Form 4 for APLD Applied Digital Corp.

Accepted 2026-01-16 00:00:00 ET · period of report 2026-01-16 · accession 0001144879-26-000012 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
	2026-01-16	2026-01-16	APLD	Cummins Wes	CEO, COB, Dir	S - Sale	$36.42	-165.0K	4.18M	-4%	-$6.01M

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2026-01-16	S	D	165,000	$36.42	4,176,329	D	—	—	(F1) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.07 to $37.46, inclusive. (F3) Includes 742,166 shares held in the Reporting Person's IRA. (F2) Includes (i) 1,500,000 restricted stock units ("RSUs") granted on January 6, 2026 (the "Grant Date") which represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis, and vest as follows: 300,000 RSUs on January 6, 2027 (the "Cliff Date"), with the remainder vesting in equal installments of 150,000 RSUs every six months after the Cliff Date, such that the RSUs will be fully vested on the five-year anniversary of the Grant Date, (ii) 600,000 RSUs granted on April 4, 2023, of which 500,000 RSUs have vested and 100,000 RSUs will vest on April 4, 2026, and (iii) 600,000 RSUs granted on October 10, 2024, of which 200,000 RSUs have vested and 100,000 RSUs will vest on each of April 10, 2026, October 10, 2026, April 10, 2027 and October 10, 2027; in each case, subject to continued full-time employment in a role approved by the Board of Directors through such date or accelerated vesting upon certain conditions.