Applied Digital grants director Benson 14,450 stock units

The 14,450 RSUs vest in full on November 4, 2027, subject to the director's continued service through that date.

Available on EDGAR 11/06/2026 - 08:20 AM EST Accepted by SEC EDGAR 11/06/2026 - 08:19 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Applied Digital Corp. director Ella G. Benson received a grant of 14,450 restricted stock units (RSUs) on November 4, 2026, for board service. The RSUs convert into common shares one-for-one and vest in full on November 4, 2027, subject to her continued service through that date. Her reported direct holdings after the grant were 82,872 shares.

Insider Trade Summary

Grant/Award: 14,450 shares

Grant/Award 1 txn

Insider Benson Ella G.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	14,450	$0.00	$0.00

Holdings After Transaction: Common Stock — 82,872 shares (Direct)

Holdings Before and After: Common Stock, 68,422 to 82,872 shares (Direct)

Footnotes (2)

1. F1. Restricted stock units ("RSUs") granted on November 4, 2026 to non-employee directors for board service. The RSUs convert into shares of common stock of Applied Digital Corporation (the "Issuer") on a one-for-one basis, have no expiration date, and vest in full on November 4, 2027, subject to the Reporting Person's continued service through such date.
2. F2. Includes 60,976 shares of restricted stock granted on May 6, 2024, as an initial grant upon initiation of board service. Of these shares, 20,326 vested on April 30, 2025, 20,325 vested on April 30, 2026, and 20,325 will vest on April 30, 2027, subject to the Reporting Person being a director of the Issuer on such date.

Key Figures

Restricted stock units granted: 14,450 RSUs Direct holdings after grant: 82,872 shares RSU conversion ratio: One-for-one +1 more

4 metrics

Restricted stock units granted 14,450 RSUs Granted November 4, 2026, for board service

Direct holdings after grant 82,872 shares Reported following the November 4, 2026 transaction

RSU conversion ratio One-for-one Each RSU converts into one common share

RSU vesting date November 4, 2027 Vests in full, subject to continued service

Key Terms

restricted stock units ("RSUs"), one-for-one basis, vest in full

3 terms

restricted stock units ("RSUs") financial

"Restricted stock units ("RSUs") granted on November 4, 2026"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

one-for-one basis financial

"convert into shares of common stock ... on a one-for-one basis"

vest in full financial

"vest in full on November 4, 2027"

FAQ

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

How many RSUs did APLD director Ella G. Benson receive?

Ella G. Benson received a grant of 14,450 RSUs on November 4, 2026, for board service. The units convert into common shares one-for-one and vest in full on November 4, 2027, subject to her continued service through that date.

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

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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^*

Benson Ella G.

(Last) (First) (Middle)

3811 TURTLE CREEK BOULEVARD

SUITE 2100

(Street)

DALLAS TEXAS 75219

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2026

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

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

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

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	11/04/2026		A		14,450(1)	A	$0	82,872(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. Restricted stock units ("RSUs") granted on November 4, 2026 to non-employee directors for board service. The RSUs convert into shares of common stock of Applied Digital Corporation (the "Issuer") on a one-for-one basis, have no expiration date, and vest in full on November 4, 2027, subject to the Reporting Person's continued service through such date.

2. Includes 60,976 shares of restricted stock granted on May 6, 2024, as an initial grant upon initiation of board service. Of these shares, 20,326 vested on April 30, 2025, 20,325 vested on April 30, 2026, and 20,325 will vest on April 30, 2027, subject to the Reporting Person being a director of the Issuer on such date.

Remarks:

	/s/ Mark Chavez as Attorney-in-Fact	11/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)