[Form 3] Applied Digital Corporation Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Applied Digital Corp (APLD) insider disclosure shows Zhang Jason Gechen, identified as Chief Strategy Officer, directly beneficially owns 549,046 shares. The Form 3 reflects an event dated 08/08/2025 and was filed by one reporting person. No derivative securities were reported. Exhibit 24 notes a power of attorney and the form bears the signature of Mark Chavez as Attorney-in-Fact dated 08/12/2025.

Positive

• Direct disclosure of 549,046 common shares provides clear transparency on insider ownership
• Reporting person identified as Chief Strategy Officer, clarifying the insider role
• No derivative securities reported, simplifying assessment of economic exposure

Negative

• None.

Insights

Financial Analyst

Routine initial insider filing showing direct ownership of 549,046 shares; limited immediate market impact.

The filing is an initial Form 3 under Section 16 that discloses a direct beneficial holding of 549,046 common shares by Jason Gechen Zhang, the company's Chief Strategy Officer. There are no derivative positions reported, which means the disclosure covers only outright equity ownership. For investors, this is a transparency event rather than a transaction-driven disclosure; it documents current holdings but does not by itself indicate a change in position or trading intent.

Corporate Governance Expert

Form 3 meets basic Section 16 disclosure requirements; use of power of attorney is documented.

This filing lists the reporting person as an officer (Chief Strategy Officer) and confirms the Form was filed by a single reporting person. Exhibit 24 (Power of Attorney) and the signature by Mark Chavez as Attorney-in-Fact dated 08/12/2025 indicate the filing was executed through authorized representation. From a governance perspective, the document reflects compliance and transparency with insider reporting rules rather than governance changes.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Zhang Jason Gechen

(Last) (First) (Middle)

3811 TURTLE CREEK BOULEVARD

SUITE 2100

(Street)

DALLAS TX 75219

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/08/2025

3. Issuer Name and Ticker or Trading Symbol
Applied Digital Corp. [ APLD ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Strategy Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	549,046	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Mark Chavez as Attorney-in-Fact	08/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the APLD Form 3 disclose?

The Form 3 discloses that Zhang Jason Gechen directly beneficially owns 549,046 common shares of Applied Digital (APLD).

What is the reporting person's role at Applied Digital (APLD)?

The filing identifies the reporting person as an Officer with the title Chief Strategy Officer.

What is the date of the event requiring the Form 3 for APLD?

The date of the event requiring the statement is 08/08/2025.

Were any derivative securities reported in the Form 3 for APLD?

No. The filing reports no derivative securities in Table II.

Who signed the Form 3 and when was it signed?

The form is signed by Mark Chavez as Attorney-in-Fact and dated 08/12/2025; Exhibit 24 references a power of attorney.

Was the Form 3 filed by more than one reporting person?

No. The filing indicates Form filed by one reporting person.