Nottenburg Richard N 4

What Happened
Richard Nottenburg, a director of Applied Digital Corporation (APLD), sold a total of 25,000 shares in two open-market transactions: 12,500 shares on 2026-04-28 at $32.00 for $400,000, and 12,500 shares on 2026-04-30 at a weighted-average price of $34.59 for $432,375. Total gross proceeds were approximately $832,375. These were outright sales (S) rather than purchases.

Key Details

• Transaction dates and prices:
  • Apr 28, 2026 — 12,500 shares sold at $32.00 (proceeds $400,000).
  • Apr 30, 2026 — 12,500 shares sold at weighted-average $34.59 (proceeds $432,375); prices in that block ranged $34.58–$34.64 (footnote F2).
• Total shares sold: 25,000; total proceeds ≈ $832,375.
• Shares owned after the transactions: not specified in the provided excerpt — see the full Form 4 for post-transaction holdings.
• Footnote F1: The filing notes 7,747 restricted stock units (RSUs) granted Nov 9, 2025 to non-employee directors that convert 1:1 into shares and vest Nov 5, 2026 (subject to continued service).
• Filing: Form 4 filed Apr 30, 2026 reporting transactions on Apr 28 and Apr 30. This filing appears to be timely under the Form 4 reporting window.

Context

• These were sales, which are common for insiders for liquidity or diversification; sales do not by themselves indicate company prospects.
• Footnote F1 refers to unvested RSUs (not a sale) that will convert to shares if vesting conditions are met. Footnote F2 explains the Apr 30 price is a weighted average across multiple executions.