[144] Applied Digital Corporation SEC Filing

Rhea-AI Filing Summary

Applied Digital Corp. (APLD) filed a Form 144 that discloses a proposed sale of 10,000 common shares through Morgan Stanley Smith Barney. At the filing’s stated value of $136,300, the transaction is modest.

The stock was obtained on 11 Nov 2023 via restricted-stock vesting under a company plan and may be sold on or after 4 Aug 2025 on the Nasdaq. With 261.5 million shares outstanding, the contemplated sale represents roughly 0.004 % of APLD’s equity. No other insider sales were reported during the past three months. Given its small size, the notice is viewed as immaterial to valuation or liquidity.

Insights

Securities Analyst

TL;DR: 10k-share Form 144 equals 0.004 % of float; unlikely to move APLD stock.

The filing signals an insider’s intent to monetize a portion of recently vested restricted stock. The dollar amount ($136k) and percentage of shares outstanding are negligible, implying minimal dilution and market impact. No pattern of continuous selling is evident, as the filer reports no sales over the previous three months. I view the event as neutral; it neither enhances nor undermines near-term fundamentals or corporate outlook.

Corporate Governance Expert

TL;DR: Routine Rule 144 notice; governance signals remain unchanged.

Form 144 filings are standard when insiders intend to sell restricted stock. Absence of concurrent adverse disclosures suggests the seller is complying with normal insider-trading protocols. Because the sale is small and pre-scheduled, it does not raise red-flags about governance or information asymmetry. Investors should continue to focus on substantive operational updates rather than this administrative notice.

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	10000	136300.00	261519794	08/04/2025	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	11/09/2023	Restricted stock vesting under a registered plan	Issuer			10000	11/09/2023	Services Rendered

* 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

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

How many APLD shares are covered by the Form 144 filing?

The notice covers 10,000 common shares of Applied Digital.

What is the estimated market value of the shares to be sold?

The filing lists an aggregate market value of $136,300 for the 10,000 shares.

When and how were these shares acquired by the insider?

They vested as restricted stock on 11 Nov 2023 under a registered company plan, in exchange for services rendered.

When is the insider planning to sell the shares?

The approximate sale date disclosed is 4 Aug 2025 via the Nasdaq.

How significant is this sale relative to Applied Digital’s share count?

With 261.5 million shares outstanding, the sale equals about 0.004 % of total shares—effectively immaterial.