Jason Gechen Zhang - 12 Mar 2026 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
President
Signature
/s/ Mark Chavez as Attorney-in-Fact
Issuer symbol
APLD
Transactions as of
12 Mar 2026
Net transactions value
$0
Form type
4
Filing time
13 Mar 2026, 16:25:06 UTC
Previous filing
09 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Zhang Jason Gechen President 3811 TURTLE CREEK BOULEVARD, SUITE 2100, DALLAS /s/ Mark Chavez as Attorney-in-Fact 13 Mar 2026 0001900445

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Tax liability -93,037 -4.9% $27.48* 1,815,128 12 Mar 2026 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the withholding of shares of common stock of Applied Digital Corporation (the "Company") for tax purposes in connection with the vesting of RSUs, which does not constitute an actual sale or other open market transaction.
F2 Includes 500,000 restricted stock units ("RSUs") granted on February 6, 2026. 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: 100,000 RSUs on February 6, 2027 (the "Cliff Date") with the remainder vesting in equal installments of 50,000 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.
F3 Includes 500,000 restricted stock units ("RSUs") granted on August 8, 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: 125,000 of the RSUs shall vest on each of September 12, 2026, March 12, 2027, September 12, 2027 and March 12, 2028, 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 date or accelerated vesting upon certain conditions.