Applied Digital director proposes $1.4M share sale

The proposed shares are listed as acquired through restricted-stock vesting under a registered plan; the notice also records a prior sale in the preceding three months.

Rhea-AI Filing Summary

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.

Key Figures

Proposed shares for sale: 62,500 common shares Aggregate market value: $1,402,500.00 Approximate sale date: October 13, 2026 +3 more

6 metrics

Proposed shares for sale 62,500 common shares Proposed sale

Aggregate market value $1,402,500.00 Proposed sale

Approximate sale date October 13, 2026 Proposed sale

Shares acquired through restricted-stock vesting 62,500 shares May 5, 2026

Shares sold in prior three months 75,000 shares August 4, 2026

Reported amount for prior sale $2,336,107.50 August 4, 2026

Key Terms

Rule 144, Restricted Stock Vesting Under a Registered Plan, Securities To Be Sold

3 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144"

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 Vesting Under a Registered Plan financial

"Restricted Stock Vesting Under a Registered Plan"

Securities To Be Sold regulatory

"144: Securities To Be Sold"

FAQ

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

How many APLD shares is Richard Norman Nottenburg proposing to sell?

Richard Norman Nottenburg, an Applied Digital director, reported 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.

How many APLD shares did Richard Norman Nottenburg sell in the prior three months?

The notice lists a sale of 75,000 shares on August 4, 2026, for $2,336,107.50 during the prior three months.

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

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Available on EDGAR 10/13/2026 - 04:10 PM EDT Accepted by SEC EDGAR 10/13/2026 - 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	62500	1402500.00	302387140	10/13/2026	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	05/05/2026	Restricted Stock Vesting Under a Registered Plan	Issuer			62500	05/05/2026	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	08/04/2026	75000	2336107.50

144: Remarks and Signature

Remarks
Date of Notice	10/13/2026
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)