Applied Digital Corporation Form 4 Filings

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.

Applied Digital Corp. CEO and Chairman Wes Cummins reported several equity events. On July 31, 2026 he received 1,600,000 shares of common stock upon vesting of PSUs granted March 27, 2025, and the company withheld 629,600 shares at $27.39 to cover related tax obligations. The report also notes 1,500,000 RSUs granted January 6, 2026 with a multi‑year vesting schedule, 742,166 shares held in his IRA, and an August 4, 2026 distribution of 714,685 shares by 272 Capital LP, where he served as President, classified as an “other acquisition or disposition” rather than an open‑market trade.

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.

Applied Digital Corp. president Jason Gechen Zhang received 600,000 shares of common stock on July 31, 2026 through the vesting of performance stock units granted March 27, 2025. On the same date, 236,100 shares were withheld at $27.39 per share to cover tax obligations related to that vesting, rather than sold in the open market. He also holds unvested restricted stock units from August 8, 2025 and February 6, 2026 that each convert into common shares on a one-for-one basis and vest over several years, subject to continued full-time employment or accelerated vesting under specified conditions.

Applied Digital Corp. Chief Operating Officer Laura Laltrello reported a tax-related share disposition tied to restricted stock units. On this Form 4, 43,440 shares of common stock were withheld at $33.50 per share to cover tax obligations upon RSU vesting, which the filing clarifies is not an open-market sale. Following this withholding, she directly holds 473,796 shares of Applied Digital common stock. The filing also notes a 600,000-share RSU grant from January 6, 2025, with portions vesting on specified dates through January 6, 2028, contingent on continued employment.

Applied Digital Corp. president Jason Gechen Zhang reported compensation-related stock activity, not open-market trading. On July 1, 2026, he received common shares from the vesting of previously granted performance stock units and had shares withheld to cover tax obligations at $35.52 per share.

The filing shows two stock grants of 375,000 and 300,000 shares at a stated price of $0.00 per share, reflecting PSU vesting, and tax-withholding dispositions totaling 265,613 shares. After these entries, he directly holds about 2,224,515 common shares.

Footnotes highlight additional equity incentives, including 500,000 restricted stock units granted on February 6, 2026 and 500,000 RSUs granted on August 8, 2025, each convertible into common stock on a one-for-one basis subject to multi-year vesting and continued employment conditions.

Applied Digital Corp. CEO and Chairman Wes Cummins reported equity compensation activity and related tax withholding. He received 800,000 shares of common stock upon the vesting of performance stock units granted on November 15, 2024, at a price of $0.00 per share. To cover taxes on this vesting, 314,800 shares were withheld by the company, which the filing notes is not an open-market sale. After these transactions, Cummins directly holds 4,787,600 shares of common stock. The filing also notes indirect holdings, including 742,166 shares in his IRA and additional shares held through entities such as Cummins Family Ltd. and 272 Capital, as well as 1,500,000 restricted stock units granted on January 6, 2026 that vest over five years.

Applied Digital Corp. Chief Financial Officer Mohammad Saidal LaVanway reported equity compensation changes. He received 490,000 shares of common stock upon vesting of previously granted performance stock units, while 192,815 shares were withheld to cover taxes, which the filing states is not an open market sale. Following these entries, he directly owns 726,431 common shares and also holds 250,000 restricted stock units that vest over five years starting February 6, 2027.

Applied Digital Corp. director Richard N. Nottenburg reported selling a total of 25,000 shares of common stock in two open-market transactions. He sold 12,500 shares on April 28, 2026 at $32.00 per share and 12,500 shares on April 30, 2026 at a weighted average price of $34.59 per share, in multiple trades between $34.58 and $34.64.

After these sales, he directly owns 208,378 shares of Applied Digital common stock, which includes 7,747 restricted stock units granted on November 9, 2025 that vest in full on November 5, 2026, subject to his continued board service.

Applied Digital Corp. director Douglas S. Miller reported an open-market sale of 10,000 shares of common stock at a weighted average price of $34.98 per share. After this sale, he directly holds 184,859 shares.

His holdings include 7,747 restricted stock units granted on November 9, 2025, which convert into common stock on a one-for-one basis and vest in full on November 5, 2026, contingent on his continued board service.

Applied Digital Corp. CEO and Chairman Wes Cummins exercised 100,000 restricted stock units into common shares. The RSUs, granted on October 10, 2024, convert to common stock on a one-for-one basis and vested in part on April 10, 2026.

Following the exercise, Cummins held 4,302,400 shares of common stock directly. On the same date, 39,350 shares were withheld at $26.26 per share to cover tax obligations related to the RSU vesting, which the company notes does not constitute an open market sale.

In addition to his direct holdings, 17,590,238 shares are held indirectly by Cummins Family Ltd., where he serves as CEO, and 722,483 shares are held indirectly by 272 Capital, where he was President. His direct position also includes 742,166 shares in his IRA and 1,500,000 RSUs granted on January 6, 2026, which vest over a five-year schedule starting January 6, 2027.

Applied Digital Corp. Chief Financial Officer Mohammad Saidal LaVanway exercised vested restricted stock units into common stock as part of his equity compensation. On April 4, 2026, he acquired a total of 94,167 shares through RSU conversions at a stated price of $0.00 per share.

To cover tax obligations from these vestings, 36,330 shares of common stock were withheld by the company at $24.56 per share, which the filing notes does not constitute an open market sale. After these transactions, he directly held 429,246 shares of common stock.

Footnotes describe RSU grants made on April 4, 2023, October 17, 2024, and February 6, 2026, including a 250,000-unit grant that vests over several years, tying future share delivery to continued employment and, in some cases, board-approved roles.

Applied Digital Corp. CEO Wes Cummins exercised 100,000 restricted stock units into common shares and had shares withheld to cover taxes. On this vesting date, 100,000 RSUs from an April 4, 2023 grant converted into 100,000 shares of common stock at a stated price of $0.00 per share.

To satisfy tax obligations from the immediate vesting of RSUs, 34,579 common shares were withheld at $24.56 per share, which the company notes is not an open‑market sale. Following these transactions, Cummins directly holds 4,241,750 common shares, including 742,166 shares in his IRA, and has additional indirect holdings of 17,590,238 shares through Cummins Family Ltd. and 722,483 shares through 272 Capital. He also holds significant unvested equity awards, including 1,500,000 RSUs granted on January 6, 2026 and 600,000 RSUs granted on October 10, 2024, subject to multi‑year vesting and continued full‑time employment.

Applied Digital Corp. president Jason Gechen Zhang reported a tax-related share withholding rather than a market trade. On March 12, 2026, 93,037 shares of common stock at $27.48 per share were withheld to cover tax obligations tied to vesting restricted stock units, leaving him with 1,815,128 shares directly owned.

Footnotes explain this was not an actual sale or open-market transaction. They also note two outstanding restricted stock unit awards of 500,000 RSUs each, which convert into common shares on a one-for-one basis subject to multi-year vesting schedules and continued full-time employment conditions.

Applied Digital Corp. Chief Operating Officer Laura Laltrello reported a tax-related share withholding connected to restricted stock unit (RSU) vesting, not an open-market trade. On January 6, 2026, 82,764 shares of common stock were withheld at 30.2700 per share to satisfy tax obligations.

Following this withholding, Laltrello directly owned 517,236 shares of common stock. Footnotes explain this stems from RSUs that immediately vested and clarify the transaction was solely for tax purposes and did not constitute an actual sale.

Applied Digital president Zhang Jason Gechen received 500,000 restricted stock units (RSUs) on February 6, 2026. The grant is priced at $0 per share and represents a right to receive an equal number of Applied Digital common shares.

These RSUs have no expiration date and vest over five years: 100,000 RSUs on February 6, 2027, then 50,000 every six months until the fifth anniversary of the grant date, subject to continued full-time employment in a Board-approved role. After this award, Gechen beneficially owns 1,908,165 shares, including 750,000 RSUs granted on August 8, 2025 that vest in tranches between March 12, 2026 and March 12, 2028.

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.

Applied Digital Corp. director Chuck Hastings reported selling 45,987 shares of common stock on January 29, 2026 at a price of $38.57 per share. After this sale, he beneficially owns 388,372 shares, which include 7,747 restricted stock units granted on November 9, 2025 to non-employee directors for board service.

The restricted stock units convert into common shares on a one-for-one basis, have no expiration date, and vest in full on November 5, 2026, as long as Hastings continues his board service through that date.

Applied Digital Corp. director Douglas S. Miller reported a charitable-style transfer of shares. On January 22, 2026, he gave 6,000 shares of Applied Digital common stock to his children at a reported price of $0 per share, reflecting a gift rather than a sale.

After this transaction, Miller beneficially owned 194,859 shares of Applied Digital common stock in total. This amount includes 7,747 restricted stock units granted on November 9, 2025 for his board service, which convert into common shares on a one-for-one basis and are scheduled to vest in full on November 5, 2026, as long as he continues his service through that date.

Applied Digital Corp. CEO and Chairman Wes Cummins reported selling 165,000 shares of common stock on January 16, 2026 at a weighted average price of $36.42, with individual trades ranging from $35.07 to $37.46. After this sale, he directly beneficially owned 4,176,329 shares, which includes restricted stock units and 742,166 shares held in his IRA. The filing also shows indirect beneficial ownership of 17,590,238 shares held by Cummins Family Ltd. and 722,483 shares held by 272 Capital, LP. The RSUs include multi-year vesting schedules extending through 2027, generally conditioned on continued full-time employment or specified acceleration conditions.

Applied Digital Corp. director Richard N. Nottenburg reported open-market sales of company stock. On January 14, 2026, he sold 11,606 shares of common stock at a weighted average price of $35.28 per share. On January 15, 2026, he sold an additional 12,000 shares at a weighted average price of $35.45 per share. After these transactions, he directly beneficially owned 233,378 shares of common stock.

This holding includes 7,747 restricted stock units granted on November 9, 2025 to non-employee directors, which vest in full on November 5, 2026, and 200,000 restricted stock units granted on May 13, 2024 in connection with his role as Chairman of the Board of Directors of Applied Digital Cloud Corporation, vesting in two equal installments on May 13, 2026 and May 13, 2027, subject to continued service.

Applied Digital Corp. director Douglas S. Miller reported selling 10,000 shares of common stock on January 12, 2026 at a price of $38.54 per share. After this sale, he beneficially owns 200,859 shares of the company’s stock.

This total includes 7,747 restricted stock units (RSUs) that were granted on November 9, 2025 for board service. These RSUs convert into common shares on a one-for-one basis, have no expiration date, and are scheduled to vest in full on November 5, 2026, assuming Miller continues his service as a director through that date.

Applied Digital Corp. reported new equity awards for CEO and Chairman Wes Cummins. On January 6, 2026, he received 1,500,000 restricted stock units that convert into common stock on a one-for-one basis at a price of $0. These RSUs vest with 300,000 units on January 6, 2027, and the remaining units in 150,000-unit installments every six months so that all RSUs vest by the fifth anniversary of the grant, subject to continued full-time employment or certain acceleration conditions.

Cummins also received 4,500,000 performance stock units at $0, vesting in three equal tranches over five years. Each tranche requires the company’s average closing stock price to reach $50, $75, and $100, respectively, over a 90 consecutive day period, along with continued employment or specified post-termination conditions. Following these grants, he beneficially owns 4,341,329 common shares directly (including shares and prior RSUs described in the footnotes) and additional indirect holdings of 17,590,238 and 722,483 common shares through Cummins Family Ltd. and 272 Capital, LP.

Applied Digital Corp. (APLD) reported an insider stock sale by a director. On 11/24/2025, the reporting person sold 8,581 shares of common stock in an open-market transaction under a pre-arranged Rule 10b5-1 trading plan adopted on January 30, 2025, at a weighted average price of $23.22 per share, with individual sale prices ranging from $21.14 to $23.79.

After this sale, the director beneficially owns 68,422 shares, including 7,747 restricted stock units granted on November 9, 2025 that vest in full on November 5, 2026, and 60,976 shares of restricted stock granted on May 6, 2024, with remaining tranches scheduled to vest on April 30, 2026 and April 30, 2027, subject to continued board service.

Applied Digital (APLD) reported an insider equity award. On November 9, 2025, a non-employee director received 7,747 restricted stock units that convert one-for-one into common shares and vest in full on November 5, 2026, subject to continued service.

Following the grant, the reporting person beneficially owned 218,859 securities. This total includes 28,606 RSUs granted on December 27, 2024 that vest in full on November 20, 2025. The RSUs carry no expiration date.

Applied Digital (APLD) reported an insider equity award to a director. On 11/09/2025, the director acquired 7,747 shares of common stock at $0, reflecting the settlement of director RSUs. Following this transaction, the director beneficially owns 256,984 shares directly.

The filing explains that RSUs granted on 11/09/2025 vest in full on 11/05/2026, subject to continued service. It also notes previously granted awards: 28,606 RSUs from 12/27/2024 vesting 11/20/2025, and 200,000 restricted shares granted 05/13/2024 vesting 100,000 on 05/13/2026 and 100,000 on 05/13/2027, contingent on continued board service.

Applied Digital (APLD) filed a Form 4 disclosing an equity award to a director. On 11/09/2025, the director received 7,747 restricted stock units (RSUs) at a price of $0, reported with transaction code A. Following this grant, the director beneficially owned 67,147 shares/units in total, held directly.

The newly granted RSUs convert into common stock on a one-for-one basis and vest in full on November 5, 2026, subject to continued service. The holdings include 28,606 RSUs granted on December 27, 2024 that vest on November 20, 2025, and 46,190 shares of restricted stock granted on February 22, 2024, with 15,396 already vested on February 22, 2025 and 15,397 vesting on each of February 22, 2026 and February 22, 2027.

Applied Digital Corp. (APLD) reported a director equity award on a Form 4. On November 9, 2025, a non-employee director acquired 7,747 RSUs at $0. The RSUs convert into common stock on a one-for-one basis and vest in full on November 5, 2026, subject to continued service.

Following the transaction, the reporting person beneficially owned 434,359 shares. This amount includes 28,606 RSUs granted on December 27, 2024, which vest in full on November 20, 2025, subject to continued service.

Applied Digital (APLD) reported an insider equity grant. A company director acquired 7,747 units at $0 on 11/09/2025 (coded “A”), tied to restricted stock units that convert one-for-one into common stock and vest in full on November 5, 2026. Following this transaction, the director beneficially owned 77,003 securities. The filing also notes prior awards: 28,606 RSUs granted on December 27, 2024 vesting on November 20, 2025, and 60,976 shares of restricted stock from May 6, 2024 with tranches vesting on April 30, 2026 and April 30, 2027.

Applied Digital (APLD) insider update: A Form 4 reports a change in beneficial ownership tied to a management agreement. On 10/31/2025, the reporting person’s Investment Management Agreement related to certain accounts at 272 Capital was terminated, and the reporting person ceased having discretionary or voting authority over 903,970 shares (Transaction Code J).

Following the reported event, beneficial holdings are listed as 722,483 shares held indirectly through 272 Capital, 17,590,238 shares held indirectly through Cummins Family Ltd., and 2,841,329 shares held directly, which includes 742,166 shares in the reporting person’s IRA.

Applied Digital (APLD) director reported open‑market sales of common stock. On 10/29/2025, the reporting person sold 50,000 shares at a weighted average price of $35.69, executed in multiple trades ranging from $35.38 to $36.00. On 10/31/2025, they sold an additional 25,000 shares at $34.27.

Following these transactions, the filer beneficially owned 426,612 shares. This amount includes 28,606 RSUs granted on 12/27/2024 to non‑employee directors, which vest in full on 11/20/2025 on a one‑for‑one basis and have no expiration date.

Applied Digital Corp. (APLD) director reported an open‑market sale of 42,569 shares of common stock on 10/29/2025 at a weighted average price of $35.30, with individual trades ranging from $35.20 to $35.49. The transaction code was S (sale).

Following the sale, the director beneficially owns 69,256 shares, held directly. This includes 28,606 RSUs granted on 12/27/2024 that vest in full on 11/20/2025, and 60,976 shares of restricted stock granted on 05/06/2024, of which 20,326 vested on 04/30/2025 and 20,325 are scheduled to vest on each of 04/30/2026 and 04/30/2027.

Applied Digital (APLD) director reported open‑market sales of common stock. The insider sold 5,000 shares at $34.8 on October 30, 2025 and 9,375 shares at $35.91 on October 31, 2025. Direct holdings were 258,612 shares after the first trade and 249,237 shares after the second.

Holdings include awards that may settle in stock: 28,606 RSUs granted on December 27, 2024 that vest in full on November 20, 2025, and 200,000 shares of restricted stock granted on May 13, 2024, vesting 100,000 shares on May 13, 2026 and 100,000 shares on May 13, 2027, subject to continued service.

Applied Digital (APLD) reported insider activity by its Chief Financial Officer on a Form 4. The officer sold 100,000 shares of common stock on 10/24/2025 at a weighted average price of $34.08 (range $33.42–$34.44) and 37,503 shares on 10/28/2025 at a weighted average price of $36.47 (range $36.00–$36.78).

Following the first sale, directly held shares were 158,912; after the second, 121,409, both reported as direct ownership. The filing notes additional contingent awards not included in these totals: 735,000 performance stock units and 339,167 restricted stock units, each representing a right to receive one share upon meeting performance or service conditions.

Applied Digital (APLD) director reported an open‑market sale of 34,375 shares of common stock at a weighted average price of $33.23 on 10/24/2025.

Following the sale, the director beneficially owns 263,612 shares. This includes 28,606 RSUs granted on 12/27/2024 that vest in full on 11/20/2025, and 200,000 shares of restricted stock granted on 05/13/2024 that vest in two tranches: 100,000 on 05/13/2026 and 100,000 on 05/13/2027, each subject to continued service.

The price range for the sale was $33.02 to $33.50, reported as a weighted average.

Applied Digital Corp. (APLD) reported an insider transaction by a director. On 10/24/2025, the director sold 24,213 shares of common stock at a weighted average price of $33.2, with individual trades ranging from $33.17 to $33.21. Following the sale, the director beneficially owns 59,400 shares, held directly.

The reported holdings include 28,606 RSUs granted on December 27, 2024 that vest in full on November 20, 2025, and 46,190 shares of restricted stock granted on February 22, 2024, of which 15,396 vested on February 22, 2025 and 15,397 will vest on each of February 22, 2026 and February 22, 2027.

Applied Digital (APLD) CEO, Chairman and Director/10% owner filed a Form 4 for transactions on 10/10/2025. 200,000 restricted stock units vested and were settled into common stock (code M). The insider withheld 78,700 shares for taxes at $33.99 (code F), which the filing notes is not an open market sale.

Following these events, the insider beneficially owns 2,841,329 shares directly, including 742,166 held in an IRA, and holds 17,590,238 shares indirectly via Cummins Family Ltd. and 1,626,453 shares indirectly via 272 Capital, LLC. The RSUs were granted on 10/10/2024 and vest as follows: 200,000 on 10/10/2025 and 100,000 on each of April 10, 2026, October 10, 2026, April 10, 2027, and October 10, 2027.

Applied Digital Corp. (APLD) Chief Financial Officer Mohammad Saidal LaVanway reported changes in beneficial ownership on 10/04/2025. The report shows vesting and withholding activity for restricted stock units (RSUs): 81,667 RSUs vested (from a 2024 grant) and additional RSUs from a 2023 grant moved into ownership, resulting in 326,667 shares beneficially owned following the transactions. Some vested shares were withheld for taxes (32,136 and 4,919 shares reported) at a price of $26.53 per withheld share, which are not open-market sales. The filings reflect routine equity compensation vesting tied to continued employment and do not indicate purchases or public sales by the reporting person.

Applied Digital Corp. director and CEO Wes Cummins received 100,000 RSUs that vested on 10/04/2025, increasing his direct common stock holding to 2,759,379 shares. The filing shows 39,350 shares were withheld to satisfy taxes at a price of $26.53, leaving 2,720,029 directly held shares. In addition to direct holdings, the report discloses indirect positions: 17,590,238 shares held by Cummins Family Ltd. and 1,626,453 shares held by 272 Capital, LLC, reflecting substantial indirect control. The form clarifies 742,166 shares are in the reporting person’s IRA and the RSUs vest on a one-for-one basis with no expiration.