Applied Digital (APLD) Form 4: Director sale of 30,000 shares disclosed

Rhea-AI Filing Summary

Applied Digital Corporation (APLD) director Chuck Hastings reported a sale of common stock on August 12, 2025. The filing shows 30,000 shares were disposed of at a weighted-average price of $14.73, sold in multiple transactions at prices ranging from $14.60 to $14.85. After the sale, the reporting person beneficially owned 501,612 shares, a total that includes 28,606 restricted stock units granted December 27, 2024 that vest in full on November 20, 2025 subject to continued service. The Form 4 was signed by an attorney-in-fact on August 14, 2025.

Positive

• Insider disclosure completed and detailed with weighted-average sale price and price range provided
• Reporting person retains significant holdings (501,612 shares) after the sale
• RSUs disclosed with vesting date (28,606 RSUs vesting November 20, 2025)

Negative

• Director sold 30,000 shares, representing insider liquidity that may be noted by market participants
• Sale reduced immediate insider holdings though remaining stake is substantial

Insights

Securities Analyst

TL;DR: Routine director stock sale; non-material reduction relative to total holdings but worth noting for trading activity.

The reported disposition of 30,000 shares at a weighted-average price of $14.73 appears to be a routine sale by a director rather than a company action. Post-transaction beneficial ownership of 501,612 shares remains substantive and includes 28,606 RSUs that are not yet vested. No derivative transactions or new grants beyond the disclosed RSUs are reported. For investors, this filing documents insider liquidity but does not by itself indicate a change in corporate strategy or material financial condition.

Corporate Governance Expert

TL;DR: Governance disclosure is complete and timely; sale is reported under Section 16 with required explanations.

The Form 4 discloses transaction codes and provides an explanation that the sale was executed in multiple trades with a weighted-average price and clarifies the composition of post-transaction holdings, including director RSUs that vest in November 2025. The filing is signed via attorney-in-fact, consistent with accepted practice. This is a standard insider disclosure that fulfills regulatory transparency obligations without revealing intent or signaling governance concerns.

Insider Trade Summary

Net Seller: 30,000 shares ($441,900)

Net Sell 1 txn

Insider HASTINGS CHUCK

Role Director

Sold 30,000 shs ($442K)

Type	Security	Shares	Price	Value
Sale	Common Stock	30,000	$14.73	$442K

Holdings After Transaction: Common Stock — 501,612 shares (Direct)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.60 to $14.85, inclusive. Includes 28,606 restricted stock units ("RSUs") granted on December 27, 2024 to non-employee directors for board service. The RSUs represent a contingent right to receive shares of common stock of Applied Digital Corporation on a one-for-one basis, have no expiration date, and vest in full on November 20, 2025, subject to the Reporting Person's continued service through such date.

Form 4 Insider Transactions: What Each Field Means →

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^*

HASTINGS CHUCK

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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	08/12/2025		S		30,000	D	$14.73(1)	501,612(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 $14.60 to $14.85, inclusive.

2. Includes 28,606 restricted stock units ("RSUs") granted on December 27, 2024 to non-employee directors for board service. The RSUs represent a contingent right to receive shares of common stock of Applied Digital Corporation on a one-for-one basis, have no expiration date, and vest in full on November 20, 2025, subject to the Reporting Person's continued service through such date.

Remarks:

	/s/ Mark Chavez as Attorney-in-Fact	08/14/2025
	** 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 did APLD director Chuck Hastings report on Form 4?

He reported a sale of 30,000 common shares on 08/12/2025 at a weighted-average price of $14.73.

How many APLD shares does the reporting person own after the transaction?

501,612 shares beneficially owned following the reported sale.

Does the filing disclose any unvested equity for the reporting person at APLD?

Yes — 28,606 RSUs granted December 27, 2024 that vest in full on November 20, 2025, subject to continued service.

What price range were the sold APLD shares executed at?

Executed between $14.60 and $14.85, with a weighted-average price of $14.73.

When was the Form 4 signed and by whom?

Signed by Mark Chavez as attorney-in-fact on 08/14/2025.