[144] Applied Digital Corporation SEC Filing

Rhea-AI Filing Summary

Darling Ingredients Inc. (DAR) filed a Form 144 indicating that Randall Stuewe intends to sell up to 35,000 shares of the company’s common stock through J.P. Morgan Securities on or after 08/04/2025 on the NYSE. The proposed transaction is valued at approximately $1.10 million, based on the aggregate market value disclosed. With 158,158,847 shares outstanding, the planned sale represents roughly 0.02 % of total shares.

The shares were acquired via an employee stock award on 03/02/2023. The filer reports a previous sale of 40,000 shares on 05/19/2025 that generated $1.36 million in gross proceeds. No adverse, non-public information is asserted, and the filing may serve as a Rule 10b5-1 notice.

• Issuer: Darling Ingredients Inc.
• Insider: Randall Stuewe (relationship not explicitly stated in filing excerpt)
• Broker: J.P. Morgan Securities LLC
• Class: Common Stock
• Planned sale volume: 35,000 shares
• Outstanding shares: 158.16 million

Positive

• None.

Negative

• Insider selling: Randall Stuewe plans to sell 35,000 shares after selling 40,000 shares three months prior, which could be perceived as a bearish signal.

Insights

Securities Analyst

TL;DR: Small insider sale; signal modestly negative but immaterial to float.

The Form 144 discloses a planned disposition equal to 0.02 % of shares outstanding, following a 40 k share sale three months earlier. While insider selling—especially by a key executive—can raise sentiment concerns, the absolute size is negligible and proceeds suggest routine diversification rather than a strategic shift. No operational data or guidance accompanies the notice, so fundamental outlook remains unchanged.

Corporate Governance Expert

TL;DR: Filing fulfills Rule 144 transparency; transaction appears compliant.

The filer affirms no undisclosed material information and references potential Rule 10b5-1 coverage, indicating adherence to insider-trading safeguards. Timely disclosure reduces regulatory risk. Investors should monitor cumulative selling patterns but, given the minimal percentage, governance impact is limited.

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	13686	171075.00	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	11/09/2024	Restricted Stock	Issuer			13686	11/09/2024	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

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 Darling Ingredients (DAR) shares are being sold under this Form 144?

Up to 35,000 common shares are proposed for sale.

What is the estimated value of the planned DAR share sale?

The aggregate market value disclosed is approximately $1.10 million.

What percentage of Darling Ingredients’ outstanding shares does 35,000 represent?

Roughly 0.02 % of the 158,158,847 shares currently outstanding.

Who is the insider selling Darling Ingredients shares?

The filing lists Randall Stuewe as the seller.

When is the proposed sale date for the DAR shares?

On or after 08/04/2025.

Which broker will execute the sale of DAR shares?

The broker of record is J.P. Morgan Securities LLC.