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.
The Applied Digital Corporation (APLD) SEC filings page on Stock Titan provides direct access to the company’s regulatory disclosures, along with AI-powered summaries that help explain key documents. Applied Digital is a Nevada-incorporated data processing and hosting company that designs, builds, and operates high-performance data centers and colocation services for AI, cloud, networking, and blockchain workloads, and its filings offer detailed insight into how it finances and governs these operations.
Investors can review Applied Digital’s Form 8-K current reports describing material events such as the completion of a $2.35 billion 9.25% senior secured notes offering due 2030 through its subsidiary APLD ComputeCo LLC, the related Indenture and covenants, and the intended use of proceeds for the ELN-02 and ELN-03 data centers at the 400 MW Polaris Forge 1 campus. Other 8-K filings outline preferred equity arrangements with Macquarie Asset Management to fund AI Factory campuses, amendments to the company’s Articles of Incorporation and preferred stock designations, and equity incentive plan changes.
Through this page, users can also locate filings that discuss Applied Digital’s financing framework for its Polaris Forge 1 and Polaris Forge 2 AI Factory campuses, including preferred equity purchase agreements, unit purchase agreements, and revolving credit facilities. Governance-related filings cover matters such as annual meeting voting results, equity plan amendments, and changes to authorized share counts.
Stock Titan enhances these filings with AI-generated summaries that highlight important terms, covenants, and risk factors, helping readers interpret lengthy documents like Indentures, preferred equity agreements, and registration-related disclosures. Users can quickly identify information about Applied Digital’s debt obligations, preferred equity structures, potential dilution from warrants or convertible securities, and other capital structure details, while still having access to the full text filed with the SEC.
Hood River Capital Management LLC reports beneficial ownership of 22,037,431 shares of Applied Digital Corp common stock, representing 7.89% of the class as of December 31, 2025. Hood River has sole power to dispose of these shares but no power to vote them.
The firm certifies the position was acquired and is held in the ordinary course of business, without the purpose or effect of changing or influencing control of Applied Digital. The filing is signed by Robert Schmaltz, CCO and COO of Hood River.
Applied Digital Corp. investor Jane Street Group, LLC reports beneficial ownership of 20,743,643 shares, or 7.0% of the company’s common stock. All voting and dispositive power over these shares is shared rather than sole.
The reported position includes 15,960,068 shares that can be acquired from warrants held by Jane Street Global Trading, LLC, using a total share count of 295,223,594 for the ownership calculation. Jane Street certifies the securities are not held to change or influence control of Applied Digital.
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 Corporation approved large, long-term equity awards for President and Co-Founder Jason Zhang and Chief Financial Officer Saidal Mohmand. Zhang received 1,500,000 performance stock units (PSUs) and 500,000 restricted stock units (RSUs), while Mohmand received 750,000 PSUs and 250,000 RSUs under the 2024 Omnibus Equity Incentive Plan.
The PSUs vest only if ambitious hyperscaler contract, capacity, and net operating income targets are met over multi-year periods, with additional rules for Change in Control and certain terminations. RSUs vest over five years, with partial or full acceleration on specific termination events. The Board notes the PSUs and RSUs each represent less than 1% of shares outstanding as of the grant date and are intended to replace future equity grants for the next five years, aligning the executives’ incentives with long-term growth in high-performance computing data center operations.
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.
The Vanguard Group has disclosed an 8.65% stake in Applied Digital Corp common stock. Vanguard reports beneficial ownership of 24,168,082 shares, with shared voting power over 2,000,055 shares and shared dispositive power over all 24,168,082 shares, and no sole voting or dispositive power.
The filing notes that The Vanguard Group went through an internal realignment on January 12, 2026, after which certain subsidiaries or business divisions are expected to report beneficial ownership separately, while pursuing the same investment strategies as before.
A stockholder has filed a notice of intent to sell up to 100,000 shares of common stock of the issuer through Charles Schwab Corp on or about 01/29/2026 on the Nasdaq, with an indicated aggregate market value of $3,876,000. These shares were acquired on 10/06/2020 via a Convertible Preferred Note Purchase from the issuer, in a single acquisition of 100,000 shares.
Over the past three months, the same seller, Chuck Hastings, has already sold common shares in three transactions: 50,000 shares on 10/29/2025 for gross proceeds of $1,784,535.26, 25,000 shares on 10/30/2025 for $860,954.16, and 25,000 shares on 10/31/2025 for $856,775.03. The notice also includes the standard representation that the seller is not aware of any undisclosed material adverse information about the issuer’s operations.
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.