Zhang Jason Gechen 4
4 · Applied Digital Corp. · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
Applied Digital (APLD) President Jason Zhang Receives 500,000 RSU Award
What Happened
Jason Gechen Zhang, President of Applied Digital Corp. (APLD), was granted 500,000 restricted stock units (RSUs) on February 6, 2026. The grant was reported on a Form 4 filed February 9, 2026. The RSUs were issued at $0.00 (no immediate purchase price), so the reported acquisition value is $0; actual economic value will depend on Applied Digital’s future share price as the RSUs vest.
Key Details
- Transaction date: February 6, 2026; Form 4 filed February 9, 2026.
- Transaction type/code: Award/Grant (A).
- Shares granted: 500,000 RSUs; reported acquisition price: $0.00; reported value: $0.
- Vesting (per footnote): 100,000 RSUs vest on Feb 6, 2027 (cliff), then 50,000 RSUs every six months thereafter; fully vested on the five-year anniversary of the grant (subject to continued full-time employment in a Board-approved role or accelerated vesting on certain conditions).
- Prior RSUs: filing notes it "includes 750,000 RSUs" granted Aug 8, 2025 with a separate vesting schedule (one-third on Mar 12, 2026, then installments through Mar 12, 2028).
- Shares owned following the transaction: not specified in the provided summary of the filing.
- No sale or purchase of underlying shares occurred—this is a compensation award, not an open-market trade.
Context
RSUs are a form of compensation that entitle the holder to receive company shares in the future if vesting conditions are met. Because these RSUs vest over time and require continued employment (or specified acceleration events), they do not represent an immediate sale or purchase and do not directly signal a near-term bullish or bearish trade by the insider. The economic benefit will materialize only as units vest and are converted to shares (and then potentially taxed or sold).
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-06+500,000→ 1,908,165 total
Footnotes (2)
- [F1]Restricted stock units ("RSUs") granted on February 6, 2026 (the "Grant Date") represent a contingent right to receive shares of common stock of Applied Digital (the "Company") on a one-for-one basis, have no expiration date, and vest as follows: 100,000 RSUs on February 6, 2027 (the "Cliff Date") with the remainder vesting in equal installments of 50,000 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, each such vesting subject to the Reporting Person's continued full-time employment with the Company in a role approved by the Board of Directors of the Company through the applicable vesting date or accelerated vesting upon certain conditions.
- [F2]Includes 750,000 RSU's granted on August 8, 2025. The RSUs represent a contingent right to receive shares of common stock of the Company on a one-for-one basis, have no expiration date, and vest as follows: one-third of the RSU's on March 12, 2026 and one-sixth of the RSUs on September 12, 2026, March 12, 2027, September 12, 2027 and March 12, 2028, each such vesting subject to the Reporting Person's continued full-time employment with the Company in a role approved by the Board of Directors of the Company through the applicable vesting date or accelerated vesting upon certain conditions.