MILLER DOUGLAS S 4
4 · Applied Digital Corp. · Filed Apr 28, 2026
Research Summary
AI-generated summary of this filing
Applied Digital (APLD) Director Douglas S. Miller Sells 10,000 Shares
What Happened
- Douglas S. Miller, a director of Applied Digital Corporation (APLD), sold 10,000 shares in an open-market transaction on April 27, 2026. The weighted average price was $34.98 per share, for total proceeds of approximately $349,800. This was a sale (disposition), not a purchase or option exercise.
Key Details
- Transaction date: 2026-04-27 (reported on Form 4 filed 2026-04-28).
- Price: weighted average $34.98; individual sale prices ranged from $34.91 to $35.05 (Footnote F1).
- Total value: ~$349,800.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 notes the weighted-average price and price range; F2 discloses 7,747 RSUs granted Nov 9, 2025 to non-employee directors that convert one-for-one into common shares and vest Nov 5, 2026 (these RSUs are separate and had not vested as of the sale).
- No 10b5‑1 trading plan or late-filing indication was disclosed in the form.
Context
- This was an open-market sale by a non-employee director and does not by itself indicate company performance or insider confidence; sales by directors are often routine liquidity transactions.
- The RSUs mentioned (Footnote F2) are director compensation awards that vest in the future and were not the source of the shares sold.
Insider Transaction Report
Form 4
MILLER DOUGLAS S
Director
Transactions
- Sale
Common Stock
[F1][F2]2026-04-27$34.98/sh−10,000$349,800→ 184,859 total
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.91 to $35.05, inclusive.
- [F2]Includes 7,747 restricted stock units ("RSUs") granted on November 9, 2025 to non-employee directors for board service. The RSUs convert into shares of common stock of Applied Digital Corporation on a one-for-one basis, have no expiration date, and vest in full on November 5, 2026, subject to the Reporting Person's continued service through such date.
Signature
/s/ Mark Chavez as Attorney-in-Fact|2026-04-28