee directors.

Remarks:

	John M. Toomey, by power of atty.	05/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did ARRAY DIGITAL (AD) report for Esteban C. Iriarte?

ARRAY DIGITAL reported that director Esteban C. Iriarte received 1,873 Common Shares on May 19, 2026. The acquisition was coded as a grant or award, reflecting compensation rather than an open-market purchase of the company’s stock.

At what price were Esteban C. Iriarte’s ARRAY DIGITAL (AD) shares reported?

The 1,873 Common Shares granted to Esteban C. Iriarte were reported at $50.91 per share. This represents the per-share value used in the Form 4, consistent with the compensation grant disclosure for non-employee directors.

How many ARRAY DIGITAL (AD) shares does Esteban C. Iriarte hold after this grant?

Following the grant, Esteban C. Iriarte directly holds 11,426 Common Shares of ARRAY DIGITAL. This post-transaction figure on the Form 4 reflects his updated direct ownership after receiving the 1,873-share compensation award.

Was Esteban C. Iriarte’s ARRAY DIGITAL (AD) share acquisition an open-market purchase?

No, the acquisition was not an open-market purchase. The Form 4 footnote states the 1,873 shares were acquired pursuant to a compensation plan for non-employee directors, and the transaction code indicates a grant or award acquisition.

What does the transaction code on Esteban C. Iriarte’s ARRAY DIGITAL (AD) Form 4 mean?

The Form 4 uses transaction code A, described as a grant, award, or other acquisition. This indicates Esteban C. Iriarte received 1,873 Common Shares as part of director compensation rather than buying the shares on the open market.