Director at Array Digital (AD) receives 1,873-share equity award

Rhea-AI Filing Summary

ARRAY DIGITAL INFRASTRUCTURE, INC. director Williams Xavier reported receiving a grant of 1,873 Common Shares on 2026-05-19 at a reported price of $50.9100 per share. The transaction is coded as a grant, award, or other acquisition.

After this equity award, Xavier directly holds 8,735 Common Shares. A footnote explains that the shares were acquired pursuant to a compensation plan for non-employee directors, indicating this is part of the company’s standard director compensation program rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Williams Xavier

Role null

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

Holdings After Transaction: Common Shares — 8,735 shares (Direct, null)

Footnotes (1)

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Key Figures

Equity award size: 1,873 shares Recorded grant price: $50.9100 per share Post-transaction holdings: 8,735 shares

3 metrics

Equity award size 1,873 shares Common Shares granted on 2026-05-19

Recorded grant price $50.9100 per share Price per share for the 1,873-share award

Post-transaction holdings 8,735 shares Total Common Shares directly held after grant

Key Terms

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

4 terms

Grant, award, or other acquisition financial

"The transaction is coded as a 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

"Williams Xavier reported receiving a grant of 1,873 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^*

Williams Xavier

(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	8,735	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:

	Julie D. Mathews, 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 Williams Xavier?

ARRAY DIGITAL reported that director Williams Xavier received a grant of 1,873 Common Shares. The award was recorded on 2026-05-19 and is classified as a grant, award, or other acquisition rather than an open-market purchase.

At what price was Williams Xavier’s ARRAY DIGITAL (AD) share grant recorded?

The 1,873 Common Shares granted to Williams Xavier were recorded at a price of $50.9100 per share. This figure is disclosed as the transaction price per share for the non-derivative equity award reported in the Form 4.

How many ARRAY DIGITAL (AD) shares does Williams Xavier hold after this grant?

Following the reported grant, Williams Xavier directly holds 8,735 Common Shares of ARRAY DIGITAL. This post-transaction holding reflects the addition of the 1,873-share compensation award described in the insider transaction report.

Was Williams Xavier’s ARRAY DIGITAL (AD) transaction an open-market buy or a compensation award?

The transaction is a compensation-related equity award, not an open-market buy. It is coded as a grant or other acquisition and a footnote states the shares were acquired pursuant to a compensation plan for non-employee directors.

What does the Form 4 reveal about ARRAY DIGITAL (AD) director compensation?

The Form 4 shows ARRAY DIGITAL compensates non-employee directors with equity grants. Williams Xavier’s 1,873-share award, acquired under a compensation plan, illustrates how the company uses stock-based compensation for board members instead of solely cash payments.