Applied Digital (APLD) CFO gets 250,000 RSUs with 5-year vesting

Rhea-AI Filing Summary

Applied Digital reported an equity grant to its Chief Financial Officer, Mohammad Saidal LaVanway. On February 6, 2026, he received 250,000 shares of common stock at $0, tied to restricted stock units that convert to shares on a one-for-one basis.

The RSUs vest over five years: 50,000 units vest on February 6, 2027, with the remaining 200,000 vesting in 25,000-unit installments every six months until the fifth anniversary of the grant. Vesting requires his continued full-time employment in a Board-approved role or certain acceleration conditions. Following this grant, he beneficially owns 371,409 shares of Applied Digital common stock directly.

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^*

Mohmand Mohammad Saidal LaVanway

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

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	02/06/2026		A		250,000(1)	A	$0	371,409	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 February 6, 2026 (the "Grant Date") represent a contingent right to receive shares of common stock of Applied Digital (the "Company") on a one-for-one basis, have no expiration date, and vest as follows: 50,000 RSUs on February 6, 2027 (the "Cliff Date") with the remainder vesting in equal installments of 25,000 RSUs every six months after the Cliff Date, such that the RSUs will be fully vested on the five-year anniversary of the Grant Date, each such vesting subject to the Reporting Person's continued full-time employment with the Company in a role approved by the Board of Directors of the Company through the applicable vesting date or accelerated vesting upon certain conditions.

Remarks:

	/s/ Mark Chavez as Attorney-in-Fact	02/09/2026
	** 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.

FAQ

What insider transaction did APLD report for its CFO on February 6, 2026?

Applied Digital’s CFO received an equity grant on February 6, 2026. The Form 4 shows an award of 250,000 shares of common stock at a price of $0, issued through restricted stock units as part of his compensation package.

How many restricted stock units were granted to APLD CFO Mohammad Saidal LaVanway?

The CFO was granted 250,000 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Applied Digital common stock, forming a significant component of his long-term equity-based compensation with no stated expiration date.

What is the vesting schedule for the APLD CFO’s 250,000 RSUs?

The RSUs vest over five years starting February 6, 2027. 50,000 RSUs vest on the first anniversary, then 25,000 RSUs vest every six months thereafter, with all 250,000 fully vested on the five-year anniversary of the February 6, 2026 grant date.

What employment conditions apply to the APLD CFO’s RSU vesting?

Vesting depends on continued full-time employment in an approved role. Each vesting date requires the CFO to remain a full-time employee in a Board-approved role with Applied Digital, unless vesting is accelerated upon certain specified conditions outlined in the award terms.

How many Applied Digital shares does the CFO own after this Form 4 transaction?

After the grant, the CFO beneficially owns 371,409 shares. The Form 4 reports this total amount of Applied Digital common stock under his direct ownership following the award of 250,000 shares tied to restricted stock units.

Was cash paid for the APLD CFO’s new 250,000-share award?

No cash was paid for the 250,000 shares reported. The Form 4 lists a transaction price of $0 per share, indicating the award was granted as compensation rather than purchased in the open market or through a cash transaction.