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.
Applied Digital Corporation approved a major long-term equity package for Chairman and CEO Wes Cummins under its 2024 Omnibus Equity Incentive Plan. The Board granted 4,500,000 performance stock units (PSUs) and 1,500,000 restricted stock units (RSUs), intended to replace future equity grants for the next five years, absent unexpected changes. Each unit converts into one share of common stock upon vesting.
The PSUs vest only if the company’s average closing stock price over 90 consecutive days reaches stock price hurdles of $50, $75 and $100, with 1,500,000 PSUs tied to each level, and must be achieved within five years. The RSUs vest over five years, with 300,000 units vesting after one year and 150,000 every six months thereafter. The company notes the PSU award equals about 1.6% and the RSU award less than 0.6% of shares outstanding as of the grant date, and emphasizes retention, alignment with stockholders, and stock-price-based value creation.
Applied Digital Corporation filed a current report to disclose that it has released its financial results for the second fiscal quarter ended November 30, 2025. The company announced these results in a press release dated January 7, 2026, which is attached to the report as Exhibit 99.1 and incorporated by reference. The report also clarifies that the earnings information in Item 2.02 and Exhibit 99.1 is being furnished, not filed, so it is not subject to certain liability provisions of the Exchange Act or automatically incorporated into other securities filings.
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 Corporation announced that its subsidiary APLD ComputeCo LLC has completed a private offering of $2.35 billion of 9.250% Senior Secured Notes due 2030, issued at 97% of principal. The notes are senior secured obligations that pay interest semi-annually each June 15 and December 15, beginning June 15, 2026, and amortize semi-annually starting December 15, 2027, under an Indenture with Wilmington Trust as trustee and collateral agent.
The company intends to use the net proceeds to help fund construction and related costs for its 100 MW and 150 MW ELN-02 and ELN-03 data centers at its 400 MW Ellendale, North Dakota campus, repay a credit and guaranty facility with Sumitomo Mitsui Banking Corporation, fund debt service reserves, and pay transaction expenses. The Indenture includes customary covenants restricting additional debt, liens, dividends, investments, asset sales, affiliate transactions, and mergers, and requires the Issuer to offer to repurchase the notes at 101% upon certain change of control events. Applied Digital will also provide a completion guarantee for each project related to these facilities.
Applied Digital Corporation is registering up to 8,393,611 shares of common stock for resale by a selling stockholder. These shares are issuable upon exercise of warrants originally issued to CoreWeave, Inc. in connection with a datacenter lease for Building 4 at Polaris Forge 1 and later assigned to Jane Street Global Trading, LLC.
The warrants have an exercise price of $10.75 per share and are subject to a 19.99% beneficial ownership limitation. As of November 13, 2025, Applied Digital had 278,540,327 shares of common stock outstanding, and Jane Street Global Trading, LLC beneficially owned 20,881,848 shares before this offering. Applied Digital will not receive proceeds from any resale of these warrant shares by the selling stockholder.
Applied Digital Corporation is registering 15,000,000 additional shares of its common stock under its 2024 Omnibus Equity Incentive Plan. These new shares follow stockholder approval on November 5, 2025 of an amendment increasing the plan’s share reserve by 15,000,000 shares. The filing is made on Form S-8, which is used to register shares issuable to employees, directors and other service providers as compensation.
The company notes that these shares are in addition to 12,000,000 shares of common stock previously registered on an earlier Form S-8 for the same plan, including shares subject to the plan’s recycling provisions. The registration statement also incorporates by reference the company’s most recent annual report, quarterly report, current reports, and proxy statement, so those filings provide the detailed financial and business information behind this equity compensation program.
Applied Digital (APLD) announced that its subsidiary, APLD ComputeCo LLC, priced an offering of $2.35 billion aggregate principal amount of 9.250% senior secured notes due 2030 at an issue price of 97%. The transaction is expected to close on or around November 20, 2025, subject to market and other conditions.
The notes will be offered to qualified institutional buyers under Rule 144A and to non‑U.S. persons under Regulation S. This notice is not an offer to sell or a solicitation to buy any securities.
Applied Digital Corporation reported that it issued a press release announcing anticipated additional equity financing and a new $65 million revolving credit agreement with First National Bank of Omaha. The company stated these financings are intended to support the continued build-out of its Polaris Forge 1 and Polaris Forge 2 AI Factory campuses.
The press release, dated November 12, 2025, was furnished as Exhibit 99.1. The disclosure includes customary forward-looking statements language outlining project, financing, customer, and market risks related to developing high-performance computing infrastructure.
Applied Digital Corporation filed Post-Effective Amendment No. 2 to its Form S-3 to update a resale registration. The amendment covers up to 47,314,982 shares of common stock, including 44,314,982 shares issuable upon conversion of Series G Convertible Preferred Stock and 3,000,000 shares issuable upon exercise of existing warrants. The shares may be sold from time to time by the named selling stockholders.
The company will not receive proceeds from sales by the selling stockholders. As context, the company previously raised $590 million in gross proceeds from prior Series G issuances and disclosed it may receive up to an additional $1.0 billion from future preferred issuances. Shares outstanding were 285,596,841 as of November 3, 2025. The Series G conversions are subject to a 4.99% beneficial ownership cap and an Exchange Cap of 19.99% under Nasdaq rules. The prospectus keeps the shelf in place so holders can use various permitted sale methods over time.
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.