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[Form 4] Applied Digital Corporation Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Report: Form 4 filed for Douglas S. Miller (Director) of Applied Digital Corporation (APLD) discloses a sale of 10,000 shares on 08/04/2025 at $13.63 per share (transaction code S).

Holdings: Beneficial ownership following the transaction is reported as 221,112 shares (direct). The filing includes a footnote that the total includes 28,606 restricted stock units (RSUs) granted 12/27/2024 to non-employee directors; the RSUs represent a contingent right to receive one share per RSU, have no expiration, and vest in full on 11/20/2025 subject to continued service.

Filing details: Form filed by one reporting person; relationship checked: Director. Form signed by attorney-in-fact Mark Chavez on 08/06/2025.

Relazione: È stato depositato il Form 4 per Douglas S. Miller (Amministratore) di Applied Digital Corporation (APLD) che riporta la vendita di 10,000 azioni il 08/04/2025 a $13.63 per azione (codice di transazione S).

Partecipazioni: La partecipazione dopo la transazione è indicata in 221,112 azioni (dirette). Il deposito include una nota che il totale comprende 28,606 unità di azioni soggette a restrizioni (RSU) concesse il 12/27/2024 a amministratori non dipendenti; le RSU rappresentano un diritto condizionato a ricevere una azione per RSU, non hanno scadenza e maturano integralmente il 11/20/2025 subordinatamente alla continuazione del servizio.

Dettagli della presentazione: Modulo presentato da una sola persona segnalante; rapporto indicato: Amministratore. Modulo firmato per procura da Mark Chavez il 08/06/2025.

Informe: Se presentó el Form 4 para Douglas S. Miller (Director) de Applied Digital Corporation (APLD) que revela una venta de 10,000 acciones el 08/04/2025 a $13.63 por acción (código de transacción S).

Participaciones: La propiedad tras la transacción se informa como 221,112 acciones (directas). La presentación incluye una nota que indica que el total incluye 28,606 unidades de acciones restringidas (RSU) otorgadas el 12/27/2024 a directores no empleados; las RSU representan un derecho contingente a recibir una acción por RSU, no caducan y se consolidan por completo el 11/20/2025 sujeto a la continuidad del servicio.

Detalles de la presentación: Formulario presentado por una sola persona informante; relación marcada: Director. Formulario firmado por apoderado Mark Chavez el 08/06/2025.

보고: Applied Digital Corporation (APLD)� Douglas S. Miller (이사)� 대� Form 4가 제출되었으며, 08/04/2025� 주당 $13.6310,000� 매도(거래 코드 S)가 기재되어 있습니다.

보유주식: 거래 � 실소유는 221,112�(직접)� 보고되었습니�. 제출서에� 총계� 12/27/2024� 비직� 이사들에� 부여된 28,606개의 제한주식단위(RSU)가 포함된다� 각주가 있습니다; � RSU� RSU 1개당 1주를 받을 � 있는 조건부 권리� 의미하고 만료되지 않으�, 계속 근무� 조건으로 2025/11/20� 전부 확정(vesting)됩니�.

제출 상세: � 명의 보고자가 서류� 제출했으�, 관계로� 이사가 표시되어 있습니다. 서류� 대리인 Mark Chavez가 08/06/2025� 서명했습니다.

Rapport: Un Form 4 a été déposé pour Douglas S. Miller (Administrateur) d'Applied Digital Corporation (APLD), indiquant une vente de 10,000 actions le 08/04/2025 à $13.63 par action (code de transaction S).

Participations: La détention après la transaction est déclarée à 221,112 actions (directes). Le dépôt comprend une note précisant que le total inclut 28,606 unités d'actions restreintes (RSU) accordées le 12/27/2024 à des administrateurs non salariés ; les RSU représentent un droit conditionnel de recevoir une action par RSU, n'ont pas de date d'expiration et s'acquièrent intégralement le 11/20/2025 sous réserve de la poursuite du service.

Détails du dépôt: Formulaire déposé par une seule personne déclarante ; relation cochée : Administrateur. Formulaire signé par le mandataire Mark Chavez le 08/06/2025.

Bericht: Für Douglas S. Miller (Direktor) von Applied Digital Corporation (APLD) wurde ein Form 4 eingereicht, das einen Verkauf von 10.000 Aktien am 08/04/2025 zu $13.63 pro Aktie (Transaktionscode S) offenlegt.

äԻ: Das nach der Transaktion gehaltene wirtschaftliche Eigentum wird mit 221.112 Aktien (direkt) angegeben. Die Einreichung enthält eine Fußnote, dass die Summe 28.606 Restricted Stock Units (RSUs) umfasst, die am 12/27/2024 an nicht-angestellte Direktoren gewährt wurden; die RSUs stellen ein bedingtes Recht dar, für jede RSU eine Aktie zu erhalten, verfallen nicht und werden am 11/20/2025 vollständig unverfallbar, vorbehaltlich fortgesetzter Dienstzeit.

Einreichungsdetails: Formular eingereicht von einer meldepflichtigen Person; angegebene Beziehung: Direktor. Formular unterschrieben vom Bevollmächtigten Mark Chavez am 08/06/2025.

Positive
  • Timely disclosure of insider transaction (Form 4 filed and signed 08/06/2025).
  • RSU grant disclosed: 28,606 RSUs granted 12/27/2024 vesting in full on 11/20/2025, with one-for-one share conversion and no expiration.
Negative
  • Insider sale: 10,000 shares disposed of on 08/04/2025 at $13.63 (transaction code S).

Insights

TL;DR: Director sold 10,000 APLD shares at $13.63; holdings remain 221,112; 28,606 RSUs vest 11/20/2025.

The filing documents a single open-market sale by Director Douglas S. Miller on 08/04/2025 for 10,000 shares at $13.63. The report shows 221,112 shares beneficially owned after the sale and discloses 28,606 RSUs

TL;DR: Disclosure shows a director sale and a director RSU grant; signature by attorney-in-fact filed 08/06/2025.

The Form 4 clearly identifies the reporting person, relationship as Director, the transaction type (code S), and post-transaction ownership. The inclusion of RSU grant terms—one-for-one conversion, no expiration, and vesting date—provides useful governance and compensation detail. No other governance events, departures, or material qualifiers are disclosed in this filing.

Relazione: È stato depositato il Form 4 per Douglas S. Miller (Amministratore) di Applied Digital Corporation (APLD) che riporta la vendita di 10,000 azioni il 08/04/2025 a $13.63 per azione (codice di transazione S).

Partecipazioni: La partecipazione dopo la transazione è indicata in 221,112 azioni (dirette). Il deposito include una nota che il totale comprende 28,606 unità di azioni soggette a restrizioni (RSU) concesse il 12/27/2024 a amministratori non dipendenti; le RSU rappresentano un diritto condizionato a ricevere una azione per RSU, non hanno scadenza e maturano integralmente il 11/20/2025 subordinatamente alla continuazione del servizio.

Dettagli della presentazione: Modulo presentato da una sola persona segnalante; rapporto indicato: Amministratore. Modulo firmato per procura da Mark Chavez il 08/06/2025.

Informe: Se presentó el Form 4 para Douglas S. Miller (Director) de Applied Digital Corporation (APLD) que revela una venta de 10,000 acciones el 08/04/2025 a $13.63 por acción (código de transacción S).

Participaciones: La propiedad tras la transacción se informa como 221,112 acciones (directas). La presentación incluye una nota que indica que el total incluye 28,606 unidades de acciones restringidas (RSU) otorgadas el 12/27/2024 a directores no empleados; las RSU representan un derecho contingente a recibir una acción por RSU, no caducan y se consolidan por completo el 11/20/2025 sujeto a la continuidad del servicio.

Detalles de la presentación: Formulario presentado por una sola persona informante; relación marcada: Director. Formulario firmado por apoderado Mark Chavez el 08/06/2025.

보고: Applied Digital Corporation (APLD)� Douglas S. Miller (이사)� 대� Form 4가 제출되었으며, 08/04/2025� 주당 $13.6310,000� 매도(거래 코드 S)가 기재되어 있습니다.

보유주식: 거래 � 실소유는 221,112�(직접)� 보고되었습니�. 제출서에� 총계� 12/27/2024� 비직� 이사들에� 부여된 28,606개의 제한주식단위(RSU)가 포함된다� 각주가 있습니다; � RSU� RSU 1개당 1주를 받을 � 있는 조건부 권리� 의미하고 만료되지 않으�, 계속 근무� 조건으로 2025/11/20� 전부 확정(vesting)됩니�.

제출 상세: � 명의 보고자가 서류� 제출했으�, 관계로� 이사가 표시되어 있습니다. 서류� 대리인 Mark Chavez가 08/06/2025� 서명했습니다.

Rapport: Un Form 4 a été déposé pour Douglas S. Miller (Administrateur) d'Applied Digital Corporation (APLD), indiquant une vente de 10,000 actions le 08/04/2025 à $13.63 par action (code de transaction S).

Participations: La détention après la transaction est déclarée à 221,112 actions (directes). Le dépôt comprend une note précisant que le total inclut 28,606 unités d'actions restreintes (RSU) accordées le 12/27/2024 à des administrateurs non salariés ; les RSU représentent un droit conditionnel de recevoir une action par RSU, n'ont pas de date d'expiration et s'acquièrent intégralement le 11/20/2025 sous réserve de la poursuite du service.

Détails du dépôt: Formulaire déposé par une seule personne déclarante ; relation cochée : Administrateur. Formulaire signé par le mandataire Mark Chavez le 08/06/2025.

Bericht: Für Douglas S. Miller (Direktor) von Applied Digital Corporation (APLD) wurde ein Form 4 eingereicht, das einen Verkauf von 10.000 Aktien am 08/04/2025 zu $13.63 pro Aktie (Transaktionscode S) offenlegt.

äԻ: Das nach der Transaktion gehaltene wirtschaftliche Eigentum wird mit 221.112 Aktien (direkt) angegeben. Die Einreichung enthält eine Fußnote, dass die Summe 28.606 Restricted Stock Units (RSUs) umfasst, die am 12/27/2024 an nicht-angestellte Direktoren gewährt wurden; die RSUs stellen ein bedingtes Recht dar, für jede RSU eine Aktie zu erhalten, verfallen nicht und werden am 11/20/2025 vollständig unverfallbar, vorbehaltlich fortgesetzter Dienstzeit.

Einreichungsdetails: Formular eingereicht von einer meldepflichtigen Person; angegebene Beziehung: Direktor. Formular unterschrieben vom Bevollmächtigten Mark Chavez am 08/06/2025.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
MILLER DOUGLAS S

(Last) (First) (Middle)
3811 TURTLE CREEK BOULEVARD
SUITE 2100

(Street)
DALLAS TX 75219

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Applied Digital Corp. [ APLD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/04/2025 S 10,000 D $13.63 221,112(1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Includes 28,606 restricted stock units ("RSUs") granted on December 27, 2024 to non-employee directors for board service. The RSUs represent a contingent right to receive shares of common stock of Applied Digital Corporation 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.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Mark Chavez as Attorney-in-Fact 08/06/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Douglas S. Miller report for APLD?

Douglas S. Miller reported a sale of 10,000 APLD common shares on 08/04/2025 (transaction code S) at a price of $13.63 per share.

How many APLD shares does Douglas S. Miller own after the reported transaction?

Beneficial ownership after the transaction is 221,112 shares (reported as direct ownership).

What RSUs or awards are disclosed in the Form 4?

28,606 restricted stock units (RSUs) were granted on 12/27/2024 to non-employee directors; they convert one-for-one to common stock, have no expiration, and vest in full on 11/20/2025, subject to continued service.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by Mark Chavez as attorney-in-fact on 08/06/2025. The reported transaction date is 08/04/2025.

What is the reporting person’s relationship to the issuer (APLD)?

Douglas S. Miller is reported as a Director of Applied Digital Corporation on the Form 4.
Applied Digital

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Information Technology Services
Services-computer Processing & Data Preparation
United States
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