Applied Digital Corp. (APLD) CEO and Chairman Wes Cummins purchased 55,803 common shares at $18.04 per share on October 16, 2026. His reported post-transaction position was 5,874,453 shares, including 1,500,000 RSUs and 742,166 shares held in his IRA. No Rule 10b5-1 plan is reported. Separate indirect common-stock holdings are listed through Cummins Family Ltd. and 272 Capital.
Applied Digital Corp. President Jason Gechen Zhang purchased 300,000 shares of common stock on October 16, 2026, at a weighted average price of $18.86 per share; prices ranged from $18.40 to $19.16. His reported position after the purchase was 2,839,227 shares, with footnotes describing RSUs in that total as subject to vesting conditions. No Rule 10b5-1 plan is reported.
Applied Digital Corp. (APLD) director Richard N. Nottenburg sold 31,250 shares of common stock on October 13, 2026, at a weighted average price of $21.84 per share. The shares were sold in multiple transactions at prices ranging from $21.81 to $21.88, inclusive; no Rule 10b5-1 plan is reported.
His reported post-transaction position was 102,128 shares, including 7,747 restricted stock units granted on November 9, 2025. The units convert into common stock one-for-one and vest in full on November 5, 2026, subject to continued service through that date.
Applied Digital Corp. (APLD) CEO and Chairman Wes Cummins reported that 100,000 restricted stock units vested on October 10, 2026, converting one-for-one into 100,000 common shares. The derivative position was reported as 200,000 RSUs following the transaction.
Separately, 39,350 common shares were withheld for tax purposes at a reported $23.68 per share. The footnote says this was not an actual sale or other open-market transaction.
Applied Digital Corp. (APLD) director Richard Norman Nottenburg filed a notice of a proposed sale of 62,500 common shares, with an aggregate market value of $1,402,500.00 and an approximate sale date of October 13, 2026. Morgan Stanley Smith Barney LLC is listed as the broker. The shares were acquired May 5, 2026, through restricted-stock vesting under a registered plan. The notice also lists a prior sale of 75,000 shares on August 4, 2026, for $2,336,107.50.
Applied Digital Corp. reported total revenue of $341.9 million for the three months ended August 31, 2026, versus $80.9 million a year earlier. The quarter included $262.8 million of services and other revenue and $79.1 million of data center rental and other revenue, including certain one-time AI infrastructure hardware resale arrangements. Net loss was $184.1 million, compared with $16.9 million.
Operating activities provided $63.9 million, versus $81.5 million used a year earlier; investing activities used $2.083 billion, chiefly for property and equipment and other assets. Long-term debt, net, was $6.264 billion at August 31, 2026. Applied Digital's subsidiary APLD ComputeCo 3 LLC issued $1.59 billion of 7.000% senior secured notes due June 15, 2031. Proceeds were used or are intended to fund ELN-04 construction and related expenses, repay its bridge facility, fund debt service reserves and interest during construction, and pay transaction and operating expenses.
The Ekso business was classified as discontinued operations; Applied Digital recorded a $14.1 million impairment loss and completed the sale on September 30, 2026. Applied Digital was in compliance with applicable financial covenants under all outstanding debt arrangements as of August 31, 2026.
Applied Digital Corporation (APLD) reported fiscal first-quarter 2027 revenue of $341.9 million, up 322% from the prior-year comparable period. Net loss attributable to common stockholders from continuing operations was $221.0 million, versus $18.5 million. Non-GAAP measures, which exclude ChronoScale, included Adjusted EBITDA of $64.4 million versus $0.5 million, adjusted revenue of $300.4 million, and adjusted net loss of $4.1 million. As of August 31, cash, cash equivalents and restricted cash totaled $3.7 billion, and debt was $6.4 billion.
At quarter-end, leases covered approximately 1.41 GW of critical IT load across five campuses, representing approximately $36 billion of contracted revenue over initial base terms or approximately $86 billion if all renewal options are exercised. A subsidiary issued $1.59 billion of 7.000% senior secured notes due 2031, at par, to fund construction of a 150 MW Polaris Forge 1 building and repay a $300 million bridge facility. After quarter-end, a second 75 MW phase brought Polaris Forge 1 live capacity to 250 MW; the company also secured up to approximately 1 GW of potential power capacity in Finland.
Applied Digital Corp. (APLD) Chief Financial Officer Mohammad Saidal LaVanway Mohmand reported vesting 81,666 restricted stock units on October 4, 2026, converting them into 81,666 shares of common stock. The reported post-transaction RSU position was 163,334. Separately, 32,136 shares were withheld for tax purposes at $25.38 per share; the withholding was not an actual sale or other open-market transaction.
Applied Digital Corporation is asking stockholders to vote at its November 4, 2026 virtual annual meeting on six director nominees, ratification of CBIZ CPAs P.C. as auditor for the fiscal year ending May 31, 2027, an advisory vote on named executive compensation, and adjournment if needed. The Board recommends “FOR” each nominee and proposal. Common stockholders of record at the close of business on September 8, 2026 may vote; 299,094,373 shares were outstanding on that date.
Applied Digital reports that five leases signed in fiscal 2026 increased initial-term contracted revenue from $7 billion to approximately $36 billion, before customer renewal or expansion options; contracted critical IT load totaled 1.41 GW. The proxy describes five-year RSU and PSU awards for the CEO, President and CFO, with a 25/75 RSU-to-PSU ratio and a two-year post-vesting holding requirement for PSUs. The Compensation Committee says the awards reflect longer project cycles and reports that 52.6% of votes supported the 2025 say-on-pay proposal; stockholder feedback informed its fiscal 2026 compensation decisions.