Welcome to our dedicated page for Applied Digital SEC filings (Ticker: APLD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Applied Digital Corporation's SEC filings reveal the financial dynamics of scaling AI infrastructure and digital asset operations simultaneously. The company's 10-K and 10-Q reports detail capital allocation across multiple concurrent construction projects, breaking down expenditures by facility and development phase. These quarterly and annual filings show how Applied Digital finances growth through convertible instruments and equity raises while managing the cash consumption inherent to pre-revenue infrastructure buildout.
Form 8-K filings for Applied Digital frequently disclose material agreements including power purchase contracts, development loan facilities, customer hosting arrangements, and partnership structures with infrastructure investors. These current reports provide visibility into how the company secures the resources needed for large-scale data center construction. The company's proxy statements reveal executive compensation structures tied to facility development milestones and operational metrics.
For investors analyzing Applied Digital's regulatory disclosures, focus areas include the timing gap between capital deployment and revenue generation as facilities progress from construction to operational status, debt covenants and conversion terms in financing agreements, and segment reporting that separates digital asset mining performance from AI infrastructure hosting economics. Our platform's AI summaries help you quickly extract these critical details from complex SEC documents without manually reviewing hundreds of pages of technical accounting disclosures.
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) announced that its subsidiary, APLD ComputeCo LLC, intends to offer $2.35 billion aggregate principal amount of senior secured notes due 2030 in a private placement to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, subject to market conditions and other factors.
The company furnished selected investor presentation slides as Exhibit 99.1. The announcement is not an offer to sell or a solicitation to buy securities.
Applied Digital Corporation announced that its subsidiary, APLD ComputeCo LLC, intends to offer
The company furnished a press release as Exhibit 99.1. This announcement is not an offer to sell or a solicitation of an offer to buy any securities.
Applied Digital Corporation reported stockholder actions from its November 5, 2025 annual meeting. Stockholders approved an amendment to the 2024 Omnibus Equity Incentive Plan to increase shares authorized for issuance under the plan by 15,000,000. They also approved a charter amendment increasing the company’s authorized common stock to 600,000,000 shares (par value $0.001).
Directors were elected to serve until the 2026 annual meeting, CBIZ CPAs P.C. was ratified as the independent auditor for the fiscal year ending May 31, 2026, and the advisory vote on executive compensation was approved. An adjournment proposal was also approved should additional solicitation have been needed. These actions expand equity plan capacity and authorized share capital while confirming board composition and auditor appointment.
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.
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