HASTINGS CHUCK 4

What Happened
Chuck Hastings, a director of Applied Digital Corporation (APLD), sold 45,987 shares on January 29, 2026 in an open-market transaction (reported as an open market or private sale). The shares were sold at $38.57 per share for proceeds of $1,773,719. This was a sale (not a purchase); sales by insiders are common and do not necessarily indicate a change in company outlook.

Key Details

• Transaction date: January 29, 2026; filing date: January 30, 2026 (timely filing).
• Transaction type: Sale (S) — open market or private sale per the Form 4.
• Shares sold: 45,987 at $38.57 per share; total proceeds $1,773,719.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Filing notes 7,747 restricted stock units (RSUs) granted Nov 9, 2025 to non-employee directors; RSUs convert 1-for-1 to common stock, vest in full on Nov 5, 2026 (subject to continued service), and have no expiration.
• No 10b5-1 plan, tax-withholding, or late-filing flag noted in the report.

Context

• Insider sales are routine (cash liquidity, diversification, tax planning, etc.) and do not by themselves signal company performance.
• The disclosed RSUs are unvested awards for board service and will not convert to shares until vesting on Nov 5, 2026 unless otherwise noted.