Applied Digital (APLD) COO Laura Laltrello Receives 600,000 Shares

What Happened

• Laura Laltrello, Chief Operating Officer of Applied Digital Corp. (APLD), received 600,000 shares on July 31, 2026 upon the vesting of performance stock units (PSUs). Simultaneously, 260,640 shares were withheld to satisfy tax withholding, valued at $27.39 per share for a total withholding value of $7,138,930.
• The grant/award is reported as transaction code A (award/other acquisition) for the 600,000 PSUs vesting; the share disposition is transaction code F (payment of exercise price or tax liability) for the withheld 260,640 shares. The withholding was a share surrender for taxes, not an open-market sale.

Key Details

• Transaction date: July 31, 2026; Filing date: August 4, 2026 (filed on the SEC Form 4) — timely (filed within the two-business-day window).
• Withheld shares: 260,640 shares at $27.39/share = $7,138,930 (tax withholding, not a market sale) — per footnote F3.
• Award origin: 600,000 PSUs granted March 27, 2025 that vested one-for-one into common stock (footnote F1).
• Related RSUs: filing notes remaining RSUs from a Jan 6, 2025 grant (600,000 total originally) with a multi-date vesting schedule through Jan 6, 2028 (footnote F2).
• Shares owned after transaction: not specified in the provided filing details.

Context

• This was a vesting event (PSUs converting to shares) with tax withholding; it does not indicate a market sale or a new purchase position. For retail investors, awards vesting and related tax withholdings are common compensation events and are not necessarily a signal of insider sentiment.