Applied Digital COO reports tax RSU share withholding

Applied Digital Corp. Chief Operating Officer Laura Laltrello reported a tax-related share disposition tied to restricted stock units.

Rhea-AI Filing Summary

Applied Digital Corp. Chief Operating Officer Laura Laltrello reported a tax-related share disposition tied to restricted stock units. On this Form 4, 43,440 shares of common stock were withheld at $33.50 per share to cover tax obligations upon RSU vesting, which the filing clarifies is not an open-market sale. Following this withholding, she directly holds 473,796 shares of Applied Digital common stock. The filing also notes a 600,000-share RSU grant from January 6, 2025, with portions vesting on specified dates through January 6, 2028, contingent on continued employment.

Insider Trade Summary

Exercise Price or Tax Liability: 43,440 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	43,440	$33.50	$1.46M

Holdings After Transaction: Common Stock — 473,796 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 vesting of restricted stock units ("RSUs"), which does not constitute an actual sale or other open market transaction.
2. F2. Includes remaining amount of 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, one-sixth of the RSUs vested on July 6, 2026, and one-sixth of the RSUs shall vest on 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.

Key Figures

Shares withheld for taxes: 43,440 shares Withholding price: $33.50 per share Post-transaction holdings: 473,796 shares +3 more

6 metrics

Shares withheld for taxes 43,440 shares Tax-withholding disposition on RSU vesting

Withholding price $33.50 per share Value used for tax-withholding shares

Post-transaction holdings 473,796 shares Direct common stock held after withholding

RSU grant size 600,000 RSUs Granted on January 6, 2025

Initial RSU vest One-third of 600,000 Vested January 6, 2026

Subsequent RSU vesting portions One-sixth each tranche Vest on July 6, 2026; January 6, 2027; July 6, 2027; January 6, 2028

Key Terms

restricted stock units, tax-withholding disposition, vesting, contingent right, +1 more

5 terms

restricted stock units financial

"in connection with the vesting of restricted stock units ("RSUs"), which does not constitute"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition", "transaction_code_description": "Payment of exercise price or tax liability"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

vesting financial

"one-third of the RSUs vested on January 6, 2026, one-sixth of the RSUs vested on July 6, 2026, and one-sixth of the RSUs shall vest"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

contingent right financial

"The RSUs represent a contingent right to receive shares of common stock of the Company on a one-for-one basis"

continued employment financial

"shall vest on January 6, 2027, July 6, 2027 and January 6, 2028, subject to the Reporting Person's continued employment"

Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.

FAQ

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

What insider transaction did Applied Digital (APLD) report for Laura Laltrello?

Applied Digital reported a tax-withholding disposition for COO Laura Laltrello. The company withheld 43,440 common shares to cover taxes on vesting restricted stock units, which the filing states is not an actual sale or open-market transaction.

How many Applied Digital (APLD) shares were withheld and at what price?

The filing shows 43,440 Applied Digital common shares were withheld for taxes at a price of $33.50 per share. This reflects payment of tax liability related to RSU vesting rather than a discretionary market sale of shares.

How many Applied Digital (APLD) shares does Laura Laltrello hold after this Form 4?

After the tax-withholding transaction, Laura Laltrello directly holds 473,796 shares of Applied Digital common stock. This figure reflects her remaining direct ownership position reported in the Form 4, following the withholding of shares for tax purposes.

Is the Applied Digital (APLD) insider transaction an open-market sale?

No, the transaction is not an open-market sale. The filing explicitly states the 43,440 withheld shares represent payment of tax obligations tied to RSU vesting, and that this withholding does not constitute an actual sale or other open-market transaction.

What are the key details of Laura Laltrello’s RSU grant at Applied Digital (APLD)?

The filing notes a 600,000 RSU grant dated January 6, 2025. These RSUs convert one-for-one into common shares, have no expiration date, and vest in scheduled portions through January 6, 2028, subject to Laltrello’s continued employment with Applied Digital.

How do the Applied Digital (APLD) RSUs for Laura Laltrello vest over time?

According to the filing, one-third of the 600,000 RSUs vested January 6, 2026. One-sixth vested July 6, 2026, with additional one-sixth portions scheduled to vest on January 6, 2027, July 6, 2027, and January 6, 2028, if employment continues.

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

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Accepted by SEC EDGAR 07/07/2026 - 04:30 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 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/06/2026

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	07/06/2026		F		43,440(1)	D	$33.5	473,796(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 vesting of restricted stock units ("RSUs"), which does not constitute an actual sale or other open market transaction.

2. Includes remaining amount of 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, one-sixth of the RSUs vested on July 6, 2026, and one-sixth of the RSUs shall vest on 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	07/07/2026
	** 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)