Planned 12,000 share sale by issuer insider (NASDAQ: APLD) filing

Rhea-AI Filing Summary

Richard N. Nottenburg filed a Rule 144 notice to sell 12,000 shares of common stock. The shares are to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services, with an aggregate market value of $425,406.00, and an approximate sale date of 01/15/2026 on the NASDAQ exchange. The filing states that 279,585,823 shares of the issuer’s common stock are outstanding.

The 12,000 shares being sold were acquired on 11/20/2025 as restricted stock from the issuer, with the same date listed for payment and the nature of payment noted as not applicable. The notice also lists recent sales over the past three months by Nottenburg, including 34,375 common shares sold on 10/24/2025 for $1,142,281.25 and 11,606 shares on 01/14/2026 for $409,481.73. By signing, the seller represents that he is not aware of undisclosed material adverse information about the issuer.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	12000	425406.00	279585823	01/15/2026	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	11/20/2025	Restricted Stock	Issuer			12000	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

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	10/31/2025	9375	336626.25
RICHARD N NOTTENBURG 3811 Turtle Creek Boulevard, Suite 2100 Dallas TX 75219	Common	10/30/2025	5000	173992.00
RICHARD N NOTTENBURG 3811 Turtle Creek Boulevard, Suite 2100 Dallas TX 75219	Common	10/24/2025	34375	1142281.25
RICHARD N NOTTENBURG 3811 Turtle Creek Boulevard, Suite 2100 Dallas TX 75219	Common	01/14/2026	11606	409481.73

144: Remarks and Signature

Remarks

Date of Notice

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the APLD Rule 144 filing disclose about planned share sales?

The filing shows that Richard N. Nottenburg plans to sell 12,000 shares of common stock under Rule 144. These shares have an aggregate market value of $425,406.00, with an approximate sale date of 01/15/2026 on the NASDAQ exchange.

How were the 12,000 APLD shares being sold under Rule 144 acquired?

The 12,000 common shares to be sold were acquired on 11/20/2025 as restricted stock from the issuer. The filing lists the date of payment as 11/20/2025 and describes the nature of payment as Not Applicable.

Which broker is handling the planned Rule 144 sale for APLD shares?

The planned sale of 12,000 common shares is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004, with the shares listed for trading on NASDAQ.

How many APLD shares are reported as outstanding in this Rule 144 notice?

The notice states that the number of common shares outstanding is 279,585,823. This figure provides a baseline for the issuer’s total common stock as referenced in the document.

What APLD share sales has Richard N. Nottenburg made in the past 3 months?

The filing lists several recent sales of common stock by Richard N. Nottenburg in the past three months, including 34,375 shares sold on 10/24/2025 for $1,142,281.25, 5,000 shares on 10/30/2025 for $173,992.00, 9,375 shares on 10/31/2025 for $336,626.25, and 11,606 shares on 01/14/2026 for $409,481.73.

What representation does the seller make in the APLD Rule 144 notice?

By signing the notice, the person for whose account the securities are to be sold represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed. The form also warns that intentional misstatements or omissions may constitute federal criminal violations under 18 U.S.C. 1001.