Mohmand Mohammad Saidal LaVanway 4

What Happened

• Mohammad Saidal LaVanway, Chief Financial Officer of Applied Digital Corporation (APLD), had restricted stock units (RSUs) vest and convert into 94,167 shares on April 4, 2026. To cover tax withholding, 36,330 shares were withheld (disposed) at a per-share value of $24.56, totaling approximately $892,265. After withholding, LaVanway received a net ~57,837 shares (94,167 vested − 36,330 withheld).
• This was a routine vesting/conversion of RSUs (derivative-code M) with tax withholding (code F), not an open-market sale or a new cash purchase.

Key Details

• Transaction date: April 4, 2026; Form 4 filed April 7, 2026 (timely filing).
• Vested/converted shares: 94,167 total (12,500 + 81,667 reported).
• Shares withheld for taxes: 36,330 shares at $24.56/share; total withheld value ≈ $892,265 (reported as $103,005 and $789,260 in two entries).
• Net shares delivered to insider: ~57,837 shares.
• Relevant footnotes:
  • F1 & F4: Describe prior RSU grants (April 4, 2023 grant and Oct 17, 2024 grant) and their vesting schedules that produced the vested RSUs.
  • F2: Notes a separate 250,000 RSU grant on Feb 6, 2026 with multi-year vesting (not part of this immediate conversion).
  • F3: Confirms the withholding of shares for tax purposes is not an open-market sale.
• Transaction codes: M = exercise/conversion of derivative (here, RSU conversion); F = shares withheld to satisfy tax obligations.

Context

• This filing reflects RSU vesting and tax withholding—a common executive compensation event—not a purchase (bullish signal) or an open-market sale (which might signal liquidity-taking).
• The withheld shares to cover taxes are a cashless-type settlement and do not necessarily reflect the insider’s market view. No 10% owner or 10b5-1 plan was indicated in the filing.