APLD Form 144: 12,500 Restricted Shares Notice

APLD submitted a Form 144 reporting the proposed sale of 12,500 shares of Common Stock via Morgan Stanley Smith Barney LLC.

Rhea-AI Filing Summary

APLD submitted a Form 144 reporting the proposed sale of 12,500 shares of Common Stock via Morgan Stanley Smith Barney LLC. The filing lists 7,500 shares tied to a 05/13/2025 restricted-stock grant and 5,000 shares tied to a 11/20/2025 restricted-stock grant.

Insights

Securities Compliance Analyst

Form 144 notice of proposed resale of restricted shares; procedural disclosure.

Form 144 is a regulatory notice used to report proposed sales under resale rules. The filing lists two restricted-stock lots totaling 12,500 shares, with specific grant/vesting dates provided.

Cash‑flow treatment and execution method are not stated in the excerpt; subsequent filings or broker reports would show whether and when the sales occur.

Key Figures

Total shares listed: 12,500 shares Restricted grant 1: 7,500 shares Restricted grant 2: 5,000 shares +2 more

5 metrics

Total shares listed 12,500 shares aggregate number shown on the notice

Restricted grant 1 7,500 shares listed with date 05/13/2025

Restricted grant 2 5,000 shares listed with date 11/20/2025

Broker listed Morgan Stanley Smith Barney LLC broker/agent named on the Form 144 notice

Exchange NASDAQ exchange field shown in the excerpt

Key Terms

Restricted Stock, Form 144, Selling Broker

3 terms

Restricted Stock financial

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

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.

Selling Broker market

"Morgan Stanley Smith Barney LLC Executive Financial Services"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does APLD's Form 144 report?

It reports a proposed resale of 12,500 shares of Common Stock. The filing lists 7,500 and 5,000 shares tied to two restricted‑stock grants dated 05/13/2025 and 11/20/2025, respectively.

Who is the broker handling the sale in APLD's Form 144?

Morgan Stanley Smith Barney LLC is listed as the broker/agent on the notice. The filing shows the broker's address and identifies the security as Common Stock for resale via that broker.

Does the Form 144 confirm the shares were already sold?

No. The Form 144 is a notice of a proposed resale, not proof of sale. The excerpt lists the shares intended for sale; it does not show completed transactions or proceeds received.

How many restricted‑stock grants are listed on the APLD Form 144?

Two restricted‑stock grants are listed: one dated 05/13/2025 for 7,500 shares and one dated 11/20/2025 for 5,000 shares. The total proposed sale equals 12,500 shares.

Is the dollar value of the proposed sale provided in the filing?

The excerpt does not clearly label a total dollar proceeds figure for the proposed sale. The filing text includes numeric fields, but no explicit aggregate sale proceeds are stated in the provided excerpt.

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

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Accepted by SEC EDGAR 04/28/2026 - 04:09 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	400000.00	285769539	04/28/2026	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			7500	05/13/2025	Not Applicable
Common	11/20/2025	Restricted Stock	Issuer			5000	11/20/2025	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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	04/28/2026
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)