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Applied Digital Corp. director Richard N. Nottenburg reported selling 75,000 shares of common stock on August 4, 2026 at a weighted average price of $31.15 per share, in multiple trades between $31.00 and $31.22. Following these sales, he directly owns 133,378 shares, including 7,747 restricted stock units granted November 9, 2025 that vest in full on November 5, 2026, converting into common stock on a one-for-one basis subject to his continued service.
Applied Digital Corp. Chief Financial Officer Mohammad Saidal LaVanway reported several equity compensation events. On July 31, 2026, 245,000 performance stock units vested into common shares, and 96,408 shares were withheld at $27.39 per share to satisfy tax obligations, which the company notes was not an open-market sale. On August 4, 2026, he received 13,408 additional shares distributed from 272 Capital, LP. Footnotes also describe 250,000 restricted stock units granted on February 6, 2026 that vest over five years, beginning with 50,000 RSUs on February 6, 2027 and 25,000 RSUs every six months thereafter, subject to continued full-time employment.
Applied Digital Corp. CEO and Chairman Wes Cummins reported several equity events. On July 31, 2026 he received 1,600,000 shares of common stock upon vesting of PSUs granted March 27, 2025, and the company withheld 629,600 shares at $27.39 to cover related tax obligations. The report also notes 1,500,000 RSUs granted January 6, 2026 with a multi‑year vesting schedule, 742,166 shares held in his IRA, and an August 4, 2026 distribution of 714,685 shares by 272 Capital LP, where he served as President, classified as an “other acquisition or disposition” rather than an open‑market trade.
Applied Digital Corp. Chief Operating Officer Laura Laltrello reported equity compensation activity on July 31, 2026. She received 600,000 shares of common stock upon vesting of previously granted performance stock units, and 260,640 shares were withheld at $27.39 per share to satisfy tax obligations, which the filing notes was not an open-market sale.
A footnote also describes a remaining 600,000 restricted stock units grant from January 6, 2025, with no expiration date, vesting in tranches through January 6, 2028, contingent on her continued employment.
Applied Digital Corp. president Jason Gechen Zhang received 600,000 shares of common stock on July 31, 2026 through the vesting of performance stock units granted March 27, 2025. On the same date, 236,100 shares were withheld at $27.39 per share to cover tax obligations related to that vesting, rather than sold in the open market. He also holds unvested restricted stock units from August 8, 2025 and February 6, 2026 that each convert into common shares on a one-for-one basis and vest over several years, subject to continued full-time employment or accelerated vesting under specified conditions.
APLD reports a planned resale of 75,000 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services, with an aggregate market value of $2,336,107.50. Shares outstanding are listed as 291,469,000. The shares relate to restricted stock vesting under a registered plan on 05/05/2026, with a proposed sale date of 08/04/2026.
Vanguard Portfolio Management LLC, together with certain affiliates, reports beneficial ownership of 13,768,802 shares of Applied Digital Corp common stock, representing 4.81% of the class as of June 30, 2026. Vanguard has sole voting power over 39,990 shares and sole dispositive power over 13,768,802 shares, with no shared voting or dispositive power.
The position reflects securities held by Vanguard funds and managed accounts over which Vanguard Portfolio Management or specified affiliates exercise dispositive and/or voting power. No other single person’s interest in these securities exceeds 5% of the class.
Applied Digital Corporation designs, builds, owns and operates large-scale data centers for high-performance computing workloads such as AI and machine learning. It has pivoted from blockchain hosting to a proprietary AI-focused “factory” model and now reports two segments: HPC Hosting and legacy Data Center Hosting, while also consolidating cloud subsidiary ChronoScale.
As of May 31, 2026, long-term leases covered 1,410 MW of contracted critical IT load across five Polaris Forge and Delta Forge campuses, representing approximately $36.2 billion of take-or-pay, non-cancellable revenue over initial 15-year terms, anchored by CoreWeave and several investment-grade hyperscalers. Around 1.5 GW of capacity is contracted and operating or under construction, supported by an active power pipeline of over 3 GW, more than 5 GW of extended opportunities and 1.2 GW of planned gas-fired generation with partner Base Electron.
Legacy hosting for a single crypto-mining customer (286 MW) and a small number of hyperscale tenants create pronounced customer concentration. The company highlights substantial capital needs and debt with restrictive covenants, construction and power-supply risks, North Dakota geographic concentration, evolving AI and energy regulation, and continued consolidation of ChronoScale’s results as key uncertainties.
Applied Digital Corporation reported rapid growth but remained loss-making for fiscal 2026. Revenue from continuing operations reached $258.7 million in the fourth quarter and $611.3 million for the year, up 407% and 167% from prior-year periods, driven mainly by tenant fit-out and rental income from new HPC hosting facilities.
Net loss attributable to common stockholders from continuing operations was $110.6 million in Q4 and $249.2 million for the year, or $0.39 and $0.91 per share. Excluding ChronoScale and other adjustments, adjusted revenue was $240.4 million in Q4 and $539.7 million for the year, with adjusted net income of $12.9 million and $36.1 million and adjusted EBITDA of $42.4 million and $107.2 million.
The HPC Hosting Business had 1,410 MW of contracted critical IT load across five campuses, representing approximately $36 billion of base-term lease revenue, and generated fourth-quarter segment operating profit of $26.2 million. The company ended May 31, 2026 with $4.2 billion in cash, cash equivalents and restricted cash and $5.0 billion of debt.
BlackRock, Inc. reports beneficial ownership of 12,199,793 shares of APPLIED DIGITAL CORP common stock on an amended Schedule 13G, representing 4.3% of the class as of the reporting date. These shares are held by certain BlackRock business units grouped as the “Reporting Business Units.”
BlackRock has sole voting power over 11,664,055 shares and sole dispositive power over 12,199,793 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no single person is entitled to more than five percent of the company’s outstanding common shares.