Applied Digital COO reports tax share withholding

Applied Digital Corp. Chief Operating Officer Laura Laltrello reported a tax-related share withholding connected to restricted stock unit (RSU) vesting, not an open-market trade.

Rhea-AI Filing Summary

Applied Digital Corp. Chief Operating Officer Laura Laltrello reported a tax-related share withholding connected to restricted stock unit (RSU) vesting, not an open-market trade. On January 6, 2026, 82,764 shares of common stock were withheld at 30.2700 per share to satisfy tax obligations.

Following this withholding, Laltrello directly owned 517,236 shares of common stock. Footnotes explain this stems from RSUs that immediately vested and clarify the transaction was solely for tax purposes and did not constitute an actual sale.

Insider Trade Summary

Exercise Price or Tax Liability: 82,764 shares

Exercise Price or Tax Liability 1 txn

Insider Laltrello Laura

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	82,764	$30.27	$2.51M

Holdings After Transaction: Common Stock — 517,236 shares (Direct)

Footnotes (2)

1. F1. Represents the withholding of shares of common stock of Applied Digital Corporation (the "Company") for tax purposes in connection with the immediate vesting of the RSUs, which does not constitute an actual sale or other open market transaction.
2. F2. Includes 600,000 RSUs granted on January 6, 2025. The RSUs represent a contingent right to receive shares of common stock of the Company on a one-for-one basis, have no expiration date, and vest as follows: one-third of the RSUs vested on January 6, 2026 and one-sixth of the RSUs shall vest on July 6, 2026, January 6, 2027, July 6, 2027 and January 6, 2028, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.

FAQ

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

What did Applied Digital (APLD) COO Laura Laltrello report in this Form 4?

Laura Laltrello reported a tax-withholding disposition of 82,764 Applied Digital common shares tied to RSU vesting. The shares were withheld by the company to cover taxes and did not involve any open-market sale or cash proceeds from selling shares.

Was the Applied Digital (APLD) Form 4 a stock sale by the COO?

The Form 4 does not report an open-market stock sale. Instead, it shows 82,764 shares withheld for taxes when RSUs vested. Footnotes explicitly state this tax-withholding disposition does not constitute an actual sale or other open-market transaction by the Chief Operating Officer.

How many Applied Digital (APLD) shares does the COO hold after this transaction?

After the tax-withholding disposition, Laura Laltrello beneficially owned 517,236 shares of Applied Digital common stock directly. This figure reflects her holdings after 82,764 shares were withheld to satisfy tax liabilities associated with the vesting of restricted stock units on January 6, 2026.

What RSU grant underlies the Form 4 reported by Applied Digital (APLD) COO?

The Form 4 notes 600,000 RSUs granted on January 6, 2025. These units convert into common stock on a one-for-one basis, with one-third vesting January 6, 2026 and additional one-sixth tranches vesting on July 6 and January 6 dates through January 6, 2028.

How do the Applied Digital (APLD) COO’s RSUs vest over time?

One-third of the 600,000 RSUs vested on January 6, 2026. The remaining RSUs vest in four equal one-sixth installments on July 6, 2026, January 6, 2027, July 6, 2027, and January 6, 2028, if the COO continues employment with Applied Digital through each vesting date.

What is the reported price per share for the Applied Digital (APLD) tax-withholding transaction?

The tax-withholding disposition used a price of 30.2700 per Applied Digital common share. This price is reported for 82,764 shares withheld to satisfy tax liabilities on vested RSUs, and it forms the basis for calculating the value of shares used to pay those taxes.

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Accepted by SEC EDGAR 02/27/2026 - 04:48 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Laltrello Laura

(Last) (First) (Middle)

3811 TURTLE CREEK BOULEVARD

SUITE 2100

(Street)

DALLAS TX 75219

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/06/2026		F		82,764(1)	D	$30.27	517,236(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the withholding of shares of common stock of Applied Digital Corporation (the "Company") for tax purposes in connection with the immediate vesting of the RSUs, which does not constitute an actual sale or other open market transaction.

2. Includes 600,000 RSUs granted on January 6, 2025. The RSUs represent a contingent right to receive shares of common stock of the Company on a one-for-one basis, have no expiration date, and vest as follows: one-third of the RSUs vested on January 6, 2026 and one-sixth of the RSUs shall vest on July 6, 2026, January 6, 2027, July 6, 2027 and January 6, 2028, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.

Remarks:

	/s/ Mark Chavez as Attorney-in-Fact	02/27/2026
	** 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 4 (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.