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 (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 Corporation furnished an update under Item 7.01. The company announced it has entered into a lease agreement at its state-of-the-art, purpose-built Polaris Forge 2 Campus, which is under construction near Harwood, North Dakota.
The company also posted an updated investor presentation on its website and attached the press release and presentation as Exhibits 99.1 and 99.2. The furnished information is not deemed filed under the Exchange Act.
Applied Digital (APLD) amended its Preferred Equity Purchase Agreement to expand available funding for its North Dakota data centers and general corporate needs. The aggregate commitment for Series G Convertible Preferred Stock rose from $590.0 million to $1.590 billion.
The amendment sets a $75,000,000 maximum per put issuance, limits puts to one every seven business days, and caps the stated value outstanding at any time at $75,000,000. Terms were adjusted to increase the original discount from 2% to 3%, eliminate the placement agent fee, and remove the prohibition on Variable Rate Transactions. Common shares issuable upon conversion of the Series G are required to be registered for resale as soon as practicable after November 5, 2025, and no later than November 12, 2025.
Separately, the Company amended its Certificate of Designations to increase authorized Series G shares from 204,000 to 1,030,000 and raised the Floor Price minimum from $4.33 to $4.48, with the Board able to adjust the applicable Floor Price for any put.
Applied Digital Corporation amended the Certificate of Designations for its Series G Convertible Preferred Stock. Effective October 14, 2025, the Company increased the Floor Price used to set the minimum conversion price to $34.00 from $22.00. The Floor Price is the lowest level at which the preferred shares may convert, and it may not be reduced unless the Company decides to do so at its discretion.
Applied Digital filed a prospectus supplement covering the resale of up to 18,220,863 shares of common stock by selling stockholders. This reflects that 26,710,660 shares were previously sold under the Prospectus out of the 44,931,523-share Exchange Cap tied to Series G Preferred conversions.
The company will not receive proceeds from these resales. Separately, it has received $450 million in gross proceeds from prior issuances of Series G Preferred Stock and may receive up to an additional $140 million from issuances pursuant to the Third Amendment, subject to a 2% placement fee to B. Riley Securities, Inc.
On October 7, 2025, the PEPA commitment for Series G Preferred increased to $590 million, and on October 14, 2025, the Floor Price in the Certificate of Designation was raised to $34.00 from $22.00. Conversions are subject to a 4.99% beneficial ownership limit and the Nasdaq 19.99% Exchange Cap. Shares outstanding were 279,685,875 as of October 10, 2025. The last reported sale price was $33.99 on October 10, 2025.
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 Corporation closed an amended investment partnership with Macquarie Asset Management affiliates to help fund its Polaris Forge 1 high-performance computing data center in North Dakota. Through an indirect subsidiary, the company sold 112,500 preferred units at $1,000 each for total proceeds of $112.5 million and, for no additional consideration, issued common units equal to 7.5% of the subsidiary’s fully diluted common equity immediately after closing. The subsidiary’s new limited liability company agreement grants the Macquarie-led investor customary governance, information and transfer rights and provides for mandatory redemption of its units at a liquidation preference if the subsidiary represents at least 80% of the company’s value in a sale. Applied Digital also issued warrants to Macquarie-designated affiliates to buy 2,400,000 company common shares at $8.29 per share, which become exercisable if the investor funds a total of $450 million for Polaris Forge 1, and agreed to register the resale of the warrant shares.
Applied Digital Corporation reported an operational quarter driven by growth in its HPC Hosting business and material financing activity. Revenue rose 95% to $64.2M for the three months ended August 31, 2025, largely from tenant fit-out services that contributed $26.3M. The company classified its Cloud Services Business as held for sale and reported it as discontinued operations, recognizing $16.7M of revenue in discontinued operations for the period.
Applied Digital strengthened liquidity via an at-the-market sales program that generated approximately $196.4M and expanded its Series G Preferred commitment (eventually increasing the program and issuing convertible preferred shares that were converted into common stock). The company also executed data center leases with CoreWeave that bring Polaris Forge 1 capacity under contract to 400 MW, and has secured additional financing and a promissory note to support Polaris Forge 2 development.