SEC Form 4 · accession 0001144879-26-000040
Applied Digital Corp. · APLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Gechen Zhang
Officer — President
Period of report
Jul 1, 2026
Accepted (ET)
Jul 2, 2026 · 4:11 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001144879
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Jul 1, 2026 | A | 300,000 | — | A | 2,115,128 | D | |
| Common StockF4 | Jul 1, 2026 | F | 118,050 | $35.52 | D | 1,997,078 | D | |
| Common StockF5,F2,F3 | Jul 1, 2026 | A | 375,000 | — | A | 2,372,078 | D | |
| Common StockF4 | Jul 1, 2026 | F | 147,563 | $35.52 | D | 2,224,515 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares received upon the vesting of 300,000 performance stock units ("PSUs") granted on March 12, 2025 (the "Grant Date") which represented a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis.
- F2Includes 500,000 restricted stock units ("RSUs") granted on February 6, 2026. The RSUs represent a contingent right to receive shares of common stock of the Company on a one-for-one basis, have no expiration date, and vest as follows: 100,000 RSUs on February 6, 2027 (the "Cliff Date") with the remainder vesting in equal installments of 50,000 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, each such vesting subject to the Reporting Person's continued full-time employment with the Company in a role approved by the Board of Directors of the Company through the applicable vesting date or accelerated vesting upon certain conditions.
- F3Includes 500,000 RSUs granted on August 8, 2025. The RSUs represent a contingent right to receive shares of common stock of the Company on a one-for-one basis, have no expiration date, and vest as follows: 125,000 of the RSUs shall vest on each of September 12, 2026, March 12, 2027, September 12, 2027 and March 12, 2028, each such vesting subject to the Reporting Person's continued full-time employment with the Company in a role approved by the Board of Directors of the Company through the applicable date or accelerated vesting upon certain conditions.
- F4Represents the withholding of shares of common stock of the Company for tax purposes in connection with the immediate vesting of PSUs, which does not constitute an actual sale or other open market transaction.
- F5Shares received upon the vesting of 375,000 PSUs granted on February 6, 2026, which represented a contingent right to receive shares of common stock of the Company on a one-for-one basis.