Wes Cummins - 10 Apr 2026 Form 4 Insider Report for Applied Digital Corp. (APLD)

Reporting relationship: CEO; Chairman, Director
Issuer ticker: APLD
Reported as of: 10 Apr 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 14 Apr 2026, 17:24:06 UTC
Prior SEC filing: 07 Apr 2026
Next SEC filing: 15 May 2026
Source filing: View source filing
Reporting owner signature: /s/ Mark Chavez as Attorney-in-Fact

Key filing fact

Wes Cummins filed Form 4 for Applied Digital Corp. (APLD) on 14 Apr 2026.

Key facts

This page summarizes Wes Cummins's Form 4 filing for Applied Digital Corp. (APLD).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 14 Apr 2026, 17:24.

Change

Previous filing in this sequence was filed on 07 Apr 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 0001391935 Primary reporting owner

Cummins Wes

Relationship: CEO; Chairman, Director
Address: 3811 TURTLE CREEK BOULEVARD, SUITE 2100, DALLAS
Signature: /s/ Mark Chavez as Attorney-in-Fact
Signature date: 14 Apr 2026

Reported non-derivative transactions

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

APLD transaction

Common Stock

Options Exercise

Transaction value
Shares: +100,000
Change %: +2.4%
Price
Shares after: 4,341,750
Date: 10 Apr 2026
Ownership: Direct
Footnotes: F1, F2, F3

APLD transaction

Common Stock

Tax liability

Transaction value
Shares: -39,350
Change %: -0.91%
Price: $26.26^*
Shares after: 4,302,400
Date: 10 Apr 2026
Ownership: Direct
Footnotes: F2, F3, F4

APLD holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 17,590,238
Date: 10 Apr 2026
Ownership: See Footnote.
Footnotes: F5

APLD holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 722,483
Date: 10 Apr 2026
Ownership: See Footnote
Footnotes: F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

APLD transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
Shares: -100,000
Change %: -25%
Price: $0.000000^*
Shares after: 300,000
Date: 10 Apr 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 100,000
Exercise price
Footnotes: F1

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Restricted stock units ("RSUs") granted on October 10, 2024, represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis. The RSUs have no expiration date and vest as follows: 200,000 vested on October 10, 2025, 100,000 vested on April 10, 2026 and 100,000 shall vest on each of October 10, 2026, April 10, 2027, and October 10, 2027.

Footnote F2

Includes 742,166 shares held in the Report Person's IRA.

Footnote F3

Includes 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 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, subject to continued full-time employment in a role approved by the Board of Directors through such 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 RSUs, which does not constitute an actual sale or other open market transaction.

Footnote F5

Shares are held by Cummins Family Ltd., of which the Reporting Person is the CEO.

Footnote F6

Shares are held by 272 Capital, of which the Reporting Person was the President.