Applied Digital director Douglas S. Miller sold 10,000 shares at $15 per share on 08/07/2025, leaving beneficial ownership of 211,112 shares. The filing also discloses the Reporting Person holds 28,606 restricted stock units (RSUs) granted December 27, 2024 that convert one-for-one to common stock and vest in full on November 20, 2025, subject to continued service. The RSUs have no expiration date and represent a contingent right to receive shares upon vesting, which would increase future share holdings.
This disclosure is a routine Section 16 report showing an insider sale and the existence of director RSUs; it documents current direct ownership and the pending equity award that will vest if service continues.
On 08/05/2025, Applied Digital Corp. (APLD) CEO, Chairman and 10% owner Wes Cummins filed a Form 4 detailing insider equity activity.
- RSU conversion (Code M): 83,334 restricted stock units vested and were exchanged one-for-one into common shares; no cash price is stated.
- Tax withholding (Code F): 32,792 of those shares were retained by the issuer at $14.89 per share to cover payroll taxes—this is not an open-market sale.
After the transactions Cummins directly owns 3,059,379 shares (including 742,166 in his IRA). He also controls 17,590,238 shares via Cummins Family Ltd. and 1,626,453 shares through B. Riley Asset Management, bringing total beneficial ownership to roughly 22.3 million shares and preserving his >10 % insider status.
No derivative securities remain outstanding from the 08/05/2022 RSU grant. The filing reports no open-market purchases or sales aside from the automatic tax withholding.
Applied Digital Corp. (APLD) Form 4: Director Richard N. Nottenburg disclosed an open-market sale of 13,686 common shares on 08/04/2025 at $12.50 per share, realizing roughly $171,000. After the transaction he still holds 329,237 shares directly.
The retained position includes 28,606 restricted stock units granted 12/27/2024 that vest 11/20/2025 and 200,000 restricted shares granted 05/13/2024 that vest 100,000 shares each on 05/13/2026 and 05/13/2027, conditional on continued board service. The sale represents about 4% of his reported holdings, indicating a modest liquidity move while preserving a sizeable, incentive-aligned stake.
Report: Form 4 filed for Douglas S. Miller (Director) of Applied Digital Corporation (APLD) discloses a sale of 10,000 shares on 08/04/2025 at $13.63 per share (transaction code S).
Holdings: Beneficial ownership following the transaction is reported as 221,112 shares (direct). The filing includes a footnote that the total includes 28,606 restricted stock units (RSUs) granted 12/27/2024 to non-employee directors; the RSUs represent a contingent right to receive one share per RSU, have no expiration, and vest in full on 11/20/2025 subject to continued service.
Filing details: Form filed by one reporting person; relationship checked: Director. Form signed by attorney-in-fact Mark Chavez on 08/06/2025.
Applied Digital Corp. (APLD) filed a Form 144 that discloses a proposed sale of 10,000 common shares through Morgan Stanley Smith Barney. At the filing’s stated value of $136,300, the transaction is modest.
The stock was obtained on 11 Nov 2023 via restricted-stock vesting under a company plan and may be sold on or after 4 Aug 2025 on the Nasdaq. With 261.5 million shares outstanding, the contemplated sale represents roughly 0.004 % of APLD’s equity. No other insider sales were reported during the past three months. Given its small size, the notice is viewed as immaterial to valuation or liquidity.