Applied Digital director sells 10,000 shares
Applied Digital Corp. director Douglas S. Miller reported an open-market sale of 10,000 shares of common stock at a weighted average price of $34.98 per share.
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Form Type
4
Rhea-AI Filing Summary
Applied Digital Corp. director Douglas S. Miller reported an open-market sale of 10,000 shares of common stock at a weighted average price of $34.98 per share. After this sale, he directly holds 184,859 shares.
His holdings include 7,747 restricted stock units granted on November 9, 2025, which convert into common stock on a one-for-one basis and vest in full on November 5, 2026, contingent on his continued board service.
Insider Trade Summary
Net Seller: 10,000 shares
Net Sell
1 txn
Insider
MILLER DOUGLAS S
Role
Director
Sold
10,000 shs ($350K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $34.98 | $350K |
Holdings After Transaction:
Common Stock — 184,859 shares (Direct)
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.91 to $35.05, inclusive.
- F2. Includes 7,747 restricted stock units ("RSUs") granted on November 9, 2025 to non-employee directors for board service. The RSUs convert into shares of common stock of Applied Digital Corporation on a one-for-one basis, have no expiration date, and vest in full on November 5, 2026, subject to the Reporting Person's continued service through such date.
Key Figures
Shares sold: 10,000 shares
Sale price (weighted average): $34.98 per share
Sale price range: $34.91–$35.05 per share
+3 more
6 metrics
Shares sold
10,000 shares
Open-market sale of common stock on April 27, 2026
Sale price (weighted average)
$34.98 per share
Weighted average across multiple transactions
Sale price range
$34.91–$35.05 per share
Range of prices for individual sale trades
Shares held after transaction
184,859 shares
Direct ownership following the reported sale
Restricted stock units
7,747 RSUs
Granted November 9, 2025 to non-employee director
RSU vesting date
November 5, 2026
RSUs vest in full, subject to continued service
Key Terms
weighted average price, restricted stock units, non-employee directors, open-market sale
4 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock units financial
"Includes 7,747 restricted stock units ("RSUs") granted on November 9, 2025"
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.
non-employee directors financial
"RSUs granted on November 9, 2025 to non-employee directors for board service."
Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.
open-market sale financial
"transaction_action is classified as an open-market sale of common stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Applied Digital (APLD) report for Douglas S. Miller?
Douglas S. Miller reported an open-market sale of 10,000 Applied Digital common shares at a weighted average price of $34.98. This Form 4 filing reflects a single non-derivative transaction classified as a sale in the open market.
What restricted stock units (RSUs) does Douglas S. Miller hold in Applied Digital (APLD)?
Douglas S. Miller holds 7,747 restricted stock units granted on November 9, 2025 for his service as a non-employee director. These RSUs convert one-for-one into Applied Digital common shares and vest in full on November 5, 2026, subject to continued service.
When do Douglas S. Miller’s Applied Digital (APLD) RSUs vest?
His 7,747 restricted stock units are scheduled to vest in full on November 5, 2026. Vesting is conditioned on his continued service as a non-employee director through that date, after which the RSUs convert into common stock on a one-for-one basis.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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