Applied Digital (NASDAQ: APLD) COO vests 600,000 PSUs, withholds shares for taxes

Rhea-AI Filing Summary

Applied Digital Corp. Chief Operating Officer Laura Laltrello reported equity compensation activity on July 31, 2026. She received 600,000 shares of common stock upon vesting of previously granted performance stock units, and 260,640 shares were withheld at $27.39 per share to satisfy tax obligations, which the filing notes was not an open-market sale.

A footnote also describes a remaining 600,000 restricted stock units grant from January 6, 2025, with no expiration date, vesting in tranches through January 6, 2028, contingent on her continued employment.

Insider Trade Summary

Net Buyer: 339,360 shares

Net Buy 2 txns

Insider Laltrello Laura

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	600,000	--	--
Tax Withholding	Common Stock F3, F2	260,640	$27.39	$7.14M

Holdings After Transaction: Common Stock — 813,156 shares (Direct)

Footnotes (3)

1. F1. Shares received upon the vesting of 600,000 performance stock units ("PSUs") granted on March 27, 2025, which represented a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis.
2. F2. Includes remaining amount of 600,000 restricted stock units ("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.
3. F3. Represents the withholding of shares of common stock of the Company for tax purposes in connection with the vesting of PSUs, which does not constitute an actual sale or other open market transaction.

Key Figures

PSUs vested into common shares: 600,000 shares Shares withheld for taxes: 260,640 shares Tax withholding reference price: $27.3900 per share +1 more

4 metrics

PSUs vested into common shares 600,000 shares Vesting of PSUs granted March 27, 2025 on July 31, 2026

Shares withheld for taxes 260,640 shares Withholding in connection with PSU vesting for tax purposes

Tax withholding reference price $27.3900 per share Per-share value applied to 260,640 withheld shares

Remaining RSUs grant 600,000 RSUs Restricted stock units granted January 6, 2025, vesting through January 6, 2028

Key Terms

performance stock units ("PSUs"), restricted stock units ("RSUs"), withholding of shares

3 terms

performance stock units ("PSUs") financial

"Shares received upon the vesting of 600,000 performance stock units ("PSUs") granted on March 27, 2025"

restricted stock units ("RSUs") financial

"Includes remaining amount of 600,000 restricted stock units ("RSUs") granted on January 6, 2025"

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.

withholding of shares financial

"Represents the withholding of shares of common stock of the Company for tax purposes"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/04/2026 - 04:30 PM Accepted by SEC EDGAR 08/04/2026 - 04:29 PM Learn about SEC filing dates

FAQ

What insider transactions did APLD COO Laura Laltrello report in this Form 4?

Laura Laltrello, COO of Applied Digital (APLD), reported vesting of 600,000 PSUs into common stock and a related tax withholding of 260,640 shares at $27.39 per share. These are equity compensation events, not open-market purchases or sales.

Were Laura Laltrello’s APLD transactions open-market trades?

No. The Form 4 shows PSU vesting and withholding of shares for taxes. A footnote explicitly states the 260,640 shares delivered for tax purposes do not constitute an actual sale or other open-market transaction.

What performance stock units (PSUs) vested for the APLD COO?

On July 31, 2026, 600,000 PSUs granted on March 27, 2025 vested for Applied Digital COO Laura Laltrello, converting into 600,000 shares of common stock on a one-for-one basis as described in the filing’s footnotes.

What restricted stock units (RSUs) does APLD COO Laura Laltrello still hold?

She is reported as holding a remaining 600,000 RSUs grant from January 6, 2025. These RSUs have no expiration date and vest in scheduled tranches through January 6, 2028, conditioned on her continued employment with Applied Digital.

At what price were APLD shares withheld for Laura Laltrello’s tax obligations?

The filing reports 260,640 shares of Applied Digital common stock were withheld at $27.39 per share for tax purposes, in connection with the vesting of performance stock units, and not as an open-market sale.

Were Laura Laltrello’s APLD transactions under a Rule 10b5-1 trading plan?

The document-level checkbox for Rule 10b5-1 plans is not marked as affirming such a plan. The footnotes instead describe equity award vesting and tax withholding, without indicating a pre-arranged trading plan.

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)
07/31/2026

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	07/31/2026		A		600,000	A	(1)	1,073,796(2)	D
Common Stock	07/31/2026		F		260,640(3)	D	$27.39	813,156(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. Shares received upon the vesting of 600,000 performance stock units ("PSUs") granted on March 27, 2025, which represented a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis.

2. Includes remaining amount of 600,000 restricted stock units ("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.

3. Represents the withholding of shares of common stock of the Company for tax purposes in connection with the vesting of PSUs, which does not constitute an actual sale or other open market transaction.

Remarks:

	/s/ Mark Chavez as Attorney-in-Fact	08/04/2026
	** 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)