APLD holder to sell 165K Rule 144 shares

A shareholder of the issuer plans to sell 165,000 shares of common stock under Rule 144 through Morgan Stanley Smith Barney LLC on the NASDAQ exchange.

Rhea-AI Filing Summary

A shareholder of the issuer plans to sell 165,000 shares of common stock under Rule 144 through Morgan Stanley Smith Barney LLC on the NASDAQ exchange. The planned sale has an aggregate market value of $6,009,052.50, based on the figures provided, and is scheduled for approximately January 16, 2026. The filing notes that there were 279,585,823 shares of this class outstanding.

The shares to be sold were acquired as restricted stock from the issuer in two grants: 43,700 shares on October 4, 2024 and 121,300 shares on October 10, 2025, with payment described as not applicable, consistent with equity awards rather than cash purchases. The person on whose behalf the sale is made represents that they are not aware of undisclosed material adverse information about the issuer’s current or future operations.

FAQ

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

How many APLD shares are planned to be sold under this Rule 144 notice?

The notice covers a planned sale of 165,000 shares of common stock through Morgan Stanley Smith Barney LLC.

What is the reported market value of the APLD shares to be sold?

The filing reports an aggregate market value of $6,009,052.50 for the 165,000 common shares to be sold.

When is the planned sale date for the APLD Rule 144 shares?

The approximate date of sale listed is January 16, 2026, with the shares to be sold on the NASDAQ exchange.

How and when were the APLD shares being sold under Rule 144 acquired?

The shares were acquired as restricted stock from the issuer: 43,700 shares on October 4, 2024 and 121,300 shares on October 10, 2025.

How many APLD common shares were outstanding according to this notice?

The table states that 279,585,823 shares of common stock were outstanding for the issuer.

Does the person selling APLD shares claim to know any undisclosed negative information?

By signing the notice, the seller represents that they do not know of any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.

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

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Accepted by SEC EDGAR 01/16/2026 - 05:00 PM 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	0001391935
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	WES CUMMINS
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	Officer
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	165000	6009052.50	279585823	01/16/2026	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	10/04/2024	Restricted Stock	Issuer			43700	10/04/2024	Not Applicable
Common	10/10/2025	Restricted Stock	Issuer			121300	10/10/2025	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	01/16/2026
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/ Wesley Carl Cummins
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)