Insider files Rule 144 to sell 12,500 APLD shares

Richard N. Nottenburg submitted a Rule 144 notice reporting the sale of 12,500 shares of Common Stock.

Rhea-AI Filing Summary

Richard N. Nottenburg submitted a Rule 144 notice reporting the sale of 12,500 shares of Common Stock. The filing lists a prior sale of 12,500 shares for $400,000 on 04/28/2026 and references restricted stock dated 05/13/2025. The record includes a share figure of 285,769,539 as of 04/30/2026.

Insights

Securities Compliance Counsel

Routine Rule 144 notice reporting an insider disposition.

Rule 144 filings notify the market of proposed or recent restricted/affiliate sales under resale conditions. This filing lists a 12,500-share transaction and a prior sale of 12,500 shares on 04/28/2026 for $400,000.

Timing and further sales depend on resale conditions and any holding-period or volume limitations; subsequent filings will disclose additional transactions.

Key Figures

Shares to be sold: 12,500 shares Recent sale proceeds: $400,000 Restricted stock date: 05/13/2025 +1 more

4 metrics

Shares to be sold 12,500 shares Listed under Securities To Be Sold

Recent sale proceeds $400,000 Proceeds from sale of 12,500 shares on 04/28/2026

Restricted stock date 05/13/2025 Date associated with the restricted shares

Shares referenced 285,769,539 Figure listed alongside 04/30/2026 in the filing

Key Terms

Rule 144, Restricted Stock, Form 144

3 terms

Rule 144 regulatory

"144: Securities To Be Sold"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Stock financial

"Restricted Stock | Issuer | 12500 | 05/13/2025"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/30/2026 - 04:07 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001166816
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	APPLIED DIGITAL CORPORATION
SEC File Number	001-31968
Address of Issuer	3811 Turtle Creek Boulevard, Suite 2100 Dallas TEXAS 75219
Phone	214-427-1704
Name of Person for Whose Account the Securities are To Be Sold	RICHARD N NOTTENBURG
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	12500	432396.25	285769539	04/30/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/13/2025	Restricted Stock	Issuer			12500	05/13/2025	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
RICHARD N NOTTENBURG 3811 Turtle Creek Boulevard, Suite 2100 Dallas TX 75219	Common	04/28/2026	12500	400000.00

144: Remarks and Signature

Remarks
Date of Notice	04/30/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Richard Norman Nottenburg
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)