MILLER DOUGLAS S 4

What Happened

• Douglas S. Miller, a director of Applied Digital Corporation (APLD), reported a gift of 6,000 shares of common stock on January 22, 2026. The transaction is recorded as a disposition with a reported price of $0.00 and total reported value of $0, reflecting a gift rather than a sale.

Key Details

• Transaction date: 2026-01-22; Form 4 filed with the SEC on 2026-01-23.
• Transaction type/code: Gift (G); price per share listed as $0.00; total reported value $0.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote F1: the transfer was a gift to the reporting person’s children on January 22, 2026.
• Footnote F2: the reporting person’s holdings include 7,747 restricted stock units (RSUs) granted Nov 9, 2025 that convert one-for-one to shares and vest in full on Nov 5, 2026, subject to continued service.
• Filing timeliness: Form 4 was filed the day after the transaction; the filing does not indicate a late filing code.

Context

• Gifts are transfers for estate or personal planning and do not necessarily signal the insider’s view of the company’s prospects in the way purchases or open-market sales might.
• The RSU footnote reflects outstanding director equity awards that will convert to shares upon vesting; these are not the same as the gifted shares.