Rachel H. Lee - 09 Nov 2025 Form 4 Insider Report for Applied Digital Corp. (APLD)

Reporting relationship: Director
Issuer ticker: APLD
Reported as of: 09 Nov 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 10 Nov 2025, 21:07:49 UTC
Prior SEC filing: 28 Oct 2025
Next SEC filing: 08 Jan 2026
Source filing: View source filing
Reporting owner signature: /s/ Mark Chavez as Attorney-in-Fact

Key filing fact

Rachel H. Lee filed Form 4 for Applied Digital Corp. (APLD) on 10 Nov 2025.

Key facts

This page summarizes Rachel H. Lee's Form 4 filing for Applied Digital Corp. (APLD).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 10 Nov 2025, 21:07.

Change

Previous filing in this sequence was filed on 28 Oct 2025.
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 0001704740 Primary reporting owner

Lee Rachel H.

Relationship: Director
Address: 3811 TURTLE CREEK BOULEVARD, SUITE 2100, DALLAS
Signature: /s/ Mark Chavez as Attorney-in-Fact
Signature date: 10 Nov 2025

Reported non-derivative transactions

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

APLD transaction

Common Stock

Award

Transaction value: $0
Shares: +7,747
Change %: +13%
Price: $0.000000
Shares after: 67,147
Date: 09 Nov 2025
Ownership: Direct
Footnotes: F1, F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Restricted stock units ("RSUs") granted on November 9, 2025 to non-employee directors for board service. The RSUs convert into shares of common stock of Applied Digital Corporation (the "Issuer") on a one-for-one basis, have no expiration date, and vest in full on November 5, 2026, subject to the Reporting Person's continued service through such date.

Footnote F2

Includes 28,606 RSUs granted on December 27, 2024 to non-employee directors for board service. The RSUs convert into shares of common stock of the Issuer on a one-for-one basis, have no expiration date, and vest in full on November 20, 2025, subject to the Reporting Person's continued service through such date.

Footnote F3

Includes 46,190 shares of restricted stock granted on February 22, 2024 as an initial grant upon initiation of board service. Of these shares, 15,396 vested on February 22, 2025 and 15,397 will vest on each of February 22, 2026 and February 22, 2027, subject to the Reporting Person being a director of the Issuer on each such date.