Applied Digital Corp: president Zhang Jason Gechen bought 300,000 shares

What happened

• Zhang Jason Gechen, president, purchased 300,000 shares of Applied Digital Corp on Oct 16, 2026 at a weighted average price of $18.86 per share, for a total of $5,658,000, as reported on a Form 4 filed Oct 19, 2026.

Key details

• Transaction date and price: Oct 16, 2026; weighted average price $18.86 per share (per-footnote range $18.40 to $19.16). Code: P (Purchase).
• Shares owned after the transaction: the filing does not state the amount beneficially owned following the transaction.
• Relevant footnotes:
  • F1: the $18.86 is a weighted average for multiple transactions on the line with prices from $18.40 to $19.16; full breakdown available upon request to the Commission staff, the issuer or a security holder.
  • F2: references 500,000 RSUs granted Feb 6, 2026 that vest over five years (100,000 on Feb 6, 2027, then 50,000 every six months), subject to continued full-time employment or accelerated vesting conditions.
  • F3: references the remainder of 750,000 RSUs granted Aug 8, 2025, with 125,000 RSUs vesting on each of Mar 12, 2027; Sep 12, 2027; and Mar 12, 2028, subject to continued full-time employment or accelerated vesting conditions.
• Filing date: Oct 19, 2026 (period of report: Oct 16, 2026).

Why it may matter

• This Form 4 reports a market purchase (code P); it is not an option exercise or a gift.
• The filing does not show why the insider traded or why the company acted.