Rachel H. Lee - Oct 24, 2025 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Director
Signature
/s/ Mark Chavez as Attorney-in-Fact
Stock symbol
APLD
Transactions as of
Oct 24, 2025
Transactions value $
-$803,872
Form type
4
Date filed
10/28/2025, 04:17 PM
Previous filing
Oct 3, 2025
Next filing
Nov 10, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Lee Rachel H. Director 3811 TURTLE CREEK BOULEVARD, SUITE 2100, DALLAS /s/ Mark Chavez as Attorney-in-Fact 2025-10-28 0001704740

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Sale -$804K -24.2K -28.96% $33.20 59.4K Oct 24, 2025 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.17 to $33.21, inclusive.
F2 Includes 28,606 restricted stock units ("RSUs") granted on December 27, 2024 to non-employee directors for board service. The RSUs convert into shares of common stock of Applied Digital Corporation (the "Issuer") on a one-for-one basis, have no expiration date, and vest in full on November 20, 2025, subject to the Reporting Person's continued service through such date.
F3 Includes 46,190 shares of restricted stock granted on February 22, 2024 as an initial grant upon initiation of board service. Of these shares, 15,396 vested on February 22, 2025 and 15,397 will vest on each of February 22, 2026 and February 22, 2027, subject to the Reporting Person being a director of the Issuer on each such date.