Cummins Wes 4

4 · Applied Digital Corp. · Filed Jan 16, 2026

Form 4

Period: 2026-01-16

DirectorCEO; Chairman

Transactions

Sale
Common Stock
[F1][F2][F3]
2026-01-16$36.42/sh−165,000$6,009,300→ 4,176,329 total

Holdings

Footnotes (5)

[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.

Signature

/s/ Mark Chavez as Attorney-in-Fact|2026-01-16

Documents

1 file