Applied Digital CFO details equity awards and taxes

Applied Digital Corp. Chief Financial Officer Mohammad Saidal LaVanway reported several equity compensation events.

Rhea-AI Filing Summary

Applied Digital Corp. Chief Financial Officer Mohammad Saidal LaVanway reported several equity compensation events. On July 31, 2026, 245,000 performance stock units vested into common shares, and 96,408 shares were withheld at $27.39 per share to satisfy tax obligations, which the company notes was not an open-market sale. On August 4, 2026, he received 13,408 additional shares distributed from 272 Capital, LP. Footnotes also describe 250,000 restricted stock units granted on February 6, 2026 that vest over five years, beginning with 50,000 RSUs on February 6, 2027 and 25,000 RSUs every six months thereafter, subject to continued full-time employment.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Mohmand Mohammad Saidal LaVanway

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Other	Common Stock F4, F2	13,408	--	--
Grant/Award	Common Stock F1, F2	245,000	--	--
Tax Withholding	Common Stock F3, F2	96,408	$27.39	$2.64M

Holdings After Transaction: Common Stock — 888,431 shares (Direct)

Footnotes (4)

1. F1. Represents the shares received upon the vesting of 245,000 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 250,000 restricted stock units ("RSUs") granted on February 6, 2026 (the "Grant Date") 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: 50,000 RSUs on February 6, 2027 (the "Cliff Date") with the remainder vesting in equal installments of 25,000 RSUs every six months 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.
3. F3. Represents the withholding of shares of common stock of the Company for tax purposes in connection with the immediate vesting of PSUs, which does not constitute an actual sale or other open market transaction.
4. F4. Reflects the receipt of shares distributed from 272 Capital, LP.

Key Figures

PSUs vested: 245,000 shares Shares withheld for taxes: 96,408 shares Tax withholding price: $27.39 per share +4 more

7 metrics

PSUs vested 245,000 shares Performance stock units converted to common stock on July 31, 2026

Shares withheld for taxes 96,408 shares Withholding related to PSU vesting on July 31, 2026

Tax withholding price $27.39 per share Price used for the 96,408-share tax withholding transaction

Other acquisition 13,408 shares Shares received from 272 Capital, LP distribution on August 4, 2026

RSUs granted 250,000 RSUs Restricted stock units granted on February 6, 2026

Initial RSU vest 50,000 RSUs Cliff vesting scheduled for February 6, 2027

Ongoing RSU vesting 25,000 RSUs every six months Installments after the cliff date over a five-year period

Key Terms

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

4 terms

performance stock units ("PSUs") financial

"Represents the shares received upon the vesting of 245,000 performance stock units ("PSUs")"

restricted stock units ("RSUs") financial

"Includes 250,000 restricted stock units ("RSUs") granted on February 6, 2026"

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"

Cliff Date financial

"50,000 RSUs on February 6, 2027 (the "Cliff Date") with the remainder vesting"

FAQ

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

What equity compensation did Applied Digital (APLD) CFO report on July 31, 2026?

The CFO reported vesting of 245,000 performance stock units into common shares on July 31, 2026. These PSUs were originally granted on March 27, 2025 and converted to Applied Digital common stock on a one-for-one basis upon vesting.

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

A total of 96,408 shares of Applied Digital common stock were withheld for tax purposes at $27.39 per share. The company specifies this withholding related to PSU vesting and does not represent an actual open-market sale of shares.

What is the 13,408-share transaction reported by Applied Digital (APLD) CFO?

The CFO reported acquiring 13,408 shares of Applied Digital common stock on August 4, 2026. Footnotes explain this reflects the receipt of shares distributed from 272 Capital, LP, categorized as an "other" acquisition transaction rather than a market purchase.

What are the vesting terms of the 250,000 RSUs mentioned for Applied Digital (APLD) CFO?

The CFO holds 250,000 restricted stock units granted on February 6, 2026. 50,000 RSUs vest on February 6, 2027, with the remaining RSUs vesting in 25,000-share installments every six months over five years, subject to continued full-time employment.

Do the Applied Digital (APLD) Form 4 transactions involve open-market stock sales by the CFO?

The filing indicates no open-market sales. The 96,408-share disposition was solely for tax withholding tied to PSU vesting, and the 13,408-share increase came from a distribution by 272 Capital, LP, not an exchange sale.

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

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Available on EDGAR 08/04/2026 - 06:17 PM Accepted by SEC EDGAR 08/04/2026 - 06:17 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^*

Mohmand Mohammad Saidal LaVanway

(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 Financial 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		245,000	A	(1)	971,431(2)	D
Common Stock	07/31/2026		F		96,408(3)	D	$27.39	875,023(2)	D
Common Stock	08/04/2026		J(4)		13,408	A	(4)	888,431(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 shares received upon the vesting of 245,000 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 250,000 restricted stock units ("RSUs") granted on February 6, 2026 (the "Grant Date") 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: 50,000 RSUs on February 6, 2027 (the "Cliff Date") with the remainder vesting in equal installments of 25,000 RSUs every six months 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.

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

4. Reflects the receipt of shares distributed from 272 Capital, LP.

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.
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* Form 4: SEC 1474 (03-26)