SEC Form 4 · accession 0002050897-26-000002
Applied Digital Corp. · APLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laura Laltrello
Officer — Chief Operating Officer
Period of report
Jul 31, 2026
Accepted (ET)
Aug 4, 2026 · 4:29 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 | Jul 31, 2026 | A | 600,000 | — | A | 1,073,796 | D | |
| Common StockF3,F2 | Jul 31, 2026 | F | 260,640 | $27.39 | D | 813,156 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares received upon the vesting of 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.
- F2Includes remaining amount of 600,000 restricted stock units ("RSUs") granted on January 6, 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: one-third of the RSUs vested on January 6, 2026, one-sixth of the RSUs vested on July 6, 2026, and one-sixth of the RSUs shall vest on January 6, 2027, July 6, 2027 and January 6, 2028, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.
- 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.