Applied Digital director sells 75,000 shares

Applied Digital Corp. director Richard N. Nottenburg reported selling 75,000 shares of common stock on August 4, 2026 at a weighted average price of $31.15 per share, in multiple trades between $31.00 and $31.22.

Rhea-AI Filing Summary

Applied Digital Corp. director Richard N. Nottenburg reported selling 75,000 shares of common stock on August 4, 2026 at a weighted average price of $31.15 per share, in multiple trades between $31.00 and $31.22. Following these sales, he directly owns 133,378 shares, including 7,747 restricted stock units granted November 9, 2025 that vest in full on November 5, 2026, converting into common stock on a one-for-one basis subject to his continued service.

Insider Trade Summary

Net Seller: 75,000 shares

Net Sell 1 txn

Insider Nottenburg Richard N

Role Director

Sold 75,000 shs ($2.34M)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	75,000	$31.15	$2.34M

Holdings After Transaction: Common Stock — 133,378 shares (Direct)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.00 to $31.22, inclusive.
2. 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 ("the Company") 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: 75,000 shares Weighted average sale price: $31.15 per share Sale price range: $31.00–$31.22 per share +4 more

7 metrics

Shares sold 75,000 shares Common stock sale on August 4, 2026 by director Richard N. Nottenburg

Weighted average sale price $31.15 per share Weighted average price for 75,000 shares sold on August 4, 2026

Sale price range $31.00–$31.22 per share Range of prices for multiple sale transactions included in this Form 4

Shares owned after sale 133,378 shares Direct holdings of Richard N. Nottenburg following the reported transactions

RSUs included in holdings 7,747 RSUs Restricted stock units granted November 9, 2025 to non-employee director

RSU vesting date November 5, 2026 Date when 7,747 RSUs vest in full, subject to continued service

RSU share conversion 1 RSU = 1 common share Conversion ratio for Applied Digital RSUs held by the director

Key Terms

restricted stock units ("RSUs"), weighted average price, vest in full

3 terms

restricted stock units ("RSUs") financial

"Includes 7,747 restricted stock units ("RSUs") granted on November 9, 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.

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.

vest in full financial

"and vest in full on November 5, 2026, subject to the Reporting Person's continued service"

FAQ

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

What insider trade did Applied Digital (APLD) director Richard N. Nottenburg report?

Richard N. Nottenburg reported selling 75,000 shares of Applied Digital common stock on August 4, 2026 at a weighted average price of $31.15 per share, executed through multiple trades within a narrow intraday price range.

How many Applied Digital (APLD) shares does Richard N. Nottenburg own after this sale?

After the reported sale, Richard N. Nottenburg directly owns 133,378 shares of Applied Digital common stock. This figure includes 7,747 RSUs that can convert into shares, rather than only currently vested, freely tradable stock.

At what prices were Richard N. Nottenburg’s Applied Digital (APLD) shares sold?

The reported weighted average sale price was $31.15 per share. According to the filing, the individual trades that made up this transaction were executed at prices ranging from $31.00 to $31.22 per share, inclusive.

What are the key terms of Richard N. Nottenburg’s Applied Digital (APLD) RSUs?

Nottenburg holds 7,747 restricted stock units (RSUs) granted November 9, 2025 for board service. These RSUs vest in full on November 5, 2026, subject to his continued service, and convert into Applied Digital common stock on a one-for-one basis.

What is Richard N. Nottenburg’s role at Applied Digital (APLD)?

Richard N. Nottenburg is reported as a director of Applied Digital Corp., and the RSU footnote further describes them as granted to non-employee directors for board service, indicating he serves on the company’s board rather than as an officer.

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

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Available on EDGAR 08/06/2026 - 04:52 PM Accepted by SEC EDGAR 08/06/2026 - 04:52 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^*

Nottenburg Richard N

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2026

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	08/04/2026		S		75,000	D	$31.15(1)	133,378(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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.00 to $31.22, inclusive.

2. 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 ("the Company") 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.

Remarks:

	/s/ Mark Chavez as Attorney-in-Fact	08/06/2026
	** 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)