Jason Zhang - Aug 8, 2025 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role: Chief Strategy Officer
Signature: /s/ Mark Chavez as Attorney-in-Fact
Stock symbol: APLD
Transactions as of: Aug 8, 2025
Transactions value $: $0
Form type: 4
Date filed: 8/12/2025, 05:17 PM
Previous filing: Nov 28, 2022
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Zhang Jason Gechen	Chief Strategy Officer	3811 TURTLE CREEK BOULEVARD, SUITE 2100, DALLAS	/s/ Mark Chavez as Attorney-in-Fact	2025-08-12	0001900445

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APLD	Common Stock	Award	$0	+750K	+136.6%	$0.00	1.3M	Aug 8, 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units ("RSUs") granted on August 8, 2025 represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis, have no expiration date, and vest as follows: one-third of the RSUs on March 12, 2026 and one-sixth of the RSUs on September 12, 2026, March 12, 2027, September 12, 2027 and March 12, 2028, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.

Content

Restricted stock units ("RSUs") granted on August 8, 2025 represent a contingent right to receive shares of common stock of Applied Digital Corporation (the "Company") on a one-for-one basis, have no expiration date, and vest as follows: one-third of the RSUs on March 12, 2026 and one-sixth of the RSUs on September 12, 2026, March 12, 2027, September 12, 2027 and March 12, 2028, subject to the Reporting Person's continued employment with the Company through the applicable vesting date.