Jason Gechen Zhang - 31 Jul 2026 Form 4 Insider Report for Applied Digital Corp. (APLD)

Reporting relationship: President
Issuer ticker: APLD
Reported as of: 31 Jul 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 04 Aug 2026, 16:23:26 UTC
Prior SEC filing: 02 Jul 2026
Source filing: View source filing
Reporting owner signature: /s/ Mark Chavez as Attorney-in-Fact

Key filing fact

Jason Gechen Zhang filed Form 4 for Applied Digital Corp. (APLD) on 04 Aug 2026.

Key facts

This page summarizes Jason Gechen Zhang's Form 4 filing for Applied Digital Corp. (APLD).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 04 Aug 2026, 16:23.

Change

Previous filing in this sequence was filed on 02 Jul 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001900445 Primary reporting owner

Zhang Jason Gechen

Relationship: President
Address: 3811 TURTLE CREEK BOULEVARD, SUITE 2100, DALLAS
Signature: /s/ Mark Chavez as Attorney-in-Fact
Signature date: 04 Aug 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

APLD transaction

Common Stock

Award

Transaction value
Shares: +600,000
Change %: +27%
Price
Shares after: 2,824,515
Date: 31 Jul 2026
Ownership: Direct
Footnotes: F1, F2, F3

APLD transaction

Common Stock

Tax liability

Transaction value
Shares: -236,100
Change %: -8.4%
Price: $27.39^*
Shares after: 2,588,415
Date: 31 Jul 2026
Ownership: Direct
Footnotes: F2, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Shares 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.

Footnote F2

Includes 500,000 restricted stock units ("RSUs") granted on February 6, 2026 (the "Grant Date"), which 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 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.

Footnote F3

Includes 500,000 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.

Footnote F4

Represents 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.