Array Digital Infrastructure (AD) CEO reports deferred bonus share payout and tax withholding

Rhea-AI Filing Summary

Array Digital Infrastructure, Inc. reported an insider equity transaction by its President and CEO, who is also a director. On 01/02/2026, the reporting person received 5,022 Common Shares through a payout of deferred bonuses invested in phantom stock under the Array Long-Term Incentive Plan, recorded as transaction code M. On the same date, 1,355 Common Shares were withheld (code F) to cover taxes due in connection with this deferred compensation settlement.

After these transactions, the reporting person directly owned 8,274 Common Shares and held 4,489 derivative securities related to deferred compensation. The filing notes that the price on January 2, 2026 was used to determine the payout for the deferred bonus shares and that a total of 3,948 of these shares are vested.

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

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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^*

Carlson Anthony J

(Last) (First) (Middle)

500 W. MADISON STREET, SUITE 810

(Street)

CHICAGO IL 60661

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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

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

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

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	01/02/2026		M(1)		5,022	A	$54	9,629	D
Common Shares	01/02/2026		F(2)		1,355	D	$54	8,274	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
Deferred Compensation	(1)	01/02/2026		M(1)			5,022	(1)	(1)	Common Shares	5,022	(1)	4,489	D

Explanation of Responses:

1. Payout of deferred bonuses. Reporting person deferred a portion of his bonuses pursuant to the Array Long-Term Incentive Plan. The deferred bonuses has been invested in phantom stock now representing Common Shares. The price on January 2, 2026, was used to determine the payout for the deferred bonus shares. A total of 3,948 are vested.

2. Withholding of Common Shares as settlement for taxes due in connection with settlement of the deferred compensation payout

Remarks:

	Julie D Mathews, by power of atty	01/06/2026
	** 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.
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FAQ

What insider transaction did Array Digital Infrastructure (AD) disclose?

The company disclosed that its President and CEO, who is also a director, received 5,022 Common Shares on 01/02/2026 from a payout of deferred bonuses invested in phantom stock under the Array Long-Term Incentive Plan.

How many Array Digital Infrastructure (AD) shares were withheld for taxes?

The filing reports that 1,355 Common Shares were withheld as settlement for taxes due in connection with the deferred compensation payout, recorded as transaction code F on 01/02/2026.

How many Array Digital Infrastructure (AD) shares does the insider own after the transaction?

Following the reported transactions, the insider beneficially owned 8,274 Common Shares directly, as shown in Table I of the filing.

What is the source of the 5,022 Array Digital Infrastructure (AD) shares reported?

The 5,022 Common Shares came from a payout of deferred bonuses that had been invested in phantom stock representing Common Shares under the Array Long-Term Incentive Plan, with the price on January 2, 2026 used to determine the payout.

How many derivative securities related to deferred compensation remain for the insider at AD?

After the transaction, the insider held 4,489 derivative securities related to deferred compensation, as disclosed in Table II.

What roles does the reporting person hold at Array Digital Infrastructure (AD)?

The reporting person is both a director and an officer, serving as President and CEO of Array Digital Infrastructure, Inc.

Was the Array Digital Infrastructure (AD) insider transaction linked to deferred compensation?

Yes. The filing explains that the reporting person deferred a portion of bonuses into phantom stock, which now represents Common Shares, and that the reported share payout reflects the settlement of this deferred compensation.