SEC Form 4 · accession 0001628280-26-045212
Applied Digital Corp. · APLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mohammad Saidal LaVanway Mohmand
Officer — Chief Financial Officer
Period of report
Jun 22, 2026
Accepted (ET)
Jun 24, 2026 · 4:36 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 | Jun 22, 2026 | A | 490,000 | — | A | 919,246 | D | |
| Common StockF3,F2 | Jun 22, 2026 | F | 192,815 | $45.20 | D | 726,431 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares received upon the vesting of 490,000 performance stock units ("PSUs") granted on November 15, 2024, which represented a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis.
- F2Includes 250,000 restricted stock units ("RSUs") granted on February 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, have no expiration date, and vest as follows: 50,000 RSUs on February 6, 2027 (the "Cliff Date") with the remainder vesting in equal installments of 25,000 RSUs every six months 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.
- F3Represents the withholding of shares of common stock of the Company for tax purposes in connection with the vesting of PSUs, which does not constitute an actual sale or other open market transaction.