Jason Zhang - Nov 25, 2025 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Chief Strategy Officer
Signature
/s/ Mark Chavez as Attorney-in-Fact
Stock symbol
APLD
Transactions as of
Nov 25, 2025
Transactions value $
-$1,518,372
Form type
4
Date filed
11/28/2025, 05:09 PM
Previous filing
Aug 12, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Zhang Jason Gechen Chief Strategy Officer 3811 TURTLE CREEK BOULEVARD, SUITE 2100, DALLAS /s/ Mark Chavez as Attorney-in-Fact 2025-11-28 0001900445

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Award $0 +170K +13.09% $0.00 1.47M Nov 25, 2025 Direct F1, F2
transaction APLD Common Stock Tax liability -$1.52M -60.9K -4.14% $24.94 1.41M Nov 25, 2025 Direct F2, F3
* 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 November 25, 2025, that immediately vested upon grant in accordance with the terms of the award agreement.
F2 Includes 750,000 RSUs granted on August 8, 2025. The RSUs represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis, have no expiration date, and vest as follows: one-third of the RSUs on March 12, 2026 and one-sixth of the RSUs on September 12, 2026, March 12, 2027, September 12, 2027 and March 12, 2028, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.
F3 Represents the withholding of shares of common stock of the Company for tax purposes in connection with the immediate vesting of the RSUs, which does not constitute an actual sale or other open market transaction.