Form 4 for APLD Applied Digital Corp.
Accepted 2026-08-04 17:22:08 ET · period of report 2026-07-31 · accession 0001391935-26-000005 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-08-04 17:22 | 2026-07-31 | APLD | Cummins Wes | CEO, COB, Dir | A - Grant | — | +1.60M | 6.39M | +33% | — | |
| 2026-08-04 17:22 | 2026-07-31 | APLD | Cummins Wes | CEO, COB, Dir | F - Tax | $27.39 | -629.6K | 5.76M | -10% | -$17.24M | |
| I | 2026-08-04 17:22 | 2026-08-04 | APLD | Cummins Wes | CEO, COB, Dir | J - Other | — | -714.7K | 12.8K | -98% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2026-07-31 | A | A | 1,600,000 | — | 6,387,600 | D | — | — | (F1) Shares received upon the vesting of 1,600,000 performance stock units ("PSUs") granted on March 27, 2025, which represented a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis. (F2) Includes 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 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, subject to continued full-time employment in a role approved by the Board of Directors of the Company through such date or accelerated vesting upon certain conditions. (F3) Includes 742,166 shares held in the Reporting Person's IRA. |
| 2 | Common | Common Stock | 2026-07-31 | F | D | 629,600 | $27.39 | 5,758,000 | D | — | — | (F4) Represents the withholding of shares of common stock the Company for tax purposes in connection with the vesting of PSUs, which does not constitute an actual sale or other open market transaction. (F2) Includes 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 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, subject to continued full-time employment in a role approved by the Board of Directors of the Company through such date or accelerated vesting upon certain conditions. (F3) Includes 742,166 shares held in the Reporting Person's IRA. |
| 3 | Common | Common Stock | 2026-08-04 | J | D | 714,685 | — | 12,798 | I See Footnote | — | — | (F6) Represents a distribution of shares of 272 Capital, LP ("272 Capital") of which the Reporting Person was President. (F6) Represents a distribution of shares of 272 Capital, LP ("272 Capital") of which the Reporting Person was President. (F7) Prior Section 16 filings of the Reporting Person inadvertently omitted 5,000 shares held by 272 Capital due to an administrative error. This error is corrected herein and does not reflect an additional reportable transaction. (F8) Shares are held by 272 Capital, of which the Reporting Person was the President. |