Laltrello Laura 4

What Happened
Laura Laltrello, Chief Operating Officer of Applied Digital Corp. (APLD), had 43,440 shares withheld to cover tax liabilities in connection with the vesting of restricted stock units (RSUs). The withholding was recorded at $33.50 per share, totaling approximately $1,455,240. This was a tax-withholding event (transaction code F), not an open-market sale.

Key Details

• Transaction date: July 6, 2026; Form 4 filed July 7, 2026 (filed timely).
• Withheld: 43,440 shares at $33.50 per share = $1,455,240 (withholding to satisfy taxes).
• Transaction code: F (tax withholding related to RSU vesting) — per footnote, withholding does not constitute a sale or open-market transaction.
• Related award: Footnote indicates these shares relate to a grant of 600,000 RSUs issued Jan 6, 2025; vesting schedule: one-third vested Jan 6, 2026; one-sixth vested July 6, 2026; remaining tranches vest through Jan 6, 2028, subject to continued employment.
• Shares owned after transaction: Not specified in the provided filing.

Context
Tax withholding is a routine administrative step when RSUs vest: the company retains (withholds) some shares to cover required taxes rather than the executive selling shares on the open market. This transaction is not a signal of a discretionary sale and does not indicate additional trading by the insider.