4//SEC Filing
Cummins Wes 4
Accession 0001144879-26-000012
CIK 0001144879other
Filed
Jan 15, 7:00 PM ET
Accepted
Jan 16, 5:23 PM ET
Size
8.0 KB
Accession
0001144879-26-000012
Insider Transaction Report
Form 4
Cummins Wes
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
- 17,590,238(indirect: See Footnote.)
Common Stock
[F4] - 722,483(indirect: See Footnote)
Common Stock
[F5]
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
Issuer
Applied Digital Corp.
CIK 0001144879
Entity typeother
Related Parties
1- filerCIK 0001391935
Filing Metadata
- Form type
- 4
- Filed
- Jan 15, 7:00 PM ET
- Accepted
- Jan 16, 5:23 PM ET
- Size
- 8.0 KB