Applied Digital insider: 81,667 RSUs vested; tax withholding at $26.53
Rhea-AI Filing Summary
Applied Digital Corp. (APLD) Chief Financial Officer Mohammad Saidal LaVanway reported changes in beneficial ownership on 10/04/2025. The report shows vesting and withholding activity for restricted stock units (RSUs): 81,667 RSUs vested (from a 2024 grant) and additional RSUs from a 2023 grant moved into ownership, resulting in 326,667 shares beneficially owned following the transactions. Some vested shares were withheld for taxes (32,136 and 4,919 shares reported) at a price of $26.53 per withheld share, which are not open-market sales. The filings reflect routine equity compensation vesting tied to continued employment and do not indicate purchases or public sales by the reporting person.
Positive
- Increased insider ownership to 326,667 shares after RSU vesting, aligning executive incentives with shareholders
- Vesting schedule disclosed through 10/04/2027, providing transparency on future insider equity dilution
Negative
- Tax withholding reduced net shares delivered by 37,055 shares, lowering immediate liquidity of vested compensation
- No open‑market purchases reported, so ownership increases stem solely from compensation rather than new investment
Insights
RSU vesting increased direct ownership by the CFO to 326,667 shares.
Vesting of RSUs granted in 2024 and 2023 converted contingent rights into common stock, increasing the reporting person’s direct holdings to 326,667 shares. The filings list two withholdings totaling 37,055 shares withheld for tax purposes at $26.53 per share, which the filer flags as non‑market disposals.
The changes are standard for executive compensation; monitor future vesting dates through 2027 for additional scheduled increases in outstanding insider ownership and any subsequent open‑market transactions.
Withholdings noted are tax-related, not open-market sales, reducing shares delivered on vesting.
The report uses transaction codes consistent with RSU vesting ("M" and "F") and shows withheld shares to satisfy tax obligations, not executed sales. That distinction matters for market impact and reporting of dispositions.
Ensure these withholdings align with the company’s tax withholding policy and that any future sales are reported separately; known vesting schedule lists specific tranches through 10/04/2027.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 81,667 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 12,500 | $0.00 | -- |
| Exercise | Common Stock | 81,667 | $0.00 | -- |
| Tax Withholding | Common Stock | 32,136 | $26.53 | $853K |
| Exercise | Common Stock | 12,500 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,919 | $26.53 | $131K |
Footnotes (1)
- Restricted stock units ("RSUs") granted on October 17, 2024 represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Issuer") on a one-for-one basis. The RSUs have no expiration date and vest as follows: 81,666 on April 4, 2025, 81,667 on each of October 4, 2025 and April 4, 2026, 81,666 on October 4, 2026, and 81,667 on each of April 4, 2027 and October 4, 2027, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date. Represents the withholding of shares of common stock of the Issuer for tax purposes in connection with the vesting of RSUs previously granted, which does not constitute an actual sale or other open market transaction. RSUs granted on April 4, 2023 represent a contingent right to receive shares of common stock of the Issuer on a one-for-one basis. The RSUs have no expiration date and vest as follows: 25,000 on April 4, 2024 and 12,500 on each of October 4, 2024, April 4, 2025, October 4, 2025 and April 4, 2026, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
