Wes Cummins - 04 Oct 2025 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
CEO; Chairman, Director, 10%+ Owner
Signature
/s/ Mark Chavez as Attorney-in-Fact
Issuer symbol
APLD
Transactions as of
04 Oct 2025
Net transactions value
-$1,043,956
Form type
4
Filing time
07 Oct 2025, 16:21:46 UTC
Previous filing
11 Sep 2025
Next filing
14 Oct 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Cummins Wes CEO; Chairman, Director, 10%+ Owner 3811 TURTLE CREEK BOULEVARD, SUITE 2100, DALLAS /s/ Mark Chavez as Attorney-in-Fact 07 Oct 2025 0001391935

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Options Exercise +100,000 +3.8% 2,759,379 04 Oct 2025 Direct F1, F2
transaction APLD Common Stock Tax liability $1,043,956 -39,350 -1.4% $26.53 2,720,029 04 Oct 2025 Direct F3
holding APLD Common Stock 17,590,238 04 Oct 2025 See Footnote. F4
holding APLD Common Stock 1,626,453 04 Oct 2025 See Footnote F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction APLD Restricted Stock Unit Options Exercise $0 -100,000 -50% $0.000000 100,000 04 Oct 2025 Common Stock 100,000 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") granted on April 4, 2023 represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Issuer") on a one-for-one basis. The RSUs have no expiration date and vest as follows: 200,000 on April 4, 2024 and 100,000 on each of October 4, 2024, April 4, 2025, October 4, 2025, and April 4, 2026.
F2 Includes 742,166 shares held in the Reporting Person's IRA.
F3 Represents the withholding of shares of common stock of the Issuer for tax purposes in connection with the vesting of RSUs previously granted, which does not constitute an actual sale or other open market transaction.
F4 Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.
F5 Shares are held by 272 Capital, LLC, of which the Reporting Person is the President.