Zhang Jason Gechen 4
4 · Applied Digital Corp. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Applied Digital President Jason Zhang Withholds 93,037 Shares
What Happened Jason (Gechen) Zhang, President of Applied Digital Corporation (APLD), had 93,037 shares of APLD withheld on March 12, 2026 to cover tax liabilities related to the vesting of restricted stock units (RSUs). The transaction is reported as a disposal at $27.48 per share, for a notional value of $2,556,657. This was a tax-withholding event tied to RSU vesting, not an open-market sale.
Key Details
- Transaction date: March 12, 2026; reported on Form 4 filed March 13, 2026 (filed one day after the transaction).
- Reported disposition: 93,037 shares at $27.48 each (total value ~$2,556,657); transaction code F = tax withholding.
- Shares owned after transaction: not specified in the provided filing.
- Notable footnotes:
- F1: The withholding represents shares retained by the company to satisfy tax obligations on RSU vesting and does not constitute an open-market sale.
- F2: Includes 500,000 RSUs granted Feb 6, 2026 (vest: 100,000 on Feb 6, 2027, then 50,000 every six months; fully vested in 5 years, subject to continued employment).
- F3: Includes 500,000 RSUs granted Aug 8, 2025 (vests 125,000 on each of Sept 12, 2026; Mar 12, 2027; Sept 12, 2027; Mar 12, 2028; subject to continued employment).
Context
- Tax-withholding disposals (code F) are routine administrative actions that reduce share count to cover withholding obligations when RSUs vest; they do not necessarily indicate the insider sold shares on the open market or a change in sentiment.
- The filing appears timely (reported the day after the transaction).
Insider Transaction Report
Form 4
Zhang Jason Gechen
President
Transactions
- Tax Payment
Common Stock
[F1][F2][F3]2026-03-12$27.48/sh−93,037$2,556,657→ 1,815,128 total
Footnotes (3)
- [F1]Represents the withholding of shares of common stock of Applied Digital Corporation (the "Company") for tax purposes in connection with the vesting of RSUs, which does not constitute an actual sale or other open market transaction.
- [F2]Includes 500,000 restricted stock units ("RSUs") granted on February 6, 2026. 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: 100,000 RSUs on February 6, 2027 (the "Cliff Date") with the remainder vesting in equal installments of 50,000 RSUs every six months 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.
- [F3]Includes 500,000 restricted stock units ("RSUs") 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: 125,000 of the RSUs shall vest on each of 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 date or accelerated vesting upon certain conditions.
Signature
/s/ Mark Chavez as Attorney-in-Fact|2026-03-13