Wes Cummins - 16 Jan 2026 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
CEO; Chairman, Director
Signature
/s/ Mark Chavez as Attorney-in-Fact
Issuer symbol
APLD
Transactions as of
16 Jan 2026
Net transactions value
-$6,009,300
Form type
4
Filing time
16 Jan 2026, 17:23:51 UTC
Previous filing
08 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Cummins Wes CEO; Chairman, Director 3811 TURTLE CREEK BOULEVARD, SUITE 2100, DALLAS /s/ Mark Chavez as Attorney-in-Fact 16 Jan 2026 0001391935

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Sale $6,009,300 -165,000 -3.8% $36.42 4,176,329 16 Jan 2026 Direct F1, F2, F3
holding APLD Common Stock 17,590,238 16 Jan 2026 See Footnote. F4
holding APLD Common Stock 722,483 16 Jan 2026 See Footnote F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.07 to $37.46, inclusive.
F2 Includes (i) 1,500,000 restricted stock units ("RSUs") granted on January 6, 2026 (the "Grant Date") which represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis, and vest as follows: 300,000 RSUs on January 6, 2027 (the "Cliff Date"), with the remainder vesting in equal installments of 150,000 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, (ii) 600,000 RSUs granted on April 4, 2023, of which 500,000 RSUs have vested and 100,000 RSUs will vest on April 4, 2026, and (iii) 600,000 RSUs granted on October 10, 2024, of which 200,000 RSUs have vested and 100,000 RSUs will vest on each of April 10, 2026, October 10, 2026, April 10, 2027 and October 10, 2027; in each case, subject to continued full-time employment in a role approved by the Board of Directors through such date or accelerated vesting upon certain conditions.
F3 Includes 742,166 shares held in the Reporting Person's IRA.
F4 Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.
F5 Shares are held by 272 Capital, LP, of which the Reporting Person was the President and CEO.